$800,000
$950,000
15.8%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
3,920 Sqft Lot
SOLD DATE : 10/24/2023
Key Details
Sold Price $800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65023028397
Sold Date 10/24/23
Bedrooms 6
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1915
Annual Tax Amount $15,808
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 50 X 82
Property Description
Rare opportunity to own a 6-unit apartment building in Cherry Hill historic district! Location can't be beaten, you're within walking distance to shops, restaurants and directly across from the newly renovated Cherry Park. There is coin-operated laundry (Property owned) in the basement. Value add opportunity to implement a utility bill back/RUBS program to recapture some of the utility expense and raise rents to market rate, since many leases are month-month. This property has tons of updates and capital improvements. Common area hallways have been completely renovated, new furnaces and AC units have been added to the 2br units. In addition, many units have been re-drywalled, painted and updated. Don't miss this opportunity to own in the Cherry Hill district.
Location
State MI
County Kent
Area Grand Rapids
Zoning Other
Direction W. of Eastern on the corner of Wealthy and Charles
Interior
Interior Features Cable Available
Heating Forced Air
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Pool No
Waterfront no
Roof Type Rubber
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick,Wood
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411430482001
Acceptable Financing Cash, Contract, Conventional
Listing Terms Cash, Contract, Conventional
Financing Cash,Contract,Conventional
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