$225,000
Grand Rapids, MI 49504
MLS# 24016624
1 / 15
Property Description
Great investment opportunity close to downtown Grand Rapids. Both units have great long-term tenants, providing immediate cashflow and also room to raise rents in the future. Upgrades include new roof in 2015, new furnace and water heater in 2018. City cert until 2027! Both units are 2/1 with in unit laundry in the lower unit along with detached 2 stall garage and ample parking.
Details
Maps
Location & Property Info
County: Kent
Street #: 1121
Street Name: Crosby
Suffix: Street
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 3006
Cross Streets: Crosby and Powers
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Ownership Type: Broker/Agent Owned
Office/Contract Info
Status: Active
Current Price: $225,000
List Price: $225,000
Auction or For Sale: For Sale
Sub Agency: 3
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: $
Listing Date: 2024-04-09
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5280
Lot Acres: 0.12
Lot Dimensions: 40' x 132'
Year Built: 1888
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2027-06-20
Road Frontage: 40
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-14-453-023
Taxable Value: 40840
SEV: 74200
For Tax Year: 2022
Annual Property Tax: 2117
Tax Year: 2022
Spec Assessment & Ty: n/a
Zoning: R2
Remarks & Misc
Directions: From Leonard St. NW, take Powers Ave North, West on Crosby, home on north side of the road.
Legal: LOT 985* PANFIL S ASSESSOR S PLAT NO 51* OF LOTS 7 TO 20 INCLUSIVE OF INNES & MC REYNOLDS ADDITION
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Unit 1
SqFt: 900
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Unit 2
SqFt: 800
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Full; Michigan Basement
Sewer: Public
Water: Public
Utilities Attached: Electric; Natural Gas
Util Avail at Street: Natural Gas; Public Sewer; Public Water
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air; Wall Furnace
Terms Available: Cash; Conventional
Sale Conditions: None
Listing Office: Keller Williams GR North
Listing Agent: Jason Downing
Last Updated: April - 30 - 2024
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