For Sale: Grand Rapids MLS# 6652316
Active Contingent
$209,000
Multi-family: Duplex Up and Down
Built 1952
1,880 sqft • 0.15 acres
Grand Rapids schools
MLS# 6652316
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Property Description
Fantastic Opportunity to Live, Earn, and Enjoy â?? All in One Place!
Have you ever dreamed of living in your very own Airbnb while having an additional apartment upstairs to help minimize your mortgage? If so, this property is perfect for you!
This meticulously maintained duplex is currently being run as an Airbnb on the main level, with an additional apartment upstairs that could generate $850+ per month in rental income. Are you an investor looking to expand your portfolio? Keep the setup as it is and enjoy steady cash flow.
The main level features two bedrooms, one full bathroom, and an open-concept kitchen, living, and dining area. It also includes a basement with a washer and dryer, as well as a versatile flex space that can be used for storage or as a potential playroom.
The upstairs apartment has a private entrance at the back and includes a kitchen, two bedrooms, one full bathroom, and a cozy living area.
The property also boasts a detached garage and a freshly built pergola adorned with string lights, creating a warm and inviting path to your home.
Move-in ready and offering flexibility, this duplex is ideal for owner-occupants who want to rent one unit or for investors seeking a combination of Airbnb and long-term rental income. Donâ??t miss your chance to own this income-generating gem.
Listing
Listing Status:
Active Contingent
Contingency:
Subject to Financing
List Price:
$209,000
Price per sq ft:
$111
Property Type:
Multi-family
City:
Grand Rapids
Garage Spaces:
1
County:
Itasca
Year Built:
1952
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55744
Subdivision Name:
Grand Rapids Second Div
Interior
Finished Area:
1,880 ft2
Living Area:
1,880 ft2
Basement Details:
- Block
- Full
Exterior
Stories:
Two
Garage Spaces:
1
Garage Dimensions:
21x13
Garage Size:
344 ft2
Foundation Size:
720 ft2
Foundation Dimensions:
24x30
Handicap Accessible:
Wheelchair Ramp(s)
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.15
Geolocation:
47.237555, -93.539331
Lot Dimensions:
45 x 143 x 45 x 143
Zoning:
Residential-Multi-Family
Schools
School District:
318
District Phone:
218-327-5704
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$600
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,259
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,304
Income
Annual Gross Income:
$10,200
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of EDGE OF THE WILDERNESS REALTY.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.