NOT LISTED FOR SALE

141 Prospect Ave NE Grand Rapids, MI 49503

Heritage Hill Neighborhood
-- Bed
-- Bath
-- Sq Ft
8,276 Sq Ft Lot

Last Sold June 13, 2018

Last sale price $370,000

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • Wood Siding

About This Home

As of June 2018

Located in Heritage Hill, this 5 unit rental property consists of 4- 1 bedroom and 1- studio apartments. Two of the units have their own separate entrances. Basement features laundry for the tenants. All units have had some recent updates including kitchens, baths, appliances and floor coverings. Off street parking off of the alley at the back of the property. One of the prettiest blocks in the Hill.

Last Agent to Sell the Property

Roger Ackerman

Keller Williams GR North (Main) License #6501295615 Listed on: 05/17/2018

Keller Williams GR North (Main)

Last Buyer's Agent

Jason Carpenter

Keller Williams GR East License #6502430921

Keller Williams GR East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,079

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 48 x 172

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Building Details

  • Insurance Expense $1,300
  • Maintenance Expense $3,571
  • Utility Expense $4,461
  • Operating Expense $15,411
  • Gross Income $55,679
  • Net Operating Income $40,268

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,079

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 48 x 172
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 6079.0
  • Tax Info:Zoning3: multi
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 389900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.0
  • Zoning Description: multi
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 55679.0
  • Insurance Expense: 1300.0
  • Maintenance Expense: 3571.0
  • Net Operating Income: 40268.0
  • Number of Units Total: 5
  • Operating Expense: 15411.0

Tax Info

  • Tax Annual Amount: 6079.0
  • Tax Year: 2017

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2018 06/13/18 Sold $370,000 -5.1% --
05/17/2018 05/17/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $389,900 +98.4% --
07/10/2015 07/10/15 Sold $196,500 -1.7% --
05/21/2015 05/21/15 Pending -- -- --
04/27/2015 04/27/15 For Sale $199,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Roger Ackerman

    Seller's Agent in 2018

    Roger Ackerman

    Keller Williams GR North (Main)

    (616) 293-8913

    6 in this area

    125 Total Sales

    Section Image
  • Jason Carpenter

    Buyer's Agent in 2018

    Jason Carpenter

    Keller Williams GR East

    (616) 334-2630

    2 in this area

    212 Total Sales

    Section Image

  • S

    Seller's Agent in 2015

    Scott Grondman

    Bellabay Realty LLC

  • D

    Buyer's Agent in 2015

    Daniel Sippel

    Keller Williams GR East

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17057382

Southwestern Michigan Association of REALTORS®

Michigan Kent County Grand Rapids 49503 Heritage Hill

141 Prospect Ave NE, Grand Rapids, MI

This home is located at 141 Prospect Ave NE, Grand Rapids, MI 49503 since 17 May 2018. This property was built in 1920. 141 Prospect Ave NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, Alger Middle School, and Ottawa Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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