Skip To Content

3339 Lake Drive SE

Grand Rapids, MI 49506
  • $615,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: 22050688
Price Reduced
UPDATED: 11 min ago
$615,000
  • 8
    BEDS
  • 0.5
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,699
    SQFT
  • $228
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:

School Ratings & Info

School District:

Description

Extremely rare opportunity to own an 8 bedroom duplex by the North entrance to Calvin University. Each unit containing 4 bedrooms and 1.5 baths respectively. The property has been completely updated to appeal to renters' enjoyment, as well as, to create a low maintenance asset for the owner. Currently rented out for $5,800 per month. Formally located in the city of Grand Rapids. However, only 3 parcels away from East Grand Rapids and just minutes down the road to Gas light village. Current leases expire in May of 2023 and June of 2023. Tenants wish to remain for their entire lease terms. This location has a very strong rental history. Please see attached document for comprehensive list of updates. Please see attached historic survey for legal and easement.

Monthly Payment Calculator

© 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2023-02-01T08:00:28.357.
www.grandrapidsmihomesforsale.com/homes/135411788
Print Image

3339 Lake Drive SE Grand Rapids, MI 49506

  • Price: $615,000
  • Status: Active
  • On Site: 48 Days
  • Updated: 11 min ago
  • MLS #: 22050688
8
Beds
4
Baths
0
½ Baths
0.5
Acres
2,699
SQFT
$228
$/SQFT
1985
Built
Neighborhood:
City Of Grand Rapids
County:
Kent
Area:
G41 - Kent County
School District:
Grand Rapids
Property Description
Extremely rare opportunity to own an 8 bedroom duplex by the North entrance to Calvin University. Each unit containing 4 bedrooms and 1.5 baths respectively. The property has been completely updated to appeal to renters' enjoyment, as well as, to create a low maintenance asset for the owner. Currently rented out for $5,800 per month. Formally located in the city of Grand Rapids. However, only 3 parcels away from East Grand Rapids and just minutes down the road to Gas light village. Current leases expire in May of 2023 and June of 2023. Tenants wish to remain for their entire lease terms. This location has a very strong rental history. Please see attached document for comprehensive list of updates. Please see attached historic survey for legal and easement.
Exterior Features

Driveway GravelPaved Exterior Material Vinyl Siding Lot Dimensions 180X147x162x147 Number Of Buildings 1.00 Parking Spaces 8.0000 Road Frontage 180.00 Roofing Composition Street Type Paved Substructure Slab Water Access No Waterfront No

Interior Features

Air Conditioning Window Unit(S) Basement No Extras Garages Heat Source Natural Gas Heat Type Hot Water Sq Ft Unit1 1411.00 Sq Ft Unit2 1288.00 Sq Ft Unit3 0.00 Sq Ft Unit4 0.00 Unit1 Full Baths 1 Unit1 Half Baths 1 Unit2 Full Baths 1 Unit2 Half Baths 1 Unit3 Full Baths 0 Unit3 Half Baths 0 Unit4 Full Baths 0 Unit4 Half Baths 0

Property Features

Annual Property Tax 4269.00 Association Greater Regional Alliance Of Realtors Auction Or For Sale For Sale Homestead Percentage 0.00 Mineral Rights Unknown Multifamily Type 2 To 4 Units New Construction No Owner Pays None Possession Subject To Tenant Rights Rent Unit1 3000.00 Rent Unit2 2800.00 Rent Unit3 0.00 Rent Unit4 0.00 Sale Conditions None Sewer Public Tax Year 2022 Tenant Pays ElectricGasSewerTrashWater Terms Available CashConventional Unit1 DishwasherGarageRange OvenRefrigeratorWasher/Dryer Unit2 DishwasherGarageRange/OvenRefrigeratorWasher/Dryer Util Avl At Street CableElectricNatural GasPublic SewerPublic Water Utilities Attached CableElectricNatural Gas Water Public Zoning 401

Listing provided courtesy of Lucas Fetterhoff of Jh Realty Partners: (616) 682-2820. © 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2023-02-01T08:00:28.357.
 
https://bt-photos.global.ssl.fastly.net/swmich/1280_boomver_1_22050688-2.jpg https://bt-photos.global.ssl.fastly.net/swmich/1280_boomver_1_22050688-2.jpg https://bt-photos.global.ssl.fastly.net/swmich/1280_boomver_1_22050688-2.jpg
Logo
JH Realty Partners
545 Ada Drive
Ada MI, 49301