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.
Off market
Street View
Zestimate®
$337,700
264 Eastern Ave SE, Grand Rapids, MI 49503
--beds
2baths
1,698sqft
MultiFamily
Built in 1892
-- sqft lot
$337,700 Zestimate®
$199/sqft
$1,725 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
Heating
- Forced air
Interior area
- Total interior livable area: 1,698 sqft
Property
Parking
- Parking features: Garage
Lot
- Size: 4,007 sqft
Details
- Parcel number: 411429352008
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1892
Community & neighborhood
Location
- Region: Grand Rapids
Sell with ease on Zillow
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$337,700
2% more+$6,754
With Zillow Showcase(estimated)$344,454