$289,900
Grand Rapids, MI 49504
MLS# 24018271
Status: Pending
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Property Description
Welcome to this fantastic opportunity to own a well-maintained duplex in Grand Rapids. Perfectly situated on the northwest side, this property offers convenience, comfort, and investment potential all in one.Newer roof and mechanicals. Upstairs has been occupied by a long term tenant. Currently renting at $950/month on a month-to-month basis. Lower Unit vacates on 4/30/24 and is currently rented for $1550. Come check out this multi-unit and let this investment pay for itself!
Details
Maps
Location & Property Info
County: Kent
Street #: 1350
Street Name: Leonard
Suffix: Street
Post Direction: NW
State: MI
Zip Code: 49504
Zip (4): 2937
Cross Streets: Frederick
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Status: Pending
Current Price: $289,900
List Price: $289,900
Auction or For Sale: For Sale
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-04-17
General Property Info
Lot Measurement: Acres
Lot Square Footage: 4892
Lot Acres: 0.11
Lot Dimensions: 37x133
Year Built: 1927
New Construction: No
Cert of Compliance: Yes
Road Frontage: 37
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 3
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-23-126-003
Taxable Value: 98910
SEV: 105000
For Tax Year: 2023
Annual Property Tax: 4905
Tax Year: 2023
Spec Assessment & Ty: NA
Zoning: RES IMP
Remarks & Misc
Directions: Home is west of Frederick Ave. off Leonard St.
Legal: E 37 FT OF W 52 FT OF LOT 15 BLK 2* WHITE S SECOND ADDITION
Status Change Info
Under Contract Date: 2024-04-27
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 650
Unit 1
Unit #: 1
Unit Description: Lower Level
SqFt: 821
Occupied: Yes
Monthly Rent: 1550
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 2
Unit #: 2
Unit Description: Upper Level
SqFt: 721
Occupied: Yes
Monthly Rent: 950
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area; In Basement
Exterior Material: Aluminum Siding
Roofing: Composition
Substructure: Full
Lot Description: Recreational; Sidewalk
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone Line
Util Avail at Street: Broadband; Cable; Electric; Natural Gas; Public Water; Telephone Line
Extras: Garages; Laundry Facility
Owner Pays: Gas; Sewer; Water
Tenant Pays: Electric; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Concrete
Street Type: Paved; Public
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: A/C Unit; Garage
Unit 2: Garage
Listing Office: JH Realty Partners
Listing Agent: Jeff Heglund
Last Updated: April - 29 - 2024
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