$1,425,000
Grand Rapids, MI 49503
MLS# 25045824
Status: Pending
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Property Description
A grand and majestic historical home in Heritage Hill set on a well manicured half acre parcel. Originally built in 1897 by Albert Stickley of the Grand Rapids based Stickley Furniture offering a street presence unmatched by other homes. This 6 unit has two amazing main floor units that would be a perfect for an owner occupant. The excellent rental history is equally effective as a long term investment as well. A new concrete drive and 4 stall garage, ample off street parking. Magnificent fireplaces in 4 units, 2 attached covered porches . Hardwood floors, high ceilings, Intricate plaster details, dramatic bay windows are just a few of the amenities. A short distance to downtown and the medical mile. Electric is separately metered and two furnace heat the home. Call for an income/expense package. Listing agent is related to owner and owners are licensed realtors. Out of respect for tenants - Showings on Wednesdays only.
Details
Maps
Location Property Info
County: Kent
Street #: 60
Street Name: Prospect
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503
Area: Grand Rapids - G
OfficeContract Info
Status: Pending
Current Price: $1,425,000
List Price: $1,425,000
Listing Date: 2025-09-07
General Property Info
Lot Measurement: Acres
Lot Square Footage: 25352
Lot Acres: 0.58
Lot Dimensions: 132 X 195 X 132 X 195
Year Built: 1897
New Construction: No
Cert of Compliance: Yes
Road Frontage: 132
Total # Units: 6
# of Diff Unit Floor Plans: 6
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 7372
Total Parking Spaces: 9
Waterfront: No
School District: Grand Rapids
Elementary School: Fountain Elementary School
Tax Info
Tax ID #: 41-14-30-185-003
Taxable Value: 464305
SEV: 505600
For Tax Year: 2025
Seller's Annual Property Tax: 23945
Tax Year: 2025
Zoning: commercial
Remarks Misc
Directions: Fulton street to Prospect NE, turn north on Prospect, home is 2nd one on East Side of the street
Status Change Info
Under Contract Date: 2025-10-17
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 4641
Annual Maintenance: 4070
Annual Utilities: 7695
Gross Op. Inc.: 120360
Net Operating Income: 103126
Operating Expense: 17234
Unit 1
Unit #: 1
Unit Description: North Main floor
SqFt: 1650
Occupied: Yes
Monthly Rent: 1750
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 1
Unit Description: South Main floor
SqFt: 1822
Occupied: Yes
Monthly Rent: 2130
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 2
Unit Description: North 2nd floor
SqFt: 1200
Occupied: Yes
Monthly Rent: 1800
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 4
Unit #: 2
Unit Description: South 2nd floor
SqFt: 1200
Occupied: Yes
Monthly Rent: 1700
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 3
Unit Description: North 3rd Floor
SqFt: 750
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 3
Unit Description: South 3rd floor
SqFt: 750
Occupied: Yes
Monthly Rent: 1250
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; Gas Dryer Hookup; In Unit; Lower Level
Exterior Material: Brick
Roofing: Composition
Substructure: Full
Lot Description: Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected
Util Avail at Street: None
Extras: Garages
Owner Pays: Gas; Sewer; Trash Collection; Water
Tenant Pays: Electric
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Concrete
Street Type: Public
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Deck/Patio; Dishwasher; Fireplace; Garage; Garb Disp; Range Oven; Refrigerator
Listing Office: Coldwell Banker Schmidt Realtors
Listing Agent: Kathleen Wynsma
Last Updated: October - 23 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
