$624,500
$629,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
8,015 Sqft Lot
SOLD DATE : 05/31/2022
Key Details
Sold Price $624,500
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 22009361
Sold Date 05/31/22
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1880
Annual Tax Amount $9,042
Tax Year 2022
Lot Size 8,015 Sqft
Acres 0.18
Lot Dimensions Irregular
Property Description
Don't miss out on this great investment opportunity in a prime location and consistently fully rented. This six unit property had a recent exterior facelift with fresh paint and landscaping. Located in the Heritage Hill district it is full of character and charm. Residents enjoy a short stroll downtown for food, shopping, and more. Current leases are below market rate in Grand Rapids, especially for the location, leaving room for a potential increase in income. Containing five 1-bedroom/1-bath units and one studio with full bath, as well as 3 on property parking spaces and plenty of on street parking, this is a fantastic opportunity! Limited showings available; schedule yours today!
Location
State MI
County Kent
Area Grand Rapids - G
Direction East on 196. South on College. Home is on the East side of the road.
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Fireplaces Number 1
Exterior
Garage Concrete, Driveway
Utilities Available Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Natural Gas Connected, Electric Connected
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Parking Type Concrete, Driveway
Total Parking Spaces 3
Building
Sewer Public Sewer
Structure Type Wood Siding,Brick
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-30-252-005
Acceptable Financing Cash
Listing Terms Cash
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "