Properties for sale in Michigan

Location Property Info

County: Kent
Street #: 623
Street Name: Lane
Suffix: Avenue
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 5018

General Property Info

Lot Measurement: Acres
Lot Square Footage: 4598
Lot Acres: 0.11
Lot Dimensions: 37.5*122.55*37.5*122.65
Year Built: 1905
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-07-23
Road Frontage: 37
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 2
Total Parking Spaces: 2
Waterfront: No
School District: Grand Rapids
Basement: Yes

Tax Info

Tax ID #: 41-13-23-413-014
Taxable Value: 174100
SEV: 174100
For Tax Year: 2025
Seller's Annual Property Tax: 8990
Tax Year: 2025
Spec Assessment & Ty: Unknown
Zoning: R-2
Homestead %: 0

Access Feat

Accessibility Features: No

Unit 1

Unit #: 623
Unit Description: Front Unit
SqFt: 1835
Occupied: Yes
Monthly Rent: 1300
Bathrooms: 2
Full Baths: 2
Range Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

More Information

Unit 2

Unit #: 625
Unit Description: Back Unit
SqFt: 1316
Occupied: Yes
Monthly Rent: 1320
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes
Washer/Dryer: Yes

Location & Property Info

Unit #: 625
Cross Streets: 3RD ST NW
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: 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.
Legal: LOT 402* PANFIL S ASSESSOR S PLAT NO. 22* OF PART OF THE W 1/2 OF THE SE 1/4 OF SECTION 23 T 7 N R 12 W

Lot Description

Wooded: Yes

Street Type

Paved: Yes

Util Avail at Street

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Public Sewer: Yes
Public Water: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Other: Yes

Mineral Rights

Unknown: Yes

Laundry Features

Electric Dryer Hookup: Yes
Gas Dryer Hookup: Yes
In Unit: Yes
Washer Hookup: Yes

Exterior Material

Vinyl Siding: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

Concrete: Yes
Paved: Yes
Shared Paved: Yes

Substructure

Michigan Basement: Yes

Extras

Garages: Yes

Owner Pays

Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; In Unit; Washer Hookup Exterior Material: Vinyl Siding Substructure: Michigan Basement Lot Description: Wooded Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water Extras: Garages Owner Pays: Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Driveway: Concrete; Paved; Shared Paved Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Other Possession: Close Of Escrow Sale Conditions: None Unit 1: Range Oven; Refrigerator; Washer/Dryer Unit 2: Range/Oven; Refrigerator; Washer/Dryer

623 Lane Avenue NW 625, Grand Rapids, MI 49504

Overview

Description

Listing Details MLS# 26031290