$1,300,000
Grand Rapids, MI 49503
MLS# 19025734
Status: Sold
1 / 26
Property Description
Iconic heritage hill 14 unit property for sale. These two 7 unit all brick buildings are comprised of large 2 bedroom units. With prime location and increasing area rents this investment offering will supply a solid return. The buildings major mechanical's, interior, exterior and grounds have been meticulously kept. This is a landmark property and a profitable investment. Message us for a private showing.
Details
Maps
Location Property Info
County: Kent
Street #: 447
Street Name: Wealthy
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49503
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $1,300,000
List Price: $1,350,000
Listing Date: 2019-06-07
General Property Info
Lot Measurement: Acres
Lot Square Footage: 6534
Lot Acres: 0.15
Lot Dimensions: .15
Year Built: 1923
New Construction: No
Cert of Compliance: Yes
Road Frontage: 180
Total # Units: 14
# of Diff Unit Floor Plans: 3
Total # Bldgs: 2
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 411430452039
Taxable Value: 222865
SEV: 466900
For Tax Year: 2019
Seller's Annual Property Tax: 11529
Tax Year: 2018
Spec Assessment & Ty: N/A
Zoning: TBA
Remarks Misc
Directions: From US-131, East on Wealthy Street, just past Morris.
Status Change Info
Under Contract Date: 2019-06-20
Sold Date: 2019-07-17
Sold Price: $1,300,000
Access Feat
Accessibility Features: No
Unit 1
Unit Description: 447 Wealthy unit 1
SqFt: 1000
Occupied: Yes
Monthly Rent: 895
Bedrooms: 2
Bathrooms: 2
Unit 2
Unit Description: 447 wealthy unit 2-7
SqFt: 800
Occupied: Yes
Monthly Rent: 910
Bedrooms: 2
Bathrooms: 2
Unit 3
Unit Description: 353 College unit 1-7
SqFt: 900
Occupied: Yes
Monthly Rent: 980
Bedrooms: 2
Bathrooms: 2
Property Features
Exterior Material: Brick
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: High Speed Internet; Public Sewer; Storm Sewer
Extras: Laundry Facility; Sep Electric Meter; Sep Gas Meter; Tenant Storage
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric; Trash
Heat Source: Natural Gas
Heat Type: Radiant
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Listing Office: Bluhouse Properties LLC - I
Listing Agent: Ryan Ogle
Last Updated: November - 26 - 2022
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