$319,500
Grand Rapids, MI 49503
MLS# 26042512
1 / 35
Property Description
Welcome Home! Lovely two unit investment property located in South Hill just outside Heritage Hill. Conveniently located near downtown GR happenings, restaurants and pubs on Wealthy Street, Trinity Health and easy access to expressways and bus lines. Offering solid potential for income diversification. Could be ideal owner occupied as upper unit is currently vacant. Property offers loads of old world character and charm all the way through. Main floor with 2 bedrooms, wood flooring, high 10' ceilings, ornate wood work, spacious foyer, french doors and fireplace. Upper level with 3 bedrooms, high ceilings, wood flooring, nice wood work & trim, transom window, access to unfinished 3rd floor attic. All appliances remain including double washer & dryers. Basement offers separate locked storage areas & separate laundry area for each unit. City Certified thru 5/21/30. New roof 2024, many newer windows, 2 newer water heaters, ext was painted 3 years ago. Quaint rear yard. Hurry! SEE SUPPLMNT
Details
Location & Property Info
Cross Streets: Franklin and Prospect
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 119.89
General Property Info
New Construction: No
Lot Dimensions: 44x100
Road Frontage: 44
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2030-05-21
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2665
Total Parking Spaces: 0
School District: Grand Rapids
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 4400
Lot Acres: 0.1
Year Built: 1900
Tax Info
Taxable Value: 43855
SEV: 153400
For Tax Year: 2025
Seller's Annual Property Tax: 2311.74
Tax Year: 2026
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: Res
Tax ID #: 41143118203
Remarks & Misc
Public Remarks: Welcome Home! Lovely two unit investment property located in South Hill just outside Heritage Hill. Conveniently located near downtown GR happenings, restaurants and pubs on Wealthy Street, Trinity Health and easy access to expressways and bus lines. Offering solid potential for income diversification. Could be ideal owner occupied as upper unit is currently vacant. Property offers loads of old world character and charm all the way through. Main floor with 2 bedrooms, wood flooring, high 10' ceilings, ornate wood work, spacious foyer, french doors and fireplace. Upper level with 3 bedrooms, high ceilings, wood flooring, nice wood work & trim, transom window, access to unfinished 3rd floor attic. All appliances remain including double washer & dryers. Basement offers separate locked storage areas & separate laundry area for each unit. City Certified thru 5/21/30. New roof 2024, many newer windows, 2 newer water heaters, ext was painted 3 years ago. Quaint rear yard. Hurry! SEE SUPPLMNT
Legal: E 100 FT OF S 44 FT OF LOT 10 BLK 8* J PENNEY S ADDITION* BEING PART OF E 1/2 OF NW 1/4 SEC 31-7-11
Lot Description
Corner Lot: 1
Sidewalk: 1
Income and Expenses
Annual Insurance: 2665
Annual Utilities: 1704
Street Type
Paved: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Storm Sewer: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
Common Area: 1
In Basement: 1
Laundry Room: 1
See Remarks: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Paved: 1
Substructure
Full: 1
Walk-Out Access: 1
Extras
Laundry Facility: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Sep Water Meter: 1
Tenant Storage: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Lower
SqFt: 1367
Occupied: Yes
Monthly Rent: 1120
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Fireplace: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: Upper
SqFt: 1298
Occupied: No
Monthly Rent: 1550
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Dishwasher: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
Washer/Dryer: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 745
Street Name: Prospect
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
OfficeContract Info
Status: Active
Current Price: $319,500
List Price: $319,500
Listing Date: 2026-08-13
Remarks Misc
Directions: Corner of Franklin and Prospect
Property Features
Laundry Features: Common Area; In Basement; Laundry Room; See Remarks
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full; Walk-Out Access
Lot Description: Corner Lot; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras: Laundry Facility; Sep Electric Meter; Sep Gas Meter; Sep Water Meter; Tenant Storage
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Paved
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Fireplace; Range Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Unit 2: Dishwasher; Range/Oven; Refrigerator; Sep. Heat System; Washer/Dryer
Supplements
Main floor tenant has occupied the unit for 6 years. All showings must lock doors, please contact Agent 616-293-5269. Please show lower/occupied unit first. If you are running behind schedule please contact tenant asap, contact info in ShowingTime. Lower bedroom unable to be seen at this time. Please close front door upon entering, please lock all doors upon exiting. Thank you!
Listing Office: Pro Real Estate Services LLC
Listing Agent: Aurelia R Becker
Last Updated: September - 02 - 2026
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