$1,350,000
Grand Rapids, MI 49503
MLS# 19013332
Status: Sold
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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
County: Kent
Street #: 17
Street Name: Lafayette
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $1,350,000
List Price: $1,450,000
Listing Date: 2019-04-09
General Property Info
Lot Measurement: Acres
Lot Square Footage: 10846
Lot Acres: 0.25
Lot Dimensions: 85x121x85x121
Year Built: 1900
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2020-04-25
Road Frontage: 85
Total # Units: 18
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 10245
Total Parking Spaces: 6
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 411430326013
Taxable Value: 313902
SEV: 550800
For Tax Year: 2019
Seller's Annual Property Tax: 16238
Tax Year: 2018
Spec Assessment & Ty: N/A
Zoning: N/A
Remarks Misc
Directions: S Of Fulton
Status Change Info
Under Contract Date: 2019-07-07
Sold Date: 2020-01-31
Sold Price: $1,350,000
Sold Price/SqFt: 131.77
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Studio
Occupied: Yes
Monthly Rent: 700
Bathrooms: 1
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 Koetsier
Last Updated: November - 01 - 2021
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