Grand Rapids, MI 49507,831 Alexander Street SE

$190,000

Est. payment /mo

$180,000

5.6%
Est.Price: ?

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831 Alexander Street SE Grand Rapids, MI 49507

2 Beds

6,534 Sqft Lot

SOLD DATE : 04/23/2025

Key Details

Sold Price $190,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 65025010223

Sold Date 04/23/25

Bedrooms 2

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1905

Annual Tax Amount $1,542

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 50X129

Property Description

Turnkey Duplex with Strong Rental HistoryInvest in this cash-flowing duplex in Grand Rapids, offering a fantastic opportunity for both seasoned & first-time investors. The 3 bed 1 bath upper unit has been completely remodeled and is move-in ready, featuring a brand-new kitchen, fresh paint, new carpet & LVT kitchen flooring. A new refrigerator & range complete the modern updates, making it an attractive option for tenants. Market rent for the unit is $1,200/mo. (Section 8 limit is $1963!)The 3/1 lower unit is occupied by a long-term tenant, $900/mo, M2M, providing immediate stability for your investment. This property boasts newer mechanicals and a strong rental history, ensuring peace of mind for the next owner. With a potential gross rental income upwards of $2400/mo this duplex offers great cash flow at an affordable price point.

Don't miss this turnkey investment opportunity. Schedule your showing today!
Owner is a licensed Realtor in the State of MI.
All/any offers to be held and reviewed Mon 24th March 9am

Location

State MI

County Kent

Area Grand Rapids

Zoning Residential

Direction EASTERN TO EAST ON ALEXANDER TO PROPERTY

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 4.0

Roof Type Composition

Garage no

Building

Foundation Michigan Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Vinyl

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411432308020

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Paul Leason of Berkshire Hathaway HomeServices Michigan Real Esta
Bought with City2Shore Real Estate (GR)
agent

Bill Ristov

Broker Associate | License ID: 370946

+1(248) 421-5998

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