201 Lafayette Avenue
Grand Rapids, MI 49503

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Description

Location, Location, Location! A unique opportunity to own a Heritage Hill duplex just a literal minutes' walk to GRCC, Spectrum Health, Downtown and Martha's Vineyard. Unit 1 is a 4 bed, 2 ½ bath unit featuring many newer updates and lots of original character. There is access to a private patio & 2 stall garage. Unit 2 is a semi studio unit w/private entrance on the 3rd floor accessed from an outside staircase w/ small deck half way up. The large size studio also has updated kitchen and bath. Full size basement provides laundry, storage and potential workout/studio space. You must see this to appreciate the mix of modern convenience and old world character. Would be a great owner occupied property in the main unit with the studio to offset your mortgage. Solid rental history.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49503
• Year Built: 1910
• School District: Grand Rapids
• Units: 2 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 2
• Lot Size: 3311 sq ft lot
• Construction Materials: Wood Siding
• Cross Street: Lyon and Michigan
• Directions: On NW corner of Lafayette and Lyon. Lafayette between Michigan and Lyon.
• Driveway: Paved
• Extras: Garages, Laundry Facility, Tenant Storage
• Financial Available: No
• Gross Income: 37800
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Description: Corner Lot, Sidewalk
• Lot Features: Corner Lot, Sidewalk
• Lot Size Area: 0.08
• Lot Size Square Feet: 3311
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Electricity, Gas, Sewer, Water
• Parcel Number: 41-14-30-130-014
• Parking Features: Paved
• Possession: Close Of Escrow
• Road Frontage: 48
• Road Surface Type: Paved
• Roof: Composition, Rubber
• SEV: 201200
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDE2MjMxIiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTE3VDE3OjUyOjE0LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.LxVdkqFO_lmgebyLrhFtlitzbWYy30jY-cJcVLtVP6c/badge
• Street Type: Paved, Public
• Tax Annual Amount: 8012
• Tax Legal Description: S 48 FT OF LOT 10 BLK 11* KENDALL S ADDITION
• Tax Year: 2025
• Tenant Pays: Trash Collection
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 2440
• Township: City of Grand Rapids
• Util Availat Street: Storm Sewer
• Utilities: Natural Gas Connected, Electricity Connected, Storm Sewer
• Water Access: No
• Water Source: Public Water