Grand Rapids Twp, MI 49505,1705 Diamond Avenue NE

$296,900

$289,900

2.4%
Est.Price: ?

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Est. payment /mo

2 Beds

7,840 Sqft Lot


SOLD DATE : 09/13/2021

Key Details

Sold Price $296,900

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 65021098467

Sold Date 09/13/21

Bedrooms 2

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1962

Annual Tax Amount $3,705

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 76x104

Property Description

TURN-KEY, HIGH CASH FLOW & RETURN - This Mid-Century duplex has a no-vacancy history with high cash flowing rents. City Certification received Summer 2021. Existing tenants in place on month-to-month $1150/mo leases wanting to stay yet flexible to move within 30 days if needed. Rents have not been increased in 2 years (projected market rents approx. $1350/unit). With this duplex and month-to-month lease flexibility, you could live in one unit, and rent the other and have a ~$200/mo living expense (with only 5% down min.). Possession can be had at closing. 9 year old roof, new furnace recently installed, deck painted in July, and no basement - providing easy, low maintenance management. Each unit features floor to ceiling coated brick fireplaces, central AC, split utilities,in-unit laundry, and 2 bedrooms, 1 bathroom with master suite setups. Upper unit has cathedral ceilings and picture windows. Both units have 2 off street parking spaces with carport, along with individual storage closets in carport. An additional storage shed is located in back. Electric and gas are split to each unit and tenants pay individually. Owner pays for water, trash and cares for lawn and snow. Buyer to verify all information. Seller is a licensed Realtor in the State of Michigan.

Location

State MI

County Kent

Area Grand Rapids Twp

Zoning Residential

Direction Leonard to Diamond, North to address (turn West onto Drexel Dr to park).

Interior

Interior Features Cable Available

Heating Forced Air

Cooling Central Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Pool No

Waterfront no

Roof Type Composition

Road Frontage Paved

Garage no

Building

Foundation Slab

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Vinyl

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411417155006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by EXP Realty LLC
Bought with Keller Williams Realty Rivertown
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