$190,000
$180,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
831 Alexander Street SE Grand Rapids, MI 49507
2 Beds
6,534 Sqft Lot
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
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

©2025 Realcomp II Ltd. Shareholders
Bought with City2Shore Real Estate (GR)