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834 Flat Street Grand Rapids, MI 49503-1856
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Key Details
Sold Price $321,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70402983
Sold Date 05/17/24
Year Built 1930
Annual Tax Amount $2,593
Tax Year 2023
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 54 X 129
Property Description
Welcome to your next investment opportunity. This all-brick two-unit property on a double lot is an exceptional chance for both investors and owner occupiers alike. Situated conveniently close to downtown and the medical mile, its location is primed for convenience and growth. The 2 bedroom, 1 bath upper unit boasts a recent makeover including an all new kitchen, paint and flooring and is currently unoccupied with a projected rent of 1400 per month. The 3 bedroom, 1 bath lower unit hosts a long term month to month tenant. Severely under market rent rate, projected rent to be 1600-1700. Separate gas and electric is an added bonus. There is a potential growth opportunity on the additional adjacent lot at 630 Emerald.
Location
State MI
County Kent
Area Update
Zoning Residential
Interior
Heating Forced Air, Wall Heat
Exterior
Exterior Feature Brick
Waterfront No
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with Grand River Realty
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