1899 Palace SW Avenue Active Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49507
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 24041905
Year Built 1895
Annual Tax Amount $66,200
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40*131
Property Description
Investment Opportunity! Enjoy a combined rent of $2,295 with this occupied property, with tenants in-place until 2025. Professionally managed by a reputable property management company, offering a seamless transition to a new owner if interested. Features include a new furnace (2022) and city certification until 09/27/2027, vinyl siding and replacement windows. Situated in a great location within a strong rental market and close to amenities. Don't miss this chance to capitalize on strong rental demand and rising property values in Grand Rapids! Both units are occupied: Unit #1 is rented for $1,295/month until 03/31/25, and Unit #2 is rented for $1,000/month until 05/31/25
Location
State MI
County Kent
Area Grand Rapids - G
Direction Burton St to Palace Av, north on Palace to property
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Cooling None
Fireplaces Number 1
Exterior
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Cable Available,Natural Gas Connected,Water Available,Sewer Available,Storm Sewer,Broadband
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 2
Building
Lot Description Level,Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-17-01-452-051
Acceptable Financing FHA,Cash,Conventional
Listing Terms FHA,Cash,Conventional