1100 Lincoln Ave Nw, Grand Rapids, MI 49504

Updated, versatile, and packed with potential, this unique 2-unit property offers flexibility for owner-occupants, investors, or multigenerational living. The main unit is currently owner occupied, while the upper unit is leased through March 2027, providing immediate and stable rental income.nIn October 2023, the home was professionally lifted 3 feet and upgraded with a brand-new foundation, new water and sewer lines, 2 new water heaters, and all new ductwork. The result is an impressive lower level that feels more like a daylight basement than a traditional basement space. Featuring 4 egress windows, the lower level includes 2 bedrooms, a full bathroom, living area, and plumbing already in place for a future wet bar or small kitchenette. A separate private exterior entrance adds even more flexibility for extended living space, guest quarters, or future expansion possibilities. The basement is ready for floor coverings, and all city permits have been finalized.nnOutside, the garage will require repair or possible replacement, creating an opportunity for, additional off-street parking, storage, or potential accessory dwelling unit (ADU) possibilities, subject to local approvals.nnnnA rare opportunity to own a property where the major structural and mechanical improvements have already been completed, while still offering significant upside potential for future value and income growth.nListing agent is the owner.