$296,900
$289,900
2.4%For more information regarding the value of a property, please contact us for a free consultation.
1705 Diamond Avenue NE Grand Rapids Twp, MI 49505
2 Beds
7,840 Sqft Lot
Key Details
Sold Price $296,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65021098467
Sold Date 09/13/21
Bedrooms 2
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1962
Annual Tax Amount $3,705
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 76x104
Property Description
TURN-KEY, HIGH CASH FLOW & RETURN - This Mid-Century duplex has a no-vacancy history with high cash flowing rents. City Certification received Summer 2021. Existing tenants in place on month-to-month $1150/mo leases wanting to stay yet flexible to move within 30 days if needed. Rents have not been increased in 2 years (projected market rents approx. $1350/unit). With this duplex and month-to-month lease flexibility, you could live in one unit, and rent the other and have a ~$200/mo living expense (with only 5% down min.). Possession can be had at closing. 9 year old roof, new furnace recently installed, deck painted in July, and no basement - providing easy, low maintenance management. Each unit features floor to ceiling coated brick fireplaces, central AC, split utilities,in-unit laundry, and 2 bedrooms, 1 bathroom with master suite setups. Upper unit has cathedral ceilings and picture windows. Both units have 2 off street parking spaces with carport, along with individual storage closets in carport. An additional storage shed is located in back. Electric and gas are split to each unit and tenants pay individually. Owner pays for water, trash and cares for lawn and snow. Buyer to verify all information. Seller is a licensed Realtor in the State of Michigan.
Location
State MI
County Kent
Area Grand Rapids Twp
Zoning Residential
Direction Leonard to Diamond, North to address (turn West onto Drexel Dr to park).
Interior
Interior Features Cable Available
Heating Forced Air
Cooling Central Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Roof Type Composition
Road Frontage Paved
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Structure Type Vinyl
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411417155006
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
©2024 Realcomp II Ltd. Shareholders
Bought with Keller Williams Realty Rivertown