$689,900
Grand Rapids, MI 49503
MLS# 25052945
Status: Pending
1 / 39
Property Description
Great investment opportunity with this Cherry Hill 5 unit property! All units are 1 bedroom/1 bathroom and bringing in a total of 6,815/month in rent. The property also offers amble off street parking! Conveniently located to Medical Mile, downtown Grand Rapids, shopping, nightlife, local coffee shops, and restaurants. Call today to set up a showing and add to your investment portfolio!
Details
Maps
Location & Property Info
Cross Streets: Cherry and Union
Property Sub-Type: 5+ Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 64x264
Road Frontage: 64
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 1
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 16901
Lot Acres: 0.39
Year Built: 1875
Tax Info
Taxable Value: 320434
SEV: 321100
For Tax Year: 2025
Seller's Annual Property Tax: 16500
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: RES
Tax ID #: 41-14-30-432-039
Remarks & Misc
Public Remarks: Great investment opportunity with this Cherry Hill 5 unit property! All units are 1 bedroom/1 bathroom and bringing in a total of 6,815/month in rent. The property also offers amble off street parking! Conveniently located to Medical Mile, downtown Grand Rapids, shopping, nightlife, local coffee shops, and restaurants. Call today to set up a showing and add to your investment portfolio!
Waterfront Options
Water Access Y/N: No
Util Avail at Street
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Exterior Material
Wood Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Trash: 1
Substructure
Michigan Basement: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit Description: 1
SqFt: 690
Occupied: Yes
Monthly Rent: 1195
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 2
SqFt: 548
Occupied: Yes
Monthly Rent: 1395
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 3
SqFt: 624
Occupied: Yes
Monthly Rent: 1425
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 4
SqFt: 615
Occupied: Yes
Monthly Rent: 1425
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 5
SqFt: 540
Occupied: Yes
Monthly Rent: 1375
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 623
Street Name: Cherry
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49503
OfficeContract Info
Status: Pending
Current Price: $689,900
List Price: $689,900
Listing Date: 2025-10-13
Remarks Misc
Directions: North side of Cherry St , just East of Union
Status Change Info
Under Contract Date: 2025-11-04
Property Features
Exterior Material: Wood Siding
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Public Water
Owner Pays: Electricity; Gas; Sewer; Water
Tenant Pays: Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Listing Office: Five Star Real Estate (Ada)
Listing Agent: Lauren Karsten
Last Updated: March - 24 - 2026
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