$329,000
Grand Rapids, MI 49503
MLS# 26004398
1 / 25
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 is in the attached documents.
Details
Maps
Location Property Info
County: Kent
Street #: 429
Street Name: Laurel
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49503
Zip (4): 4972
OfficeContract Info
Status: Active
Current Price: $329,000
List Price: $329,000
Listing Date: 2026-02-06
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5750
Lot Acres: 0.13
Lot Dimensions: 50*115
Year Built: 1900
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Road Frontage: 50
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 2
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-36-182-008
Taxable Value: 82865
SEV: 146800
For Tax Year: 2025
Seller's Annual Property Tax: 4250
Tax Year: 2025
Spec Assessment & Ty: N/A
Zoning: Res
Remarks Misc
Directions: MLK to Oakland north to the property
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: lower
SqFt: 940
Occupied: Yes
Monthly Rent: 1370
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: upper
SqFt: 840
Occupied: Yes
Monthly Rent: 1125
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: Laurel
SqFt: 850
Occupied: Yes
Monthly Rent: 1055
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Crawl Space; Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water; Storm Sewer
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Unpaved
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: REO/Bank Owned
Listing Office: United Realty Services LLC
Listing Agent: Timothy VandenToorn
Last Updated: February - 06 - 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.