1899, Palace, Grand Rapids, MI, 49507
Basics
- Date added: Added 3 months ago
- Category: Multi-Family
- Type: 2 to 4 Units
- Status: Active
- Bathrooms: 0
- Lot size: 0.12 sq ft
- Year built: 1895
- Lot Size Acres: 0.12 acres
- County: Kent
- MLS ID: 24041905
Description
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Description:
Investment Opportunity! Enjoy a combined rent of $2,295 with this occupied property, with tenants in-place until 2025. Professionally managed by a reputable property management company, offering a seamless transition to a new owner if interested. Features include a new furnace (2022) and city certification until 09/27/2027, vinyl siding and replacement windows. Situated in a great location within a strong rental market and close to amenities. Don't miss this chance to capitalize on strong rental demand and rising property values in Grand Rapids! Both units are occupied: Unit #1 is rented for $1,295/month until 03/31/25, and Unit #2 is rented for $1,000/month until 05/31/25
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Location
- Directions: Burton St to Palace Av, north on Palace to property
Building Details
- Number Of Units Total: 2
- Construction Materials: Vinyl Siding
- Sewer: Public Sewer
- Heating: Forced Air
- Roof: Composition
- Number Of Buildings: 1
- Basement: Michigan Basement
Amenities & Features
- Parking Total: 2
- Utilities: Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Storm Sewer, Broadband
- Lot Features: Level, Sidewalk
- Fireplaces Total: 1
- Cooling: None
Fees & Taxes
- Tax Assessed Value: $36,346
- Tax Year: 2024
- Tax Annual Amount: $66,200
School Information
- High School District: Grand Rapids
Miscellaneous
- Road Surface Type: Paved
- CrossStreet: Burton
- Owner Pays: Electricity, Water, Sewer, Gas
- Listing Terms: FHA, Cash, Conventional
- Tenant Pays: Trash Collection
Ask an Agent About This Home
This 2 to 4 Units style property is located in is currently Multi-Family and has been listed on Tucker Benner Realty - Our Michigan Home. This property is listed at $227,900. It has bedrooms, 0 baths bathrooms, and is . The property was built in 1895 year.
