1899 Palace Avenue SW, Grand Rapids, MI 49507
$198,500 - Sold
- MLS#: 23022166
- Number of Units: 2
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1895
- Basement: Yes
- Air: None
- Lot Size: 40x131
- Square Footage: 0
- Exterior: Vinyl Siding
- Water: Public
- Acreage: .12
- Heat: Forced Air/Natural Gas
- PPN: 41-17-01-452-051
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Natural Gas
- Utilities Available at Street: Broadband,Cable,Electric,Natural Gas,Public Sewer,Public Water,Storm Sewer,Telephone Line
- Extras: None
- Lot Description: Level,Sidewalk
- Frontage/Type: 40 / Street, 0 / Water
- Terms: Cash, Conventional, FHA
- Original Price: $189,900
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: North off Burton, Bet. US131 and Buchanan.
- Property Description: Investment Opportunity! Combined rent of $2,175. This property guarantees excellent cash flow. It has been professionally managed by reputable property management company to ensure the property has been well maintained. Upgrades throughout both units attract quality tenants, ensuring consistent rental income. New furnace (2022) and city certificate valid until 11/20/2024. Prime location in a growing rental market with amenities nearby. Don't miss out! Take advantage now of the strong rental demand combined with increasing property values in Grand Rapids! Easy turn-key option with current management company is available. Owner pays utilities. BOTH UNITS OCCUPIED: Unit #1: $1225, renewed 8/1/23-7/31/24 and Unit #2: $950/mo leased until 5/31/24.
- Commission Offered:
- Buyer Agency: 3.00 % Sub Agency: 2.00 % Transaction Coordinator: 1.00 %
- Disclaimer: The listing broker's offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
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