$1,350,000
Grand Rapids, MI 49503
MLS# 19013332
Status: Sold
1 / 58
Property Description
Amazing opportunity to own 18 studio units in Heritage Hill close to downtown Grand Rapids and college campuses. Over $12,000/M in rent. This beautiful Italianate style apartment building is turn key with many recent capital improvements including roof, boiler, water heaters and exterior paint. Historic charm abounds - tall ceilings, original tile in baths, expansive windows. Easy to rent. On site coin op laundry. Some off-street parking. All units M/M and include all utilities. Rents are well under market rate.
Details
Maps
Location & Property Info
Cross Streets: Fulton St E
Property Sub-Type: 5+ Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 141.53
General Property Info
New Construction: No
Lot Dimensions: 85x121x85x121
Road Frontage: 85
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2020-04-25
Waterfront: No
Basement: Yes
Total # Units: 18
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 10245
Total Parking Spaces: 6
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 10846
Lot Acres: 0.25
Year Built: 1900
Tax Info
Taxable Value: 313902
SEV: 550800
For Tax Year: 2019
Seller's Annual Property Tax: 16238
Tax Year: 2018
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: N/A
Tax ID #: 411430326013
Remarks & Misc
Legal: LOT 1412* STEINMANN S ASSESSOR S PLAT NO 48
Status Change Info
Sold Price/SqFt: 131.77
Under Contract Date: 2019-07-07
Sold Date: 2020-01-31
Sold Price: $1,350,000
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Exterior Material
Stucco: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Hot Water: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Paved: 1
Substructure
Full: 1
Extras
Laundry Facility: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: Studio
SqFt: 0
Occupied: Yes
Monthly Rent: 700
Bathrooms: 1
Dishwasher: 1
Fireplace: 1
Range Oven: 1
Refrigerator: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 17
Street Name: Lafayette
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
OfficeContract Info
Status: Sold
Current Price: $1,350,000
List Price: $1,450,000
Listing Date: 2019-04-09
Remarks Misc
Directions: S Of Fulton
Property Features
Exterior Material: Stucco
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available
Extras: Laundry Facility
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Hot Water
Driveway: Paved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Dishwasher; Fireplace; Range Oven; Refrigerator
Listing Office: Compass Realty Services
Listing Agent: Allison V Koetsier
Last Updated: November - 01 - 2021
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