$505,000
$499,900
1.0%For more information regarding the value of a property, please contact us for a free consultation.
1051 Pine NW Avenue Grand Rapids, MI 49504
6,320 Sqft Lot
Key Details
Sold Price $505,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 23136386
Sold Date 11/02/23
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1911
Annual Tax Amount $6,969
Tax Year 2022
Lot Size 6,320 Sqft
Acres 0.15
Lot Dimensions 80x79
Property Sub-Type 2 to 4 Units
Property Description
Welcome to a turnkey investment opportunity on the west side of Grand Rapids. The close proximity to downtown GR, for all things entertainment, dining and colleges (GRCC, GVSU and MSU) and conveniently located near public transportation and major highways (196 and 131) help ensure it will remain a sought-after location. This four-unit building comprises each unit of two bedrooms and one bathroom. One unit does have three bedrooms and one bathroom. There are two shared laundry spaces in the basement. As units have been turned over, they have been updated and refreshed to meet the expectations of today's renters, ensuring high occupancy rates. One of the key advantages of this investment is its fully rented status.
Location
State MI
County Kent
Area Grand Rapids - G
Direction South on Pine from Leonard. House one block south on the corner of 12th and Pine.
Rooms
Basement Michigan Basement, Partial
Interior
Heating Forced Air, Natural Gas
Fireplaces Number 1
Exterior
Parking Features Concrete, Driveway
View Y/N No
Roof Type Composition
Topography {\"Level\":true}
Total Parking Spaces 3
Building
Lot Description Sidewalk, Corner Lot
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-13-23-207-005
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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