1215 Lake Drive SE
Property Description
Welcome to 1211-1215 Lake Dr! A rare opportunity for investors and owner-occupants in one of Grand Rapids' most walkable and desirable neighborhoods! This character-filled two-unit property combines immediate rental income, a vacant unit ready for occupancy and exciting future expansion potential. The vacant upper unit features two bedrooms, one full bath, beautiful hardwood floors, abundant natural light and spacious living and dining areas. It also enjoys its own private covered front porch and rear deck. Above the unit, an expansive 996-square-foot unfinished attic presents remarkable potential for additional living space, subject to necessary approvals. The occupied lower unit offers two bedrooms and one full bath, hardwood floors, generously sized living areas and a functional kitchen. It also has direct access to a private deck and fully fenced backyard, creating a valuable outdoor retreat. The lower unit is currently rented for $1,655 per month on a month-to-month basis. Additional features include off-street parking and a shared basement with laundry and storage space. Located within easy walking distance of Eastown, the Cherry Street business district, Fulton Street Farmers Market, restaurants, shops and neighborhood amenities. Live in the vacant upper unit while collecting rent below, lease both units, or explore the property's long-term potential-this is a flexible opportunity in a location tenants and homeowners love.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $499,900 |
| No. of Units: | 2 |
| Year Built: | 1910 |
| Opportunity Zone: | No |
| Price per unit: | $249,950 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-GRARMI-26045423
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