330 54th Street

330 54th Street Wyoming, Michigan 49509 United States

Introducing 330 54th St., Southwest Wyoming, MI 49509 - a very nice home on a double lot. Please be advised that this Home has been an investment property for over 10 years. The pictures here are NOT current pictures but rather the picture of the state of the home when tenant(s) took possession over 10 years ago.Introducing 330 54th St., Southwest Wyoming, MI - a prime investment opportunity! This spacious 1,300+ sq. ft. home on a double lot, located across from major retailers, boasts a ''hard corner'' position. Introducing 330 54th St., Southwest Wyoming, MI 49509 - a very nice home on a double lot. Moreover, this home represents an exceptional investment opportunity in a prime commercialized location, directly across from Walmart, Home Depot, Aldi's, Discount Tire, Culvers, and Wendy's. This property, currently serving as an investment with a market rental rate upon completion of renovations of $1,800, boasts a "hard corner" location on a double-sized lot (1/3 of an acre) at the intersection of 54th St. and Crippen.Grand Rapids, Michigan's thriving economy and substantial growth have led to a shortage of in excess of 20,000 housing units, making this property an attractive residential option. The value of this home has seen substantial appreciation due to its desirable location and the area's recognition as a top 10 place for retirement, business startups, families, and job seekers.Owned by investors for neatly 15 years, the decision to sell this property at residential house prices is driven by the current economic climate. While the land under the home is expected to gain substantial value in the long term, the sellers understand the current commercial market conditions and have set an aggressive asking price of a residential home at just $244,000. In addition the sellers are offering this home inclusive of a generous $10,000 renovation allowance to restore it to its prior condition as shown in the interior pictures.This 1,300+ sq. ft. slab-on-grade home features three bedrooms, living room, kitchen, laundry room, an attached two-stall garage, and a spacious interior. The double-sized lot adds further appeal and potential for future development. Nearby comparable homes on single lots have recently listed for $250,000 and been under contract in less than two weeks, emphasizing the excellent value offered here.Whether you're an investor seeking potential commercial appreciation or a homeowner looking for an excellent deal with renovation possibilities, this property caters to both needs. The current tenant and the listing agent, will accompany you during open houses and showings.Take advantage of this opportunity and schedule your showing 24 hours in advance. Don't miss out on this investment gem with the promise of future growth and value!--

Listing Courtesy of VENTURE REAL ESTATE GROUP, MICHRIC MLS

09/05/20 13:13:24