NOT LISTED FOR SALE

317 Prospect Ave NE Grand Rapids, MI 49503

Downtown Grand Rapids Neighborhood
-- Bed
-- Bath
-- Sq Ft
10,380 Sq Ft Lot

Last Sold May 24, 2012

Last sale price $252,500

47 Days on Market

About This Home

As of May 2012

Great investment! Solid brick building with 3 stall garage on the property. Located in the heart of downtown medical mile this will be a cash cow for years to come!

Last Agent to Sell the Property

James Eerdmans

Icon Realty Group LLC License #6502138981 Listed on: 04/01/2012

Last Buyer's Agent

James Eerdmans

Icon Realty Group LLC License #6502138981 Listed on: 04/01/2012

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1890

Lot Details

  • 10,380 Sq Ft Lot

Parking

  • 11 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slate Roof
  • Rubber Roof

Utilities

  • Radiant Heating System
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $20,504
  • Net Operating Income $58,695

Property Details

Home Type

Apartment

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 269900.0
  • Number of Buildings: 1
  • Roof: Rubber, Slate

Garage/Parking

  • Total Parking Spaces: 11.0

Utilities

  • Heating: Hot Water, Radiant
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Size Sq Ft: 10380.0

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas

Multi Family

  • Net Operating Income: 58695.0
  • Number of Units Total: 3
  • Operating Expense: 20504.0

Tax Info

  • Tax Annual Amount: 9086.0

Range of Values:

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Average Value
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List Price
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
05/24/2012 05/24/12 Sold $252,500 -6.4% --
05/18/2012 05/18/12 Pending -- -- --
04/01/2012 04/01/12 For Sale $269,900 +25.5% --
03/01/2012 03/01/12 Sold $215,000 -14.0% --
12/25/2011 12/25/11 Pending -- -- --
12/14/2011 12/14/11 For Sale $250,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    James Eerdmans

    Icon Realty Group LLC

    Section Image

  • R

    Seller's Agent in 2012

    Ryan Ogle

    Bluhouse Properties LLC - I

    Section Image
  • Jason Carpenter

    Seller Co-Listing Agent in 2012

    Jason Carpenter

    Keller Williams GR East

    (616) 334-2630

    206 Total Sales

    Jason Carpenter
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12017307

Southwestern Michigan Association of REALTORS®
Michigan Kent County Grand Rapids 49503 Downtown Grand Rapids

317 Prospect Ave NE, Grand Rapids, MI

This home is located at 317 Prospect Ave NE, Grand Rapids, MI 49503 since 01 April 2012. This property was built in 1890. 317 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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