Tenant-Occupied
New
For Sale
$275,500
956 Hovey St SW, Grand Rapids, MI 49504
Both residences are occupied, and the property carries a rental certificate valid through December 2030.
Property SizeContact for details
Days on Market5
Property Features for 956 Hovey St SW
General Information
Standard status
Active
Property subtype
Investment
Zoning
TN-LDR
Occupancy
100%
Financials
Gross Income
$29,640
Average Monthly Rent
$1,235
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,286
Building Details
Year Built
1941
Buildings
1
Units
2
Listed By:
Danielle R DeSmit
(616) 299-3067
Source:
Elliman
Added: Oct 7
Last Checked: Oct 11 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Danielle R DeSmit
Investment Insights
Based on property information with market context.
This 1941 duplex contains two rental units, both currently occupied. The property has a City of Grand Rapids Rental Certificate that remains valid through December 2030 and is zoned TN-LDR.
A detached garage was previously located on the property. Any future garage, accessory dwelling unit, or other development would require applicable city and other approvals; no future use is assured. The property is in Grand Rapids, near downtown, shopping, restaurants, and area amenities.
A detached garage was previously located on the property. Any future garage, accessory dwelling unit, or other development would require applicable city and other approvals; no future use is assured. The property is in Grand Rapids, near downtown, shopping, restaurants, and area amenities.
Key Highlights
- Two rental units, both currently tenant occupied
- City of Grand Rapids Rental Certificate valid through December 2030
- Zoned TN‑LDR
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
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Business Placement
Demographics for 49504, MI
41,249
Population
18,830
Households
2.2
Avg Household Size
33
Median Age
39%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
3,716
Density / Sq Mi
$68,326
Median Household Income
$41,138
Median Earnings
$1,145
Median Rent
$222,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, and the property carries a rental certificate valid through December 2030.
Where is this duplex located?
The property is located at 956 Hovey St SW Grand Rapids, MI.
What is the asking price?
The asking price for this property is $275,500.
What are key features of this property?
This property features: Two rental units, both currently tenant occupied; City of Grand Rapids Rental Certificate valid through December 2030; Zoned TN‑LDR
