$200,000
$225,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
6,050 Sqft Lot
SOLD DATE : 09/09/2024
Key Details
Sold Price $200,000
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 24015907
Sold Date 09/09/24
Year Built 1890
Annual Tax Amount $1,509
Tax Year 2024
Lot Size 6,050 Sqft
Acres 0.14
Lot Dimensions 50' x 121'
Property Description
Wow!! Cash flowing investment property for under 250k! 2 Units. Unit 1: Upper: 2 bedroom, 1 bath, current rent is $1,200 per month. Unit: 2 Lower: 2 bedrooms, 1 bath current rent is $1,500 per month. Total rents are $2,700 per month!! Off-Street parking off alley. property is located near major bus routes. Walking distance to Coit Arts Academy, Medical Mile, Downtown GR, and Colleges. Tenant's rights apply. 24 hour notice for showings required. Pre approval or proof of funds required by seller before any showings are approved. Seller has 2 other 2 family units for sale as well. MLS 24015903 & MLS 24015981.
Location
State MI
County Kent
Area Grand Rapids - G
Direction Take Lafayette north off Michigan or South off Leonard to property. Park on Lafayette.
Rooms
Basement Michigan Basement
Interior
Heating Hot Water, Space Heater
Fireplaces Number 1
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Storm Sewer, Broadband
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 4
Building
Lot Description Level, Sidewalk
Sewer Public Sewer
Structure Type Shingle Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-19-327-033
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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