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Foundry Real Estate Partners, Inc
921 Fairmount Street SE, Grand Rapids, MI 49506
- $344,900
- List Price
- $344,900
- Price Change
- ▼ $20,000 1790832588
- Days on Market
- 246
- MLS#
- 26008983
- Status
- ACTIVE
- Type
- Multifamily
Property Description
Substantial capital improvements, established rental income, and a desirable historic location make 921 Fairmount Street SE an attractive investment opportunity. Located in Grand Rapids' sought-after Fairmount Historic District, this fully leased duplex features two one-bedroom units, off-street parking, a garage, and a fenced backyard. Extensive capital improvements include renovated kitchens and bathrooms in both units with updated flooring, cabinetry, and appliances (2022), hardwood floor refinishing, a new furnace (2022), new roof and exterior siding repairs (2023), attic and exterior remediation and sealing, and a new water heater (2024). These significant investments help reduce near-term maintenance and capital expenditure needs compared to properties requiring similar improvements. Conveniently located near Eastown, East Hills, dining, shopping, and downtown Grand Rapids, this property offers investors established income and long-term value.
Additional Information
- Owner Pays
- Sewer, Trash Collection, Water
- Taxes
- $7,007
- Acres
- 0.08
- Basement
- Crawl Space, Full, Michigan Basement
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 2
- Utilities
- Cable Connected, Natural Gas Connected, Electricity Connected, Phone Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Julie A ONeill from Listing Office: 616 Realty LLC.
© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .