$113,000
Grand Rapids, MI 49507
MLS# 18013438
Status: Sold
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Property Description
Exceptional Duplex on the SE side of Grand Rapids! Backs up to Alexander Park! Both units in great shape and a full basement with Laundry! Many updates including mechanicals and cosmetics and roof! Laundry and storage facilities in basement and 2 separate entries into basement. Investor dream!! This would make a great owner occupant home! Live free while your tenant pays your bills! Would also make a good flip property while the investor lives in one unit and works on the other. Selling thousands below market! Hurry!!
Details
Maps
Documents
Location & Property Info
County: Kent
Street #: 612
Street Name: Delaware
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49507
Cross Streets: Union & Alexander
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Status: Sold
Current Price: $113,000
List Price: $99,900
Auction or For Sale: For Sale
List Price/SqFt: 55.5
Sub Agency: 2.5
Sub Agency Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord: 2.5
Trans Coord Type: %
Listing Date: 2018-04-04
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5662
Lot Acres: 0.13
Lot Dimensions: 43x132
Year Built: 1924
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2023-04-01
Road Frontage: 43
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 1800
Total Parking Spaces: 4
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 411431433004
Taxable Value: 21330
SEV: 29000
For Tax Year: 2017
Annual Property Tax: 1103
Tax Year: 2017
Spec Assessment & Ty: Unknown
Zoning: LDR
Remarks & Misc
Directions: Hall to Madison (E) to Union (N) to Delaware (E) to home
Legal: LOT 8* L S PROVIN S ADDITION
Status Change Info
Under Contract Date: 2018-04-29
Sold Date: 2018-07-02
Sold Price: $113,000
Sold Price/SqFt: 62.78
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 1200
Annual Maintenance: 250
Annual Utilities: 3350
Gross Op. Inc.: 21600
Net Operating Income: 16800
Operating Expense: 4800
Unit 1
Unit #: 1
Unit Description: LOWER
SqFt: 900
Occupied: No
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Unit 2
Unit #: 2
Unit Description: UPPER
SqFt: 900
Occupied: No
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Adj. to Public Land; Sidewalk
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at Street: Storm Sewer
Extras: Laundry Facility; Tenant Storage
Owner Pays: Electricity; Gas; Sewer; Water
Tenant Pays: Trash; None
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; MSHDA; VA Loan
Sale Conditions: None
Listing Office: Independence Realty (RSC)
Listing Agent: Randy Charboneau
Last Updated: October - 11 - 2021
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