622 Stanley Terrace NE
Property Description
Great investment opportunity in Grand Rapids! Situated on a quiet cul-de-sac, this tenant-occupied duplex features two units, each offering 2 bedrooms and 1 full bath, with separate electric service for each unit. One unit is currently leased on a month-to-month basis, while the other lease runs through February 2027. Tenant rights apply. Recent 2026 improvements include a new roof, fresh exterior paint on the upper portion of the home, new exterior stairs and upper rear deck, plus a new upper front deck. Enjoy a quiet residential setting while still being within walking distance of downtown Grand Rapids, restaurants, shopping, entertainment, and more. An excellent opportunity for investors looking to add a well-located multi-family property to their portfolio. Please do not disturb tenants. Minimum 48-hour notice required for all showings. Tenant rights apply. Owner is a licensed real estate agent in the State of Michigan.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $384,900 |
| No. of Units: | 2 |
| Year Built: | 1900 |
| Opportunity Zone: | No |
| Price per unit: | $192,450 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-GRARMI-26049352
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