510 Woodlawn Street
Grand Rapids, MI 49507

More
Photos »

Tools & Resources:

Description

Amazing Investment Opportunity in the Heart of Grand Rapids! Welcome to 510 Woodlawn St SE, a meticulously maintained duplex offering a fantastic opportunity for both seasoned and first-time investors. Located just steps from the vibrant Madison neighborhood and Alexander Park, this property sits in a highly desirable and convenient location. The upper 3-bedroom unit is currently leased, with both units historically generating $1,350 per month each. The property also includes a valid Certificate of Compliance, making it a true turnkey investment. The upper unit is occupied by reliable, long-term tenants who take excellent care of the home. This property checks all the boxes with strong rental income, solid condition, and compliance already in place. Don't miss your chance to add this exceptional duplex to your portfolio!

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49507
• Year Built: 1900
• School District: Grand Rapids
• Units: 2 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 3
• Lot Size: 4792 sq ft lot
• Construction Materials: Vinyl Siding
• Cross Street: College Ave SE & Woodlawn
• Directions: East from US-131 on Hall Left on Madison Right on Woodlawn
• Driveway: Concrete, Gravel
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Laundry Features: In Basement
• Lot Size Area: 0.11
• Lot Size Square Feet: 4792
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Sewer, Trash Collection, Water
• Parcel Number: 41-14-31-456-003
• Parking Features: Concrete, Gravel
• Possession: Close Of Escrow
• Road Frontage: 40
• Road Surface Type: Paved
• Roof: Composition
• SEV: 103800
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDE2NzgxIiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTIzVDE0OjIzOjQ0LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.Z5EzV_RZzu_S-a5plK_g_-2YN0V8di1EMvseTwGkegM/badge
• Street Type: Paved, Public
• Tax Annual Amount: 2328.37
• Tax Legal Description: LOT 76* WESTON & LOW S ADDITION
• Tax Year: 2025
• Tenant Pays: Electricity, Gas
• Terms Available: Cash, Conventional, FHA, MSHDA, VA Loan
• Township: City of Grand Rapids
• Util Availat Street: Public Water
• Utilities: Natural Gas Connected, Electricity Connected
• Water Source: Public Water
• Zoning Description: TN-LDR