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$ 384,900
Est. payment /mo
New
622 Stanley Terrace Grand Rapids, MI 49503-3428
1,920 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $200
Subdivision Mi
MLS Listing ID 70559014
Year Built 1900
Annual Tax Amount $7,188
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 44 x 97
Property Sub-Type Multi-Family
Property Description
Great investment opportunity in Grand Rapids! Situated on a quiet cul-de-sac, this tenant-occupied duplex features two units, each offering 2 bedrooms and 1 full bath, with separate electric service for each unit. One unit is currently leased on a month-to-month basis, while the other lease runs through February 2027. Tenant rights apply. Recent 2026 improvements include a new roof, fresh exterior paint on the upper portion of the home, new exterior stairs and upper rear deck, plus a new upper front deck. Enjoy a quiet residential setting while still being within walking distance of downtown Grand Rapids, restaurants, shopping, entertainment, and more. An excellent opportunity for investors looking to add a well-located multi-family property to their portfolio. Please do not disturb tenants. Minimum 48-hour notice required for all showings. Tenant rights apply. Owner is a licensed real estate agent in the State of Michigan.
Location
State MI
County Kent
Area Grand Rapids (41032)
Zoning Multi-Family
Interior
Heating Forced Air
Exterior
Exterior Feature Wood
Building
Lot Description Sidewalks, Wooded
Foundation Basement
Structure Type Wood
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Five Star Real Estate (Ada)