Grand Rapids, MI 49503,1021-1023 Sheridan Avenue SW

$385,000

$400,000

3.8%
Est.Price: ?

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Est. payment /mo

3 Beds

4,791 Sqft Lot


SOLD DATE : 09/25/2024

Key Details

Sold Price $385,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 65024037018

Sold Date 09/25/24

Bedrooms 3

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1900

Annual Tax Amount $5,315

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40x115

Property Description

Great investment opportunity to own a duplex and single family house right next to each other on two separate parcels. All three units are currently rented month-to-month for $4,450 per month. Electric and gas are individually metered for each unit. Water/sewer is shared for all three units. Certificate of compliance issued by the city until 9/23/2026. Take advantage of the cash flow already established and the possibility to sell the properties separately in the future. Or live in one unit and have the other two units pay the mortgage. 1021 is a 4 bedroom, 1 1/2 bathroom single family. 1023 is a upper/lower duplex, each with 2 bedrooms and 1 bathroom. Both buildings have new roofs and attic venting in 2022. Tax information is for both parcels - 41-13-36-380-025 and 41-13-36-380-026.

Location

State MI

County Kent

Area Grand Rapids

Zoning Residential

Direction From 131, take Hall St exit, West on Hall St, North on Sheridan to home

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Roof Type Composition

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Vinyl

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411336380026

Ownership Private Owned

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Realcomp MLS
Listed by Cassandra Beyer of Charter Properties
Bought with eXp Realty LLC
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