733 Lafayette Ave NE Grand Rapids, MI 49503
Belknap Lookout NeighborhoodEstimated payment $2,193/month
Highlights
- 1 Fireplace
- High Speed Internet
- 5-minute walk to Coit Park
- Forced Air Heating System
About This Home
Turnkey duplex with reliable rental income in the heart of the desirable Belknap Lookout neighborhood. Situated on a bus route and just minutes from Medical Mile, downtown, restaurants, and parks, this property offers outstanding access to employers and everyday conveniences. Each unit has its own private entrance and separate utilities—featuring a 3 bed/1 bath upper unit and a 2 bed/1 bath lower unit. Both are currently rented, providing immediate cash flow, with tenants covering electric & gas. Already tenant-occupied and professionally managed, this is a seamless investment opportunity with low-maintenance appeal. Perfect for expanding your portfolio or house-hacking. Financials and tenant estoppels available for serious inquiries. Whether you're expanding your portfolio or looking to offset your mortgage with rental income, this property checks all the boxes.
Last Listed By
Greenridge Realty South Haven License #6501420468 Listed on: 05/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,228
Year Built
- Built in 1900
Lot Details
- 6,055 Sq Ft Lot
- Lot Dimensions are 50x121
Parking
- 1 Parking Space
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
Basement
- Walk-Out Basement
- Michigan Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Shared Gas Meter
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- The owner pays for trash collection, water
Community Details
Overview
- 2 Units
- Mohrhard S Second Sub Subdivision
Building Details
- Manager Expense $3,239
- Utility Expense $1,502
- Gross Income $32,560
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,992 | $120,100 | $0 | $0 |
| 2023 | $5,630 | $111,200 | $0 | $0 |
| 2022 | $1,616 | $100,800 | $0 | $0 |
| 2021 | $1,575 | $90,400 | $0 | $0 |
| 2020 | $1,522 | $80,700 | $0 | $0 |
| 2019 | $1,558 | $72,600 | $0 | $0 |
| 2018 | $1,511 | $62,500 | $0 | $0 |
| 2017 | $1,474 | $55,100 | $0 | $0 |
| 2016 | $1,481 | $48,200 | $0 | $0 |
| 2015 | $1,447 | $48,200 | $0 | $0 |
| 2013 | -- | $37,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | For Sale | $299,000 | +9.2% | -- |
| 10/18/2023 10/18/23 | Sold | $273,875 | -2.2% | -- |
| 09/12/2023 09/12/23 | Pending | -- | -- | -- |
| 09/06/2023 09/06/23 | For Sale | $279,900 | +27.3% | -- |
| 01/13/2022 01/13/22 | Sold | $219,900 | 0.0% | -- |
| 10/29/2021 10/29/21 | Pending | -- | -- | -- |
| 10/11/2021 10/11/21 | For Sale | -- | -- | -- |
| 07/19/2021 07/19/21 | Pending | -- | -- | -- |
| 07/19/2021 07/19/21 | For Sale | -- | -- | -- |
| 07/14/2021 07/14/21 | Off Market | $219,900 | -- | -- |
| 07/02/2021 07/02/21 | For Sale | $219,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $273,875 | Chicago Title | |
| Warranty Deed | $219,900 | Sun Title | |
| Deed | -- | -- | |
| Deed | $7,400 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $205,406 | New Conventional | |
| Previous Owner | $175,920 | New Conventional |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25024555
APN: 41-14-19-327-031
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