340 Cherry Street
Grand Rapids, MI 49503

More
Photos »

Tools & Resources:

Description

Discover an exceptional income-producing property in the heart of Grand Rapids! This massive duplex features two expansive units, one offering 6 bedrooms and the other 7 bedrooms. Making it ideal for investors or owner-occupants seeking rental income. It is located in the highly desirable Heritage Hill neighborhood and is located a short distance from downtown, hospitals, universities, and numerous restaurants. This home features plenty of character along with a blend of modern charm. Inside each unit you will find multiple bathrooms, spacious living and dining areas, updated kitchens with ample cabinetry, and in-unit laundry. Outside features a huge front porch, a quiet backyard with deck, and a private driveway for off-street parking. With its size, location, and updates, this duplex is a rare find. Be sure to schedule your showing today!

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49503
• Year Built: 1900
• School District: Grand Rapids
• Units: 2 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 4
• Lot Size: 6055 sq ft lot
• Construction Materials: Wood Siding
• Cooling: Central Air
• Cross Street: Madison & Cherry
• Driveway: Concrete
• Gross Income: 7000
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Laundry Features: Common Area
• Lot Size Area: 0.14
• Lot Size Square Feet: 6055
• Lot Size Units: Acres
• MLS Area Major: Grand Rapids - G
• MLS Area Minor: Grand Rapids - G
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Parcel Number: 41-14-30-381-002
• Parking Features: Concrete
• Possession: Close Of Escrow
• Road Frontage: 55
• Road Surface Type: Paved
• Roof: Composition
• SEV: 28540
• Sewer: Public Sewer
• Street Type: Paved, Public
• Tax Annual Amount: 13607
• Tax Legal Description: LOT 2 & W 1/2 OF VACATED ALLEY ADJ ON E* WELTON S ADDITION
• Tax Year: 2025
• Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Terms Available: Cash, Conventional, FHA, VA Loan
• Township: City of Grand Rapids
• Util Availat Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer, Phone Available
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
• Water Access: No
• Water Source: Public Water
• Zoning Description: RES