623 Lane NW Avenue #625, Grand Rapids, MI 49504
623 Lane NW Avenue #625, Grand Rapids, MI 49504
623 Lane NW Avenue #625, Grand Rapids, MI 49504
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$319,000
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4,598 Sqft Lot
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623 Lane NW Avenue #625 Grand Rapids, MI 49504

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Jonathan Stowers

Jonathan Stowers

+1(269) 675-0215

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Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 26031290

Year Built 1905

Annual Tax Amount $8,990

Tax Year 2025

Lot Size 4,598 Sqft

Acres 0.11

Lot Dimensions 37.5*122.55*37.5*122.65

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

Property Description

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.

Location

State MI

County Kent

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Laundry Electric Dryer Hookup, Gas Dryer Hookup, In Unit, Washer Hookup

Exterior

Parking Features Concrete, Driveway, Paved

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected

View Y/N No

Street Surface Paved

Total Parking Spaces 2

Building

Lot Description Wooded

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-13-23-413-014

Acceptable Financing Cash

Listing Terms Cash

Listed by ReSIDE Grand Rapids

NEARBY SCHOOL & BUSINESS

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Jonathan Stowers

Jonathan Stowers

Agent | License ID: 6501449876

+1(269) 675-0215

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623 Lane NW Avenue #625