$385,000
$400,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
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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