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$ 324,900
Est. payment /mo
New
710 Cherry ST SE City Of Grand Rapids, MI 49503
2,082 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,082 sqft
Price per Sqft $156
MLS Listing ID 81026050941
Year Built 1902
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type MultiFamily
Property Description
Exceptional investment opportunity in Grand Rapids! This duplex sits on a low-maintenance 3,311 sq ft lot and offers strong income potential. With market rents in the area averaging around $1,625 per unit, this property can yield a potential gross revenue of $3,300+ per month. A little TLC will easily maximize its value, but the property is completely functional and ready to rent as-is. Metered separately for maximum efficiency, each unit features its own electrical panel, furnace, and water heater. Whether you are looking for an addition to your rental portfolio or a house-hacking opportunity to live in one unit while collecting rent from the other, this solid multi-family property offers multiple pathways to build long-term equity.
Location
State MI
County Kent
Area Area41142Grandrapids
Rooms
Basement Daylight, Full
Interior
Interior Features Storage
Heating Forced Air, Natural Gas, Radiant
Fireplace No
Laundry CommonArea, InBasement, Sink
Exterior
Community Features Sidewalks
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Tara Hartwig of Keymark Realty