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TEDROS FREMICHAEL HOMES GR

POWERED BY GRAND RIVER REALTY

330 Fuller Ave NE, Grand Rapids, MI 49503 | (616) 821-8491

Bedrooms:

​

Bathrooms:

0

Square Feet:

​

Type:

2 to 4 Units

County:

Kent

School District:

Grand Rapids

Year Built:

1895

Listing Type:

Multi Family

City:

Multi Family

921 Fairmount Street SE, Grand Rapids, MI 49506

$344,900

Description

Substantial capital improvements, established rental income, and a desirable historic location make 921 Fairmount Street SE an attractive investment opportunity. Located in Grand Rapids' sought-after Fairmount Historic District, this fully leased duplex features two one-bedroom units, off-street parking, a garage, and a fenced backyard. Extensive capital improvements include renovated kitchens and bathrooms in both units with updated flooring, cabinetry, and appliances (2022), hardwood floor refinishing, a new furnace (2022), new roof and exterior siding repairs (2023), attic and exterior remediation and sealing, and a new water heater (2024). These significant investments help reduce near-term maintenance and capital expenditure needs compared to properties requiring similar improvements. Conveniently located near Eastown, East Hills, dining, shopping, and downtown Grand Rapids, this property offers investors established income and long-term value.

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