506 Fairview NE Avenue Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49503
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 25019621
Year Built 1895
Annual Tax Amount $6,000
Tax Year 2025
Lot Size 2,570 Sqft
Acres 0.06
Lot Dimensions 40 x 64
Property Sub-Type 2 to 4 Units
Property Description
Calling all investors! Like-new duplex just steps from Medical Mile in the sought-after Belknap Lookout neighborhood. Could easily gross $48K/yr. Completely rebuilt in 2020 on the original foundation, this modern 2-unit property features separate utilities & nearly identical layouts: each unit offers 3 bedrooms, 1 full bath, in-unit laundry, and all the modern conveniences tenants desire. Excellent rental history. Unit 1 is currently month-to-month & Unit 2 is leased through July. Includes 2 private parking spots w/abundant permitted street parking available. Public transit nearby. A rare turnkey opportunity! 24 hour notice required for showings.
Location
State MI
County Kent
Area Grand Rapids - G
Direction From Coit/Hasting head West on Hastings. Turn right onto Fairview. House is on right. Parking is available in driveway immediately south of building.
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Laundry In Unit,Laundry Closet
Exterior
Parking Features Concrete,Driveway
Utilities Available Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 2
Building
Lot Description Sidewalk
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-19-352-010
Acceptable Financing VA Loan,MSHDA,FHA,Cash
Listing Terms VA Loan,MSHDA,FHA,Cash