1021-1023 Sheridan Avenue SW, Grand Rapids, MI 49503
- $385,000
- Sold Price
- $385,000
- List Price
- $400,000
- Closing Date
- Sep 25, 2024
- Days on Market
- 34
- MLS#
- 24037018
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Grand Rapids - G
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 ½ 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.
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Additional Information
- Owner Pays
- Sewer, Water
- Taxes
- $5,315
- Acres
- 0.11
- Basement
- Full
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 2
- Utilities
- Natural Gas Connected, Electricity Connected
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Cassandra Beyer from Listing Office: Charter Properties.
Selling Agent: Selling Office: .
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