December Home of the Month

NOW $414,900

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Don't miss this golden investment opportunity nestled in the heart of Eastown - a prime location - with a variety of eateries, parks, and cafes at your doorstep, and downtown Grand Rapids just a short distance away.

UNITS INSPECTED BY CITY OF GR/6 YR CERTIFICATION THRU 2029. Presenting a charming 2-unit home that radiates warmth from every corner. Each unit, with its inviting wrap-around porch, offers ample privacy.

Step inside to find soaring ceilings, beautiful hardwood floors, and an abundance of natural light that brings a sense of openness to the formal living spaces. The spacious and well-appointed kitchens, complete with a full appliance package, provide the perfect setting for culinary exploration.

The graciously sized bedrooms are complemented by airy bathrooms and generous closet space.

Each unit also boasts a single-car garage, two shared drives, a large basement perfect for storage, and for Unit 203, a private rear porch. New roof 2006; High-Efficiency Furnaces in both units (2019 and 2023); Some Windows Recently Replaced; Deck Replaced/Unit 203; New Electric Panels Updated to Both Units 2006.

This property truly stands as a testament to comfort, convenience, and potential for remarkable returns. Both Units are currently occupied with the lease expiration on Unit 201 being 1/31/24: 1,500 SF-$920.00/mo. Lease expiration on Unit 203 6/30/24: 1,500 SF-$945.00/mo.

Future potential rental rates up to $1,450.00/mo. Security deposits are $700.00 for each unit. Buyer to verify all information and future rental rates.

NEW! NEW! NEW-Fannie Mae unveiled a new policy this week that will significantly reduce down payment requirements for owner-occupied 2-, 3-, and 4-unit homes. Set to be effective from the weekend following Nov. 18, 2023, the down payment will now be 5%, a stark decrease from the previous 15-25% requisite for duplexes, triplexes, and four-plexes.



Contact your lender for details.