$219,900
1899 Palace Avenue Grand Rapids, MI 49507-2371
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$219,900
Est. payment /mo
5,227 Sqft Lot
Price Dropped by $8K
1899 Palace Avenue Grand Rapids, MI 49507-2371
UPDATED:
11/22/2024 05:07 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70424361
Year Built 1895
Annual Tax Amount $66,200
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40*131
Property Description
Investment Opportunity! Enjoy a combined rent of $2,295 with this occupied property, with tenants in-place until 2025. Professionally managed by a reputable property management company, offering a seamless transition to a new owner if interested. Features include a new furnace (2022) and city certification until 09/27/2027, vinyl siding and replacement windows. Situated in a great location within a strong rental market and close to amenities. Don't miss this chance to capitalize on strong rental demand and rising property values in Grand Rapids! Both units are occupied: Unit #1 is rented for $1,295/month until 03/31/25, and Unit #2 is rented for $1,000/month until 05/31/25
Location
State MI
County Kent
Area Grand Rapids (41032)
Zoning Residential
Rooms
Basement MI Basement
Interior
Heating Forced Air
Cooling None
Exterior
Exterior Feature Vinyl Siding
Waterfront No
Building
Lot Description Sidewalks
Foundation Basement
Water Public Water
Structure Type Vinyl Siding
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional,FHA
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by United Realty Services LLC
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