Homes for sale - 1899 Palace SW Avenue, Grand Rapids, MI 49507

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Jerry Emig

jerry@stclair-realty.com +1(810) 531-6211

$ 227,900

Est. payment -/mo

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Price Dropped by $7K

1899 Palace SW Avenue Grand Rapids, MI 49507

5,227 Sqft Lot

UPDATED:

09/18/2024 01:17 PM

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 24041905

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 - G

Direction Burton St to Palace Av, north on Palace to property

Rooms

Basement Michigan Basement

Interior

Heating Forced Air

Cooling None

Fireplaces Number 1

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Water Available, Sewer Available, Storm Sewer, Broadband

Waterfront No

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 2

Building

Lot Description Level, Sidewalk

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-17-01-452-051

Acceptable Financing FHA, Cash, Conventional

Listing Terms FHA, Cash, Conventional

Listed by United Realty Services LLC

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Jerry Emig

+1(810) 531-6211

Broker | License ID: 6502432722

Broker License ID: 6502432722