NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
6,972 Sq Ft Lot

Last Sold March 10, 2017

Last sale price $487,500

5 Days on Market

Highlights

  • Corner Lot: Yes
  • Laundry Facilities
  • 3-minute walk to Foster Park
  • Heating System Uses Steam
  • Wood Siding

About This Home

As of March 2017

This Grand Rapids historic home in Heritage Hill sits on 2 lots and has been meticulously maintained. The home is 6000 square feet and has 5 units. One 3-bedroom unit, three 2-bedroom units, and one 1-bedroom unit. Annual gross income is $60,600. 2016 taxes, insurance, and utilities were $15,000. The property has a newer steam boiler, updated plumbing, and electric. All of the windows have been restored including the addition of thermal double-pane glass. The owner pays the gas bill for heat and hot water, but separate meters for electric. 2016 annual gas expense was $2889. The basement is clean and dry. It features a coin-operated washer and dryer. This is turn-key investment with no surprises!

Last Agent to Sell the Property

John Holkeboer

Greenridge Realty (EGR) License #6501257864 Listed on: 02/04/2017

Last Buyer's Agent

Laura Feagan

Coldwell Banker Schmidt Realtors

Coldwell Banker Schmidt Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,700

Year Built

  • Built in 1870

Lot Details

  • 6,972 Sq Ft Lot
  • Lot Dimensions are 83x84
  • Corner Lot: Yes

Home Design

  • Slate Roof
  • Wood Siding

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Phone Connected

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights Excluded

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Building Details

  • Insurance Expense $4,519
  • Utility Expense $5,000
  • Gross Income $60,600

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,700

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1870
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 83x84
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5700.0
  • Tax Info:Zoning3: Multi-Family
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Mineral Rights:No: Yes
  • Heat Type:Steam: Yes
  • Extras:Laundry Facility: Yes
  • Roofing:Slate: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 499900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Slate
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Heating: Yes
  • Utilities: Telephone Line
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6972.0
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 60600.0
  • Insurance Expense: 4519.0
  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 5700.0
  • Tax Year: 2016

Range of Values:

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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
03/10/2017 03/10/17 Sold $487,500 -2.5% --
02/09/2017 02/09/17 Pending -- -- --
02/04/2017 02/04/17 For Sale $499,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17004202

Southwestern Michigan Association of REALTORS®