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733 Lafayette Avenue NE, Grand Rapids, MI 49503
$273,875
733 Lafayette Avenue NE, Grand Rapids, MI 49503View this property at 733 Lafayette Avenue NE, Grand Rapids, MI 49503
733 Lafayette Avenue NEGrand RapidsMI49503
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Property Description
With both units fully rented, this is your dream investment opportunity! This remarkable duplex offers an excellent chance to expand your portfolio immediately while already making money. Located in a desirable neighborhood and within minutes of the hospital, this property features two separate units, each with its own unique charm and functionality. The upper unit of this duplex is a spacious and inviting living space and is rented until March of 2024. Boasting 3 bedrooms and 1 bathroom, this unit provides ample room for a growing family or the potential to convert one of the bedrooms into a home office or study. The well-appointed kitchen is perfect for culinary adventures, while the comfortable living room offers a cozy retreat. The lower unit is a long time tenant and is rented month to month. Providing you as the owner the opportunity to keep as a fully functioning income property, OR move into the lower unit and have your other tenant help pay your mortgage! The opportunities are endless. The 2 bed, 1 bath unit provides the perfect amount of space. Add a splash of color, and update the floors, to make it your own, OR to increase your rental income even more.
Full Property Details
Full Property Details for 733 Lafayette Ave NE
General
- Sold For: $273,875
- Taxes: $1,616
- Status: Closed
- Type: Multi-Family
- MLS ID: 23132771
- Added to Site: 237 day(s) ago
Parking
- Total Spaces: 1
- Parking Features: Paved
Location
- Area: Grand Rapids - G
- County: Kent
- Cross Streets: Bradford St & Fairbanks St
- Driving Directions: Michigan to Lafayette. North to home. Or: Leonard to Lafayette. South to home.
- Direction Faces: Michigan to Lafayette. North to home. Or: Leonard to Lafayette. South to home.
School Information
- School District: Grand Rapids
- High School District: Grand Rapids
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Utilities
- Sewer: Public Sewer
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Walk-Out
- Roof: Composition
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,050
- Frontage: Paved
- Lot Features: Sidewalk
- Zoning: Res
Financial Considerations
- Tax Amount: $1,616.19
- Terms: Cash, Conventional
- Landlord Pays: Water, Sewer
- Tenant Pays: Electricity, Trash Collection, Gas
Disclosures and Reports
- Documents Avail.: Listing Contract
- Legal Description: LOT 44* MOHRHARD S SECOND SUBDIVISION* OF PART OF LOTS 59 & 60 COIT & CURTIS PARTITION PLAT
- Property ID: 41-14-19-327-031
Listed by Keller Williams GR North, Tammy Jo Budzynski
Sold by Greenridge Realty South Haven, Emily Anderson
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Schools
Schools serving 733 Lafayette Ave NE
School District:Grand Rapids Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
617 Coit Ave Ne, Grand Rapids, MI 49503 | PK-5 | 0.2 mi | |
265 Eleanor St Ne, Grand Rapids, MI 49505 | 6-8 | 1.9 mi | |
1800 Tremont Blvd Nw, Grand Rapids, MI 49504 | 9-12 | 2.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 733 Lafayette Ave NE
Date
Details
Price
Change
Source
10/18/2023
Sold
$273,875
-2.15%
MLS
9/06/2023
Listed
$279,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
733 Lafayette Avenue NE, Grand Rapids, MI 49503 (MLS# 23132771) is a Multi-Family property that was sold at $273,875 on October 18, 2023. Want to learn more about 733 Lafayette Avenue NE? Do you have questions about finding other Multi-Family real estate for sale in Grand Rapids? You can browse all Grand Rapids real estate or contact a Coldwell Banker agent to request more information.