1163 Prospect Avenue Grand Rapids, MI ^$ 310,000

1163 Prospect Avenue

^$ 310,000

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1163 Prospect Avenue

Grand Rapids, MI, 49507

^$ 310,000

Studio Baths0.0

Monthly Estimate*

^$ 1,857

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $310,000. This home was built in 1890 on a lot size of 0.05.

Great investment opportunity in Grand Rapids! This opportunistic property is rare to find in today's market and awaiting new ownership! Lower unit is 3 bedrooms/1 bathroom bringing in 1700 per month. (month to month lease) Upper Unit is 2 Bedrooms/1 Bathroom bringing in 1350. (1 year lease) Fenced in yard for tenant privacy and plenty of parking space. 24hr showing notice is a must. Pre-approved/serious buyers only.

Multi-Family Pending

Price

^$ 310,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,916

Style

Lot Size

0.05

Year Built

1890

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70435503

Features

General

Heating Forced Air

Possession At Close

Water Public Water

Status Pending Pending

Year Built 1890

County Kent

Class MULTIFAMILY

Type Multi-Family

FULL Other/See Remarks

Municipality Grand Rapids

Zoning Residential

Subdivision MI

Area Grand Rapids (41032)

Primary City Grand Rapids

Directions Hall/Prospect

City Grand Rapids

School District Grand Rapids City School Distric

Financial Terms Cash Conventional

Legal Description N 46 FT OF LOTS 5 & 6 & S 8 FT OF VACATED ALLEY ADJ SAME ON N* H H CHIPMAN & CO S ADDITION

DOM 37

Postal Code 49507

Public Remarks Great investment opportunity in Grand Rapids! This opportunistic property is rare to find in today's market and awaiting new ownership! Lower unit is 3 bedrooms/1 bathroom bringing in 1700 per month.

Interior

Basement MI Basement

Total Number of Units 2

Fuel Type Natural Gas

Exterior

Exterior Vinyl Siding

Frontage 54

Lot Size Area 0.05

Lot Dimensions 00x00

Waterfront Y/N No

* Excluded Features

List By

Britton Curtiss

Listing Agent

Bellabay Realty (Sw)

Broker

brittoncurtiss616@gmail.com

Affordability Calculator

$2,100

Per Month

Monthly Principal & Interest: $1,857
Monthly Property Taxes: $243
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$371,932

Percent of Sale Price 20%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3147031 Elementary School

3147033 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/4/2024	$290,000	-6.45%	Price Down
10/8/2024	$310,000		Listed Price

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1163 Prospect Avenue, Grand Rapids, MI, 49507 is a Multi-Family Home for sale at $310,000 with a lot size of 0.05. 1163 Prospect Avenue is a studio with 0.0 baths and was built in 1890. The property's zip code is 49507 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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1163 Prospect Avenue

Multi-Family Home for sale in Grand Rapids, MI

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