$321,000
$315,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
834 Flat Street NE Grand Rapids, MI 49503
2 Beds
6,969 Sqft Lot
Key Details
Sold Price $321,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024020524
Sold Date 05/17/24
Bedrooms 2
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1930
Annual Tax Amount $2,593
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 Grand Rapids
Zoning Residential
Direction W. off Diamond on Flat St. to Home.
Interior
Interior Features Laundry Facility
Heating Forced Air, Wall/Floor Furnace
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 2.0
Waterfront no
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street
Water Public (Municipal), Water at Street
Structure Type Brick
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411420305001
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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Bought with Grand River Realty