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    1220 Lafayette Ave SE Grand Rapids, MI 49507

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    For Sale
    $239,900

    Charming duplex near US-131, ideal for investors or owner-occupants.

    Lot size:
    0.11 Acres

    Property Features for 1220 Lafayette Ave SE

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1900

    Source: Five Star Real Estate (Grandv) Agent Roberto Rodriguez-Leon

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

    Overview

    Grand Rapids Duplex Investment Opportunity

    This charming duplex is located in a convenient location near US-131. The property features two spacious units, each with 3 bedrooms and 1 bathroom. The exterior includes vinyl siding and replacement windows. A new roof has been installed. The lower unit is currently occupied by a long-term tenant on a month-to-month lease at $1,960 per month, with a rent increase in progress. The upper unit includes a new furnace and water heater. Shared laundry facilities are available in the basement. The property features a fully fenced backyard. Off-street parking is available. The property presents a solid cash-flow opportunity with potential for value-add improvements. The rental certificate is valid through May 11, 2028.
    Location Intelligence

    Current Use by Public Records

    Amta Lodging

    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
    -85.6610491
    Latitude
    42.9407448

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    FAQs

    What type of property is this?
    Duplex - Charming duplex near US-131, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 1220 Lafayette Ave SE Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - Solid cash-flow opportunity with potential for increased rental income.; - Convenient location near US-131 with strong rental demand.; - Two spacious 3 bed, 1 bath units.
    (616) 828-9974
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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
    1220 Lafayette Ave SE Grand Rapids, MI 49507
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