1899 Palace Avenue SW
Grand Rapids, MI 49507
0.12 acres | #24041905
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
Property Details
- Lot DescriptionLevel, Sidewalk
Measurements
- Acres0.12
Construction Details
- BasementMichigan Basement
- Property TypeMulti-Family
Condition
- Year Built1895
Utilities / Energy Details
- Utility FeaturesPhone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Co
- Sewer InformationPublic Sewer
Community and Neighborhood Details
- School DistrictGrand Rapids
- CountyKent
Financial Details
- Original List Price$234,900
- Days on Market (Cumulative)89
Other
- MLS #24041905
Location
Legal
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Last Updated: . Source: MichRIC
Listing Courtesy
Listing Agent: Timothy J VandenToorn (#gvand0027)
Listing Office: United Realty Services LLC (#g168100)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
