201 Benjamin Avenue SE
Grand Rapids, MI 49506
- – beds
- – baths
- – sqft
- 7,100 sqft lot
- 1890 build
- – on site
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Don't miss this golden investment opportunity nestled in the heart of Eastown-a prime location - with a variety of eateries, parks, and cafes at your doorstep, and downtown Grand Rapids just a short distance away. UNITS INSPECTED BY CITY OF GR/6 YR CERTIFICATION THRU 2029. Presenting a charming 2-unit home that radiates warmth from every corner. Each unit, with its inviting wrap-around porch, offers ample privacy. Step inside to find soaring ceilings, beautiful hardwood floors, and an abundance of natural light that brings a sense of openness to the formal living spaces. The spacious and well-appointed kitchens, complete with a full appliance package, provide the perfect setting for culinary exploration. The graciously sized bedrooms are complemented by airy bathrooms and generous closet space. Each unit also boasts a single-car garage, two shared drives, a large basement perfect for storage, and for Unit 203, a private rear porch. New roof 2006; High Efficiency Furnaces in both units (2019 and 2023); Some Windows Recently Replaced; Deck Replaced/Unit 203; New Electric Panels Updated to Both Units 2006. This property truly stands as a testament to comfort, convenience, and potential for remarkable returns. Both Units are currently occupied with lease expiration on Unit 201 is 1/31/24: 1,500 SF-$920.00/mo. Lease expiration on Unit 203 6/30/24: 1,500 SF-$945.00/mo. Future potential rentals rates up to $1,450.00/mo. Security deposits $700.00 for each unit. Buyer to verify all information and future rental rates. NEW! NEW! NEW-Fannie Mae unveiled a new policy this week that will significantly reduce down payment requirements for owner-occupied 2-, 3-, and 4-unit homes. Set to be effective from the weekend following Nov. 18, 2023, the down payment will now be 5%, a stark decrease from the previous 15-25% requisite for duplexes, triplexes, and four-plexes. Contact your lender for details.
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Last updated Apr 28, 2024
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MLS# 23143222 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).