429 Laurel Street SW, Grand Rapids, MI 49503
- $338,000
- Sold Price
- $338,000
- List Price
- $329,000
- Closing Date
- Mar 13, 2026
- Days on Market
- 3
- MLS#
- 26004398
- Status
- SOLD
- Type
- Multifamily
Property Description
Income-producing 3-unit property consisting of one duplex and one single-family home. All units are currently occupied with a combined monthly rent of $3,550, exceeding the 1% rule. The duplex recently completed a ''Get the Lead Out'' inspection with significant improvements made, and the lower unit was fully remodeled prior to the current tenancy. The single-family home features a long-term tenant of over 10 years, and the upper duplex unit is also occupied by a long-term tenant. Strong rental history with reliable tenants and consistent payments. Solid cash-flow opportunity for an investor seeking stability over flash. This property is professionally managed and management can continue. An inspection report provided by the management company United Properties is in the attached documents.
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Additional Information
- Owner Pays
- Sewer, Water
- Taxes
- $4,250
- Acres
- 0.13
- Basement
- Crawl Space, Michigan Basement
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Trash Collection
- Utilities
- Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available, Storm Sewer
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Timothy J VandenToorn from Listing Office: United Realty Services LLC.
Selling Agent: Selling Office: .
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