1705 Diamond Avenue NE
Grand Rapids, MI 49505

TURN-KEY, HIGH CASH FLOW & RETURN - This Mid-Century duplex has a no-vacancy history with high cash flowing rents. City Certification received Summer 2021. Existing tenants in place on month-to-month $1150/mo leases wanting to stay yet flexible to move within 30 days if needed. Rents have not been increased in 2 years (projected market rents approx. $1350/unit). With this duplex and month-to-month lease flexibility, you could live in one unit, and rent the other and have a ~$200/mo living expense (with only 5% down min.). Possession can be had at closing. 9 year old roof, new furnace recently installed, deck painted in July, and no basement - providing easy, low maintenance management. Each unit features floor to ceiling coated brick fireplaces, central AC, split utilities, in-unit laundry, and 2 bedrooms, 1 bathroom with master suite setups. Upper unit has cathedral ceilings and picture windows. Both units have 2 off street parking spaces with carport, along with individual storage closets in carport. An additional storage shed is located in back. Electric and gas are split to each unit and tenants pay individually. Owner pays for water, trash and cares for lawn and snow. Buyer to verify all information. Seller is a licensed Realtor in the State of Michigan.