247 Sweet Street NE, Grand Rapids, MI 49505

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List Price
$299,900
Price Change
▼ $10,100 1794328518
Days on Market
27
MLS#
26055023
Status
ACTIVE
Type
Multifamily
Bathrooms
2

Property Description

Substantial capital improvements, established rental income, and additional revenue potential make 247 Sweet Street NE an attractive investment opportunity. Located in Grand Rapids' revitalizing Creston neighborhood near the growing Plainfield Avenue corridor, this fully leased duplex offers convenient access to dining, shopping, and downtown. Significant capital improvements include a new main and flat roof with decking (2024), replacement of the exterior stairs and deck serving the upper unit, driveway drainage enhancements, exterior siding repairs and painting, interior updates, and mechanical servicing. These investments help reduce near term maintenance and capital expenditures compared to properties requiring similar improvements. Situated on a 6,229 sq. ft. lot, the property features a four-stall garage with potential for additional rental or storage income, subject to zoning verification.

Additional Information

Owner Pays
Gas, Sewer, Water
Taxes
$5,419
Acres
0.14
Basement
Full
Heating
Hot Water
Roofing
Composition
School District
Grand Rapids
Tenant Pays
Electricity, Trash Collection
Total Parking Spaces
4
Utilities
Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
Water
Public Water

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Julie A ONeill from Listing Office: 616 Realty LLC.

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