$275,500
Grand Rapids, MI 49504
MLS# 26052856
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Property Description
INVESTORS—THIS ONE IS READY TO GO! This fully rented Grand Rapids duplex offers immediate income with both units currently occupied and a City of Grand Rapids Rental Certificate valid through December 2030. But the opportunity may not stop there! The property previously had a detached garage and is zoned TN-LDR, creating an exciting opportunity to explore the potential for a future garage with an Accessory Dwelling Unit (ADU) or other permitted configuration. Two existing rental units today with the possibility of exploring additional living or rental space tomorrow! Any future ADU, garage, additional dwelling, or development is not guaranteed and is subject to City of Grand Rapids and other required approvals. Buyer and buyer's agent to verify all information, zoning, permitted uses, requirements, and approvals and complete their own due diligence regarding any intended future use. Conveniently located near downtown Grand Rapids, shopping, restaurants, and area amenities. Whether
Details
Documents
Location & Property Info
Cross Streets: Lane & Hovey
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 66x92
Road Frontage: 66
Cert of Compliance: No
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 6072
Lot Acres: 0.13
Year Built: 1941
Tax Info
Taxable Value: 46672
SEV: 156700
For Tax Year: 2026
Seller's Annual Property Tax: 2286
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: N/A
Tax ID #: 41-13-26-430-001
Remarks & Misc
Public Remarks: INVESTORS—THIS ONE IS READY TO GO! This fully rented Grand Rapids duplex offers immediate income with both units currently occupied and a City of Grand Rapids Rental Certificate valid through December 2030. But the opportunity may not stop there! The property previously had a detached garage and is zoned TN-LDR, creating an exciting opportunity to explore the potential for a future garage with an Accessory Dwelling Unit (ADU) or other permitted configuration. Two existing rental units today with the possibility of exploring additional living or rental space tomorrow! Any future ADU, garage, additional dwelling, or development is not guaranteed and is subject to City of Grand Rapids and other required approvals. Buyer and buyer's agent to verify all information, zoning, permitted uses, requirements, and approvals and complete their own due diligence regarding any intended future use. Conveniently located near downtown Grand Rapids, shopping, restaurants, and area amenities. Whether
Legal: N 92 FT OF LOT 4 BLK 29* SHEPARD S ADDITION
Street Type
Paved: 1
Util Avail at Street
Natural Gas Available: 1
Phone Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
Exterior Material
Aluminum Siding: 1
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Paved: 1
Substructure
Full: 1
Owner Pays
None: 1
Unit 1
Unit Description: lower
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: upper
Occupied: Yes
Monthly Rent: 1320
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 956
Street Name: Hovey
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49504
Zip (4): 6263
OfficeContract Info
Status: Active
Current Price: $275,500
List Price: $275,500
Listing Date: 2026-10-05
Property Features
Exterior Material: Aluminum Siding; Vinyl Siding
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Natural Gas Available; Phone Available
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Paved
Street Type: Paved
Terms Available: Cash; Conventional; FHA
Possession: Close Of Escrow
Sale Conditions: None
Supplements
Both units are currently tenant occupied with a combined monthly rental income of $2,470. Unit 1: $1,150/month with lease in place through October 2027. Unit 2: $1,320/month with lease in place through May 1, 2027.
Sellers Disclosure 
Listing Office: Apex Realty Group
Listing Agent: Danielle R DeSmit
Last Updated: October - 05 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.