$305,000
623 Lane Avenue NW 625, Grand Rapids, MI 49504
Grand Rapids, MI 49504
MLS# 26031290
- Year built
- 1905
- Days on market
- 21
About this property
Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.
Interior
- Heating
- Forced Air
Exterior & construction
- Parking
- Paved, Concrete
- Construction
- Vinyl Siding
- Lot size
- 4,598 sq ft
- Lot dimensions
- 37.5*122.55*37.5*122.65
Utilities
- Water source
- Public Water
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
Financial
- Annual tax
- $8,990
- Tax year
- 2025
- Assessed value
- $174,100
Location
Listed by Connor Anderson · ReSIDE Grand Rapids
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$1,542/mo
$61,000 down · $244,000 financed
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Listing information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Listings are provided courtesy of the participating listing broker. This information is believed accurate but is not warranted and all measurements and calculations are approximate.