201 - 201-203 Benjamin Avenue SE, Grand Rapids, MI 49506
$414,900 - Sold
- MLS#: 23143222
- Number of Units: 2
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1890
- Basement: Yes
- Air: None11
- Lot Size: 59x120
- Square Footage: 3,000
- Exterior: Wood Siding
- Water: Public
- Acreage: .16
- Heat: Forced Air/Natural Gas
- PPN: 41-14-29-405-017
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Cable,Electric,Natural Gas,Telephone Line
- Utilities Available at Street: Storm Sewer
- Extras: Garages,Sep Electric Meter,Sep Gas Meter,Sep Water Meter
- Lot Description: Wooded
- Frontage/Type: 59 / Street, 0 / Water
- Terms: Cash, Conventional, Other27
- Original Price: $414,900
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: Lake Dr To Benjamin, North To Home
- Property Description: 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 lease expiration on Unit 201 is 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 rentals rates up to $1,450.00/mo. Security deposits $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.
- Commission Offered:
- Buyer Agency: 3.00 % Sub Agency: 2.00 % Transaction Coordinator:
- Disclaimer: The listing broker's offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
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