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    1149 Jefferson Ave SE Grand Rapids, MI 49507

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    For Sale
    $314,900

    Turnkey two-unit property with new upgrades and immediate rental income.

    Lot size:
    0.15 Acres

    Property Features for 1149 Jefferson Ave SE

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1900

    Source: Lake Michigan Realty Mgmt Agent Javier Rodriguez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Upgraded Two-Unit Multifamily Property

    This upgraded two-unit property features new vinyl siding, roof, and water heater. The lower unit includes 2 bedrooms, 1 bathroom, and a bonus backroom/mudroom. Both units are currently leased, providing immediate rental income. The upper unit features 3 bedrooms and 1 bathroom. The property is suitable for those seeking a well-maintained property with practical living spaces and contemporary amenities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.664239
    Latitude
    42.9423702

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    FAQs

    What type of property is this?
    Duplex - Turnkey two-unit property with new upgrades and immediate rental income.
    Where is this duplex located?
    The property is located at 1149 Jefferson Ave SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $314,900.
    What are key features of this property?
    This property features: - Turnkey property with active leases in both units for immediate rental income.; - New vinyl siding, roof, and water heater for enhanced durability and low maintenance.; - Lower unit: **2 bedrooms, 1 bath with bonus backroom/mudroom.**
    (616) 559-7979
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    1149 Jefferson Ave SE Grand Rapids, MI 49507
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    Grand Rapids, MI 49507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1149 Jefferson Ave SE Grand Rapids, MI 49507
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