$620,000
$637,900
2.8%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 08/01/2024
Key Details
Sold Price $620,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 24022966
Sold Date 08/01/24
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1961
Annual Tax Amount $4,552
Tax Year 2024
Lot Size 0.275 Acres
Acres 0.28
Lot Dimensions 109x110
Property Description
**Prime Investment Opportunity for investor or owner occupant in Grand Rapids NE** Explore this exceptional 4-unit townhouse apartment building boasting a captivating mid-century modern aesthetic. Constructed with durability in mind, including solid concrete dividing walls, this property promises lasting quality. Each unit features a consistent layout comprising 2 bedrooms, 1 bath, and full basements complete with laundry hookups. The basements offer potential for expansion or additional amenities, ideal for customizing to suit tenant needs. Benefit from numerous updates throughout, ensuring low-maintenance upkeep. The property includes four convenient carport stalls, one per unit, enhancing tenant convenience and appeal. Located in close proximity to downtown Grand Rapids amidst a backdr op of exciting upcoming developments, this property presents an enticing investment opportunity. All tenants are currently on month-to-month leases with $1290/Month on each units, providing flexibility for new ownership. Viewings are limited during open houses to respect tenants' privacy, with full access granted post-accepted offer or during inspection, minimizing disruption. Whether you're an investor seeking to diversify your portfolio or an owner-occupant looking for a sound investment, this property is not to be missed. Schedule your viewing today! Photos are from similar units before tenant move in. Please do not distrub the tenants. Seller to review all offer on 5/20 at 7 pm.
Seller is a Licensed real estate broker in the State Of Michigan. op of exciting upcoming developments, this property presents an enticing investment opportunity. All tenants are currently on month-to-month leases with $1290/Month on each units, providing flexibility for new ownership. Viewings are limited during open houses to respect tenants' privacy, with full access granted post-accepted offer or during inspection, minimizing disruption. Whether you're an investor seeking to diversify your portfolio or an owner-occupant looking for a sound investment, this property is not to be missed. Schedule your viewing today! Photos are from similar units before tenant move in. Please do not distrub the tenants. Seller to review all offer on 5/20 at 7 pm.
Seller is a Licensed real estate broker in the State Of Michigan.
Location
State MI
County Kent
Area Grand Rapids - G
Direction From Leonard take Northfield N
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplaces Number 1
Exterior
Garage Asphalt, Driveway, Paved
Utilities Available Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Cable Connected, Storm Sewer
Waterfront No
View Y/N No
Street Surface Paved
Parking Type Asphalt, Driveway, Paved
Total Parking Spaces 4
Building
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-17-352-025
Acceptable Financing VA Loan, FHA, Cash, Conventional
Listing Terms VA Loan, FHA, Cash, Conventional
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