$645,000
Grand Rapids, MI 49548
MLS# 24017000
Status: Pending
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Property Description
Welcome to 103 Peony St, a unique townhouse styled 4-unit multi-family located in Byron Twp. Each updated private townhome apartment includes 2 bedrooms with a full bath upstairs, a large eat-in kitchen, living area, and 1/2 bath on the main level, and a private basement with full size washer and dryer. Each unit offers private front and back entrances, patios and off street parking. All 4 townhomes are currently leased through 09/30/2024. Tenants pay water, electric, and gas. Monthly rent revenue is $6,205. Owner covers lawncare, snowplowing, trash, and pays water for unit 107 only ($20. mo) Please use Showingtime. All units will be availble for inspections after accepted offer. SEE ADDITIONAL COMMENTS ...
Details
Maps
Documents
Location & Property Info
County: Kent
Street #: 103
Street Name: Peony
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49548
Cross Streets: Division
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: Byron Twp
Office/Contract Info
Status: Pending
Current Price: $645,000
List Price: $645,000
Auction or For Sale: For Sale
List Price/SqFt: 199.07
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-04-11
General Property Info
Lot Measurement: Acres
Lot Square Footage: 12240
Lot Acres: 0.28
Lot Dimensions: unknown
Year Built: 1984
New Construction: No
Cert of Compliance: Yes
Road Frontage: 94
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3240
Total Parking Spaces: 8
Waterfront: No
School District: Kentwood
Tax Info
Tax ID #: 41-21-01-228-010
Taxable Value: 106680
SEV: 126000
For Tax Year: 2024
Annual Property Tax: 4733.7
Tax Year: 2023
Spec Assessment & Ty: N/A
Zoning: 401 Residential
Remarks & Misc
Directions: 54th St SW to Division, South to Peony
Legal: LOTS 23 & 24 BLK 3* CUTLER GARDENS
Status Change Info
Under Contract Date: 2024-05-07
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit #: 109
Unit Description: Townhome styled
SqFt: 800
Occupied: Yes
Monthly Rent: 1495
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 2
Unit #: 107
Unit Description: Townhome Style
SqFt: 800
Occupied: Yes
Monthly Rent: 1400
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 3
Unit #: 105
Unit Description: townhome style
SqFt: 800
Occupied: Yes
Monthly Rent: 1555
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 4
Unit #: 103
Unit Description: townhome style
SqFt: 800
Occupied: Yes
Monthly Rent: 1755
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Property Features
Laundry Features: In Unit; Lower Level
Exterior Material: Aluminum Siding; Concrete
Roofing: Composition
Substructure: Full
Lot Description: Wetland Area
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at Street: Electric; Natural Gas; Public Sewer; Public Water
Extras: Sep Electric Meter; Sep Water Meter
Owner Pays: Trash Collection
Tenant Pays: Electric; Gas; Sewer; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: Central Air; Deck/Patio; Washer/Dryer
Unit 2: Central Air; Deck/Patio; Washer/Dryer
Unit 3: Central Air; Deck/Patio; Washer/Dryer
Unit 4: Central Air; Deck/Patio; Washer/Dryer
Supplements
A complete upgrades and features sheet is available under "Documents". Monthly per unit rents are listed in the per unit information section , and on the features sheet. Reminder - this is a fully leased property. Please do not disturb tenants. Offers presented as received.
Property is located in Buck's Creek floodplain.
All units will be available for inspection after accepted offer.
Listing Agent is related to a member of 103 Peony LLC
103 Peony Features Sheet 
Listing Office: Greenridge Realty (EGR)
Listing Agent: Mindy Cartwright
Last Updated: May - 07 - 2024
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