831 Alexander Street SE, Grand Rapids, MI 49507
- $190,000
- Sold Price
- $190,000
- List Price
- $180,000
- Closing Date
- Apr 23, 2025
- Days on Market
- 6
- MLS#
- 25010223
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Grand Rapids - G
Property Description
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
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Additional Information
- Owner Pays
- Sewer, Water
- Taxes
- $1,542
- Acres
- 0.15
- Basement
- Michigan Basement
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Trash Collection
- Total Parking Spaces
- 4
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Phone Available
- Water
- Public
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Listing courtesy of Listing Agent: Paul Leason from Listing Office: Berkshire Hathaway HomeServices Michigan Real Estate (South).
Selling Agent: Selling Office: .
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