$575,000
$599,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 06/13/2025
Key Details
Sold Price $575,000
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 25013671
Sold Date 06/13/25
Year Built 1972
Annual Tax Amount $7,590
Tax Year 2024
Lot Size 0.275 Acres
Acres 0.28
Lot Dimensions 80x150
Property Sub-Type 2 to 4 Units
Property Description
Check out this fully renovated 4-unit property in Grand Rapids with strong cash flow. Each unit offers 2 beds, 1 bath, and approx. 774 sq ft. Updates in 2022 include new kitchens, baths, appliances, flooring, paint, lighting, 3 new HVAC systems, water heaters, sliding doors, and decks. The property also features shared digital laundry by wash.com, 8 parking spaces, and a storage shed. This property is fully occupied with current gross rents of $5,270.00/month. Owner covers lawn care, snow, gas, water/sewer, and common utilities. Seller is open to creative offers with 25% down and a 2-3 year balloon. Rent roll and T12 are available with a signed confidentiality agreement. Showings after accepted offer. Contact Brett with any interest or for more information.
Location
State MI
County Kent
Area Grand Rapids - G
Direction North on Stuart Ave SE turn right off Langley St SE
Rooms
Basement Full, Walk-Out Access
Interior
Interior Features Broadband
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Laundry Common Area
Exterior
Parking Features Asphalt, Driveway
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 8
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Aluminum Siding,Brick
New Construction No
Schools
School District Kentwood
Others
Tax ID 41-18-20-477-025
Acceptable Financing VA Loan, FHA, Cash, Conventional, Contract
Listing Terms VA Loan, FHA, Cash, Conventional, Contract
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