956 Hovey Street SW, Grand Rapids, Michigan, 49504
0.13 Acres
4 bd
2 ba
#26052856
INVESTORS—THIS ONE IS READY TO GO! This fully rented Grand Rapids duplex offers immediate income with both units currently occupied and a City of Grand Rapids Rental Certificate valid through December 2030. But the opportunity may not stop there! The property previously had a detached garage and is zoned TN-LDR, creating an exciting opportunity to explore the potential for a future garage with an Accessory Dwelling Unit (ADU) or other permitted configuration. Two existing rental units today with the possibility of exploring additional living or rental space tomorrow! Any future ADU, garage, additional dwelling, or development is not guaranteed and is subject to City of Grand Rapids and other required approvals. Buyer and buyer's agent to verify all information, zoning, permitted uses, requirements, and approvals and complete their own due diligence regarding any intended future use. Conveniently located near downtown Grand Rapids, shopping, restaurants, and area amenities. Whether Both units are currently tenant occupied with a combined monthly rental income of $2,470. Unit 1: $1,150/month with lease in place through October 2027. Unit 2: $1,320/month with lease in place through May 1, 2027.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Phone Available, Natural Gas Connected
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Paved
- Parking Total: 4
- Heating on Property:
- Heating : Natural Gas, Forced Air
- Construction Materials: Aluminum Siding, Vinyl Siding
- Road Surface Type: Paved
- Basement Description : Full
- Basement on Property:
PROPERTY DETAILS
ID: 26052856
Status: Pending Sale
Price: $275,500
Acres: 0.13 Acres
Price Per Acre: $2,119,231
Type: Multi-family
Address: 956 Hovey Street SW
City, State: Grand Rapids, Michigan
County: Kent
Zip Code: 49504
Lat/Long: 42.962575, -85.692131
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