Grand Rapids, MI 49503,1021-1023 Sheridan SW Avenue
Grand Rapids, MI 49503,1021-1023 Sheridan SW Avenue
Grand Rapids, MI 49503,1021-1023 Sheridan SW Avenue
Grand Rapids, MI 49503,1021-1023 Sheridan SW Avenue
Grand Rapids, MI 49503,1021-1023 Sheridan SW Avenue
Grand Rapids, MI 49503,1021-1023 Sheridan SW Avenue
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$385,000

$400,000

3.8%
Est.Price: ?

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Est. payment /mo

4,600 Sqft Lot


SOLD DATE : 09/25/2024

Key Details

Sold Price $385,000

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 24037018

Sold Date 09/25/24

Year Built 1900

Annual Tax Amount $5,315

Tax Year 2024

Lot Size 4,600 Sqft

Acres 0.11

Lot Dimensions 40x115

Property Description

Great investment opportunity to own a duplex and single family house right next to each other on two separate parcels. All three units are currently rented month-to-month for $4,450 per month. Electric and gas are individually metered for each unit. Water/sewer is shared for all three units. Certificate of compliance issued by the city until 9/23/2026. Take advantage of the cash flow already established and the possibility to sell the properties separately in the future. Or live in one unit and have the other two units pay the mortgage. 1021 is a 4 bedroom, 1 ½ bathroom single family. 1023 is a upper/lower duplex, each with 2 bedrooms and 1 bathroom. Both buildings have new roofs and attic venting in 2022. Tax information is for both parcels - 41-13-36-380-025 and 41-13-36-380-026.

Location

State MI

County Kent

Area Grand Rapids - G

Direction From 131, take Hall St exit, West on Hall St, North on Sheridan to home

Rooms

Basement Full

Interior

Heating Forced Air

Fireplaces Number 2

Exterior

Utilities Available Natural Gas Connected, Electricity Connected

Waterfront No

View Y/N No

Roof Type Composition

Total Parking Spaces 2

Building

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-13-36-380-026

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Charter Properties
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(616) 610-2005

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2401 Camelot Ct SE, Grand Rapids, MI, 49546, USA

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