Incredible income property available. 4 units, all rented. Amazing location. Seller has invested in upgrades that make this property very desirable, and cash flows nicely. Certification is good through 3/3/21 with an inspection date already set with the City of Grand Rapids. Improvements:
-2 units fully renovated and converted from 1 BR to 2BR. -Common area refresh (carpet runner on stairs, vinyl plank flooring, paint). -New double pane vinyl windows with aluminum wrap. -Original single water heater feeding entire house replaced with 4 smaller water heaters dedicated to each unit. -Majority of old plumbing replaced with PEX. -In unit laundry added to Unit #1 and #2. -Shared laundry added to basement for Unit #3 and #4. -Original landscaping timbers replaced. -Added glass block to basement windows with dryer vents. -Removed and re-poured concrete step in back of house.
-Added gutters and downspouts on north and south sides of house.
Last Agent to Sell the Property
Keller Williams GR East License #6502430921 Listed on: 12/09/2020
Last Buyer's Agent
Michael Smallegan
Keller Williams GR East
$640,000
Fantastic Investment Opportunity! This well-maintained apartment building features three fully turnkey 2-bedroom, 1-bath units each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. All units are consistently occupied with month-to-month leases, providing excellent income and flexibility for future ownership. Tenants pay their own electric.Recent 2024
Fadia Awdish RE/MAX Classic
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $580,000 | Grand Rapids Title | |
| Warranty Deed | $203,000 | Chicago Title Of Michigan | |
| Warranty Deed | -- | Sun Title Agency Of Mi Llc | |
| Quit Claim Deed | -- | Sun Title Agency Of Mi Llc | |
| Quit Claim Deed | -- | Ppr Title Agency | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $54,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Trustee Deed | $196,070 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $190,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $126,000 | -- | |
| Warranty Deed | $25,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $47,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $385,000 | New Conventional | |
| Previous Owner | $281,250 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $188,510 | FHA |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/04/2025 04/04/25 | Price Changed | $600,000 | -4.0% | -- |
| 03/11/2025 03/11/25 | Price Changed | $624,900 | -3.8% | -- |
| 11/21/2024 11/21/24 | For Sale | $649,900 | +12.1% | -- |
| 12/31/2020 12/31/20 | Sold | $580,000 | -3.3% | -- |
| 12/12/2020 12/12/20 | Pending | -- | -- | -- |
| 12/09/2020 12/09/20 | For Sale | $599,900 | +195.5% | -- |
| 11/18/2016 11/18/16 | Sold | $203,000 | +1.5% | -- |
| 10/26/2016 10/26/16 | Pending | -- | -- | -- |
| 10/24/2016 10/24/16 | For Sale | $200,000 | -- | -- |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,119 | $216,700 | $0 | $0 |
| 2024 | $7,119 | $175,200 | $0 | $0 |
| 2023 | $6,805 | $166,100 | $0 | $0 |
| 2022 | $6,712 | $169,700 | $0 | $0 |
| 2021 | $7,053 | $125,300 | $0 | $0 |
| 2020 | $5,030 | $119,700 | $0 | $0 |
| 2019 | $5,150 | $108,000 | $0 | $0 |
| 2018 | $4,993 | $96,800 | $0 | $0 |
| 2017 | $4,569 | $73,400 | $0 | $0 |
| 2016 | $3,394 | $58,000 | $0 | $0 |
| 2015 | $2,965 | $58,000 | $0 | $0 |
| 2013 | -- | $48,600 | $0 | $0 |
Seller's Agent in 2024
Mike Smallegan
Keller Williams GR North (Main)
(616) 275-5938
4 in this area
1,109 Total Sales
Seller's Agent in 2020
Jason Carpenter
Keller Williams GR East
(616) 334-2630
1 in this area
213 Total Sales
Seller Co-Listing Agent in 2020
Candice Strehl
Keller Williams GR East
(616) 219-5599
1 in this area
132 Total Sales
M
Buyer's Agent in 2020
Michael Smallegan
Keller Williams GR East
Z
Seller's Agent in 2016
Zach Wendt
Keller Williams GR East
Buyer's Agent in 2016
Juanita Buskard
Buskard Group Real Estate
(616) 292-8429
143 Total Sales
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 20050040
APN: 41-14-30-433-014
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