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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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623 Lane Ave NW Unit 625 , Grand Rapids, MI 49504
$305,000
Est. Payment: $1,570.60/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 37
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House Description

Rare investment opportunity featuring two homes on one lot currently rented for $2,600+ but with room to boost rents. The front house is 4 beds and 2 baths with great long term tenant paying $1,300 and solid mechanicals. The back house is 3 bed 1 bath with tenants in place paying $1,320. Market rents around $1,800 for front house and $1,600 for back house for a total of $3,400. This property on the booming West Side is a great addition to any investor's portfolio with proven rental history and multiple income streams. Whether you're a seasoned investor or looking to start building wealth through real estate, this income-producing property offers excellent upside and long-term value.

Highlights

Listed by Connor Anderson , 616-648-6353 ReSIDE Grand Rapids , 616-419-9637. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1905

County

Kent

School District

Grand Rapids

Listing ID

26031290

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Michigan Basement

Exterior Features

Lot:Wooded
Garage Capacity:2
Sewer:Public Sewer
Parking Features:Concrete,Driveway,Paved
Principal Interest
$1,571
Taxes
$749

Home Price

$305,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$61,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,570.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,570.60 $749.17 $0.00 $2,319.76
Yearly $18,847.15 $8,990.00 $0.00 $27,837.15
Total $565,414.49 $269,700.00 $0.00 $835,114.49
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-02T23:53:55.000Z

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