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About This Home
This 7-bedroom, 0-bathroom residential multi family at 623 Lane Avenue NW in Grand Rapids, MI is listed for $319,000. Built in 1905, on a 0.11 acres lot.
Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320.
Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.
Key Features
- Built in 1905
- 0.11 acre lot
- 2 parking spaces
Property Details
Monthly Cost Estimate
$1,706/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
623 Lane Avenue NW
Grand Rapids, MI 49504
Property Details
Construction
Parking
Heating
Questions & Answers
This 7-bedroom, 0-bathroom residential multi family at 623 Lane Avenue NW is listed at $319,000. The estimated monthly payment is $1,382 based on 20% down at 6.5% interest.
Key features include: Built in 1905, 0.11 acre lot, 2 parking spaces.
This property is listed by Connor Anderson and can be reached at 6166486353 or connor@buysellinvest.co.
