1349 Maude Avenue Ne, Grand Rapids, MI 49505
$120,000
This unique investment property boasts an excellent capitalization rate. Both of its two units have already been approved for housing vouchers, as well as for placement with social organizations such as Community Rebuilders. Both the upper and lower unit are currently rented out to responsible tenants, and the cashflow on the property has been consistent. The high-demand location of this home–just off from Plainfield, in the thriving Creston Business District–adds to its appeal as an investment property. Given the home’s charm and distinctive character traits, as well as its competitive price point, it is likely that it will not stay on the market for long.