MI > Grand Rapids
Grand Rapids, MI 49507,1899 Palace Avenue SW
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Grand Rapids, MI 49507,1899 Palace Avenue SW
Grand Rapids, MI 49507,1899 Palace Avenue SW
Grand Rapids, MI 49507,1899 Palace Avenue SW
Grand Rapids, MI 49507,1899 Palace Avenue SW
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$ 219,900
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1899 Palace Avenue SW Grand Rapids, MI 49507

2 Beds

5,227 Sqft Lot

UPDATED:

11/22/2024 04:19 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024041905

Bedrooms 2

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1895

Annual Tax Amount $66,200

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 40*131

Property 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

Location

State MI

County Kent

Area Grand Rapids

Zoning Residential

Direction Burton St to Palace Av, north on Palace to property

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Roof Type Composition

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Foundation Michigan Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain

Water Public (Municipal), Water at Street

Structure Type Vinyl

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411701452051

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Realcomp MLS
©2024 Realcomp II Ltd. Shareholders
Listed by Timothy J VandenToorn of United Realty Services LLC

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1899 Palace Avenue SW