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Raphael L. Price

price.raphael@gmail.com +1(248) 672-4505

$ 344,900

Est. payment | -/mo

1,726 SqFt

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$ 344,900

Est. payment | -/mo

Save

1,726 SqFt

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

Square Footage 1,726 sqft

Price per Sqft $199

Subdivision Fairmount Square

MLS Listing ID 65026008983

Year Built 1895

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type MultiFamily

Property Description

Substantial capital improvements, established rental income, and a desirable historic location make 921 Fairmount Street SE an attractive investment opportunity. Located in Grand Rapids' sought-after Fairmount Historic District, this fully leased duplex features two one-bedroom units, off-street parking, a garage, and a fenced backyard. Extensive capital improvements include renovated kitchens and bathrooms in both units with updated flooring, cabinetry, and appliances (2022), hardwood floor refinishing, a new furnace (2022), new roof and exterior siding repairs (2023), attic and exterior remediation and sealing, and a new water heater (2024). These significant investments help reduce near-term maintenance and capital expenditure needs compared to properties requiring similar improvements. Conveniently located near Eastown, East Hills, dining, shopping, and downtown Grand Rapids, this property offers investors established income and long-term value.

Location

State MI

County Kent

Area Area41142Grandrapids

Rooms

Basement Full

Interior

Interior Features Storage

Heating Forced Air, Natural Gas

Fireplace No

Laundry CommonArea, InBasement

Exterior

Parking Features Concrete, Garage

Community Features Sidewalks

Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable

View Y/N No

Roof Type Composition

Building

Lot Description CornerLot, Level

Foundation CrawlSpace, MichiganBasement

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition Standard

Listed by Julie A ONeill of 616 Realty LLC

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(248) 672-4505

price.raphael@gmail.com

280 North Old Woodward Suite 100, Birmingham, Michigan 48009, USA

921 Fairmount ST SE City Of Grand Rapids, MI 49506

Raphael L. Price

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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921 Fairmount ST SE