1566 Wealthy St SE Grand Rapids, MI 49506
Eastown NeighborhoodHighlights
- 0.22 Acre Lot
- 1 Fireplace
- Forced Air Heating System
About This Home
As of March 2025Welcome to 1566 Wealthy St., a prime investment opportunity in the heart of the thriving East Town neighborhood. This 5-unit property is ideally located within walking distance to the best shops, restaurants, and attractions along Wealthy Street. With strong rental income and excellent growth potential, this is an ideal addition to any portfolio. The building also features convenient coin-operated laundry in the basement. Act fast—properties like this don't come around often!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,353
Year Built
- Built in 1895
Lot Details
- 9,670 Sq Ft Lot
- Lot Dimensions are 80x121
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
Basement
- Basement Fills Entire Space Under The House
- Michigan Basement
Parking
- 4 Parking Spaces
- Paved Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Phone Available
- Cable TV Available
Community Details
- 5 Units
Listing and Financial Details
- Tenant pays for electric
- The owner pays for trash collection, water, sewer, gas
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/07/2025 03/07/25 | Sold | $460,000 | -7.4% | -- |
| 01/31/2025 01/31/25 | Pending | -- | -- | -- |
| 01/27/2025 01/27/25 | For Sale | $497,000 | 0.0% | -- |
| 01/18/2025 01/18/25 | Pending | -- | -- | -- |
| 12/31/2024 12/31/24 | Price Changed | $497,000 | -0.4% | -- |
| 11/08/2024 11/08/24 | For Sale | $499,000 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 24058491
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.
Information is deemed reliable but not guaranteed.
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