201 Benjamin Avenue SE Unit 201-203, Grand Rapids, MI 49506

Property Description

Don't miss this golden investment opportunity nestled in the heart of Eastown-a prime location - with a variety of eateries, parks, and cafes at your doorstep, and downtown Grand Rapids just a short distance away. UNITS INSPECTED BY CITY OF GR/6 YR CERTIFICATION THRU 2029. Presenting a charming 2-unit home that radiates warmth from every corner. Each unit, with its inviting wrap-around porch, offers ample privacy. Step inside to find soaring ceilings, beautiful hardwood floors, and an abundance of natural light that brings a sense of openness to the formal living spaces. The spacious and well-appointed kitchens, complete with a full appliance package, provide the perfect setting for culinary exploration. The graciously sized bedrooms are complemented by airy bathrooms and generous closet space. Each unit also boasts a single-car garage, two shared drives, a large basement perfect for storage, and for Unit 203, a private rear porch. New roof 2006; High Efficiency Furnaces in both units (2019 and 2023); Some Windows Recently Replaced; Deck Replaced/Unit 203; New Electric Panels Updated to Both Units 2006. This property truly stands as a testament to comfort, convenience, and potential for remarkable returns. Both Units are currently occupied with lease expiration on Unit 201 is 1/31/24: 1,500 SF-$920.00/mo. Lease expiration on Unit 203 6/30/24: 1,500 SF-$945.00/mo. Future potential rentals rates up to $1,450.00/mo. Security deposits $700.00 for each unit. Buyer to verify all information and future rental rates. NEW! NEW! NEW-Fannie Mae unveiled a new policy this week that will significantly reduce down payment requirements for owner-occupied 2-, 3-, and 4-unit homes. Set to be effective from the weekend following Nov. 18, 2023, the down payment will now be 5%, a stark decrease from the previous 15-25% requisite for duplexes, triplexes, and four-plexes. Contact your lender for details.