831 Alexander Street SE Grand Rapids, MI 49507
6,534 Sq. Ft., 0.15 acres lot size / Multi-Family
Status: Sold
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Turnkey Duplex with Strong Rental History Invest 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
property details
Type
Multi-Family
Status
Closed
County
Kent
Year Built
1905
Lot Size
6,534 Sq. Ft., 0.2 acres
Listing Id
25010223
Courtesy Of
Paul Leason - Berkshire Hathaway HomeServices Michigan Real Estate (South) +1 616 717 1901
List Office Phone
+1 (616) 554-7277
Exterior Features
Parking
Concrete
Driveway
Driveway
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Heating
Gas Heat
Forced Air
Forced Air
Building Area Total
0 Sq. Ft.
Architectural Style
Other
Northern Michigan MLS, Inc listings presented by:
203 Bridge St.
Charlevoix, Michigan 49720
(231) 547-9905
Price History
| date | event | price | source |
|---|---|---|---|
|
04/24/2025
04/24/2025
|
Sold |
$190,000
|
Southwestern Michigan Regional MLS |
|
03/24/2025
03/24/2025
|
Pending |
$180,000
|
Southwestern Michigan Regional MLS |
|
03/18/2025
03/18/2025
|
Active |
$180,000
|
Southwestern Michigan Regional MLS |
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Market Trends
Source: Constellation1
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