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Sandi Smith

Trillium Real Estate

[email protected] +1(734) 216-6414

$ 285,000

Est. payment -/mo

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Price Dropped by $9K

733 Lafayette NE Avenue Grand Rapids, MI 49503

6,055 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

Subdivision Mohrhard S Second Sub

MLS Listing ID 25024555

Year Built 1900

Annual Tax Amount $6,228

Tax Year 2025

Lot Size 6,055 Sqft

Acres 0.14

Lot Dimensions 50x121

Property Sub-Type 2 to 4 Units

Property Description

Opportunity Knocks! This well-located duplex currently generates $2,700/month in rental income with tenants covering some utilities, offering a strong foundation for your investment strategy. In-unit laundry is being added soon, boosting appeal and rentability even further.
Each unit has its own private entrance and separate utilities, with a 3 bed/1 bath upstairs and a 2 bed/1 bath downstairs—ideal for long-term tenants or flexible rental strategies.
The property is professionally managed, which can allow for a smooth transition for the next owner—whether you choose to self-manage or keep the current systems in place.
Situated just minutes from Medical Mile and downtown Grand Rapids, and conveniently located on a bus route, this property offers solid rental demand in a... ...desirable neighborhood.
Whether you're a seasoned investor, first-time house-hacker, or someone exploring furnished rentals for traveling professionals like nurses, this property affords many options.
Request full financials from the listing agentthis is one to seriously consider. ...desirable neighborhood.
Whether you're a seasoned investor, first-time house-hacker, or someone exploring furnished rentals for traveling professionals like nurses, this property affords many options.
Request full financials from the listing agentthis is one to seriously consider.

Location

State MI

County Kent

Area Grand Rapids - G

Direction I-196, exit on College Ave, then north. Take Hastings (just north of the freeway) West to Lafayette, then turn Right (North). Property is on the left with on-street parking.

Rooms

Basement Michigan Basement, Walk-Out Access

Interior

Heating Forced Air

Fireplaces Number 1

Laundry In Basement

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 1

Building

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-19-327-031

Acceptable Financing Cash, Conventional, Tax Def Exchange

Listing Terms Cash, Conventional, Tax Def Exchange

Listed by Greenridge Realty South Haven