264 Eastern Ave SE, Grand Rapids, MI, 49503

3beds
2baths
1,698sqft
$354,900
$209price/sqft
$2,636/moest. monthly cost
$105,440/yrincome needed

About This Home

Historic Cherry Street/Fairmount Square area, in short walking distance to popular restaurants, galleries and shopping! This beautiful duplex is the ideal turnkey investment property as it is fully leased to long-term tenants, or perfect for an owner-occupant. This home is in great condition, featuring gorgeous high-gloss hardwood floors refinished 3-4 years ago, white-painted decorative solid wood trim throughout and loads of character. The lower 1 bedroom unit has 1 bedroom and 1 bath, and a large eat-in kitchen with separate dining room and living rooms! The upper 2 bedroom unit has 1 bath, kitchen, and living room. The garages are currently being used as storage units with walk-in doors, but could be converted to working garage units with the addition of garage doors. The 2 car parking area in front of the garages was repaved recently. Tenants pay own electric and cable. Owner pays gas heat, but there are two furnaces, so in the future, the heat could be separately metered to allow tenants to each pay their own.

Getting Around

89
WalkingVery Walkable
43
TransitSome Transit
62
BikeBikeable

Schools

6/10
Congress ElementaryGrades PK-50.3 mi
4/10

Construction

Condition

  • Year built: 1892

Type & Style

  • Home type: MultiFamily

Interior

Basement

  • Basement: Basement (not specified)

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Heating

  • Heating features: Forced air

Interior Area

  • Total interior livable area: 1,698 sqft

Property

Details

  • Parcel number: 411429352008

Lot

  • Lot size: 4,007 sqft

Parking

  • Parking features: Garage