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Key Details
Sold Price $425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024043407
Sold Date 03/06/25
Bedrooms 4
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1936
Annual Tax Amount $3,976
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 54x195
Property Description
Great opportunity! 4 units that has been flawlessly maintained by retiring owner for over 40 years. Metal roof on front 7-8 years old, shingled portion replaced November 2024. 2 newer furnaces- 3 years. 4 new water heaters. Lots of laminate flooring, building + units all show nice. Low current rents, however all units have leases up soon. Projected market rents of $4700. Unit 1 could be 2 br = $1,200, #2 1 br = $1,000, #3 1 br = $1,000, #4 could be 3 br = $1,500. Separate gas + electric. Parking lot recently repaved w/8 spots. Fenced back yard 195' lot. City compliance thru 7/29/25. Many new windows. Unit 1 (to left main entrance) lr, kit, ea, br, ba, br, mud room, mechanicals, both brs have WIC, walk in pantry, new windows 2024, updated ba, vaulted ceilings. Unit 2 1st floor back, lr,kit, ea, 1 br, ba, furnace Unit 3 1st on right Lr, kit, ea, br, ba, play area Unit 4 up lr, lg kit, br w/wic, dormer br
Location
State MI
County Kent
Area Grand Rapids
Zoning Other
Direction N off of Leonard to Spencer to home
Interior
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Roof Type Composition,Metal
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Foundation Slab
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
Water Public (Municipal), Water at Street
Structure Type Block,Vinyl
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411417302037
Ownership Private Owned
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
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Bought with RE/MAX of Grand Rapids (FH)