$949,000
Grand Rapids, MI 49503
MLS# 25052799
1 / 41
Property Description
Discover an exceptional income-producing property in the heart of Grand Rapids! This massive duplex features two expansive units, one offering 6 bedrooms and the other 7 bedrooms. Making it ideal for investors or owner-occupants seeking rental income. It is located in the highly desirable Heritage Hill neighborhood and is located a short distance from downtown, hospitals, universities, and numerous restaurants. This home features plenty of character along with a blend of modern charm. Inside each unit you will find multiple bathrooms, spacious living and dining areas, updated kitchens with ample cabinetry, and in-unit laundry. Outside features a huge front porch, a quiet backyard with deck, and a private driveway for off-street parking. With its size, location, and updates, this duplex is a rare find. Be sure to schedule your showing today!
Details
Maps
Location Property Info
County: Kent
Street #: 340
Street Name: Cherry
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 4655
Area: Grand Rapids - G
OfficeContract Info
Status: Active
Current Price: $949,000
List Price: $949,000
Listing Date: 2025-10-14
General Property Info
Lot Measurement: Acres
Lot Square Footage: 6055
Lot Acres: 0.14
Lot Dimensions: 55 x 110
Year Built: 1900
New Construction: No
Cert of Compliance: Yes
Road Frontage: 55
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-14-30-381-002
Taxable Value: 273936
SEV: 28540
For Tax Year: 2025
Seller's Annual Property Tax: 13607
Tax Year: 2025
Spec Assessment & Ty: NA
Zoning: RES
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Gross Op. Inc.: 7000
Unit 1
Unit #: 1
Unit Description: 340 Cherry
SqFt: 2893
Occupied: Yes
Monthly Rent: 3600
Bedrooms: 6
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Unit 2
Unit #: 2
Unit Description: 342 Cherry
SqFt: 2893
Occupied: Yes
Monthly Rent: 3400
Bedrooms: 7
Bathrooms: 3
Full Baths: 2
Half Baths: 1
Property Features
Laundry Features: Common Area
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete
Street Type: Paved; Public
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Central Air; Deck/Patio; Dishwasher; Fireplace; Garb Disp; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: Central Air; Deck/Patio; Dishwasher; Fireplace; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Listing Office: Icon Realty Group LLC
Listing Agent: Joshua Schaub
Last Updated: January - 05 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.