429 Washington Street
Grand Rapids,Michigan 49503
Price: $450,000
Est. Monthly Payment: $2,415.59 See Details
Active Status, Bedrooms, 0 Full Baths
5,570 Square Feet, 0.290 Acres
Listing ID # 16035338

Property Description:

Cash flow! Amazing 6 unit in Heritage Hill, offering fully rented well maintained units with several recent updates. These units rents incredibly quickly. 11 off street parking spaces with room for more, 2 attached garages, tenant storage, on-site laundry providing additional income source, on-site land lord storage and more. City certified and completely turn-key. This is an amazing opportunity – call for your tour today.

John Rice
John Rice
Title: PRINCIPAL AGENT | REALTOR
Address: 1679 68th St SE Suite B
City: Calendonia
State/Province: Michigan
Zipcode: 49316
Office Phone: 616-951-4663
Office Fax: 866-927-5346
Cell Phone: 616-951-4663

Primary Features

Air Conditioning: Window Unit
Area: Grand Rapids – G
County: Kent
Heat Type: Forced Air, Hot Water
IDX Property Type: Multi-Family
Municipality: City of Grand Rapids
Property Type: Multi-Family
School District: Grand Rapids
Street Type: Paved
Sub-Area: G41 – Kent County
Total Parking Spaces: 11.0000
Zoning: R-3

Additional

Certificate of Compliance: Yes
Certificate of Compliance Expiration Date:2018-02-23
Extras: Garages, Laundry Facility, Sep Electric Meter, Sep Gas Meter, Tenant Storage
New Construction: No
Possession: AC – Tenants Rights
Post Direction: SE
Property Group ID:19990816212116581394000000
Property Sub Type: 5+ Units
Sewer: Public
Substructure: Full Basement
Terms Available: Cash Only, Cash/Conventional
Total Number of Buildings: 1.00
Unit 1: Dishwasher, Fireplace, Garage, Range Oven, Refrigerator
Unit 1: Unit Description: 1 BD 1 BA
Unit 2: Dishwasher, Range/Oven, Refrigerator
Unit 2: Unit Description: 1 BDR 1BATH
Unit 3: Range/Oven, Refrigerator
Unit 3: Unit Description: Studio
Unit 4: Dishwasher, Fireplace, Garage, Range/Oven, Refrigerator
Unit 4: Unit Description: 1 BDR 1 BATH
Unit 5: Dishwasher, Range/Oven, Refrigerator
Unit 5: Unit Description: 2 BDR 2BATH
Unit 6: Range/Oven, Refrigerator
Unit 6: Unit Description: 3 BDR 2 BATH
Utilities Attached: Cable, Electric, Natural Gas, Telephone Line
Water: Public

Financial Details

Annual Property Tax: 8948.00
Association Fee Includes: None
Auction Details: Auction Date: 0000-00-00
For Tax Year: 2016.00
Income and Expenses: Gross Operating Income: 60731.00
Income and Expenses: Net Operating Inc.:46691.00
Income and Expenses: Total Expenses:14040.00
List Price/SqFt: 80.79
Owner Pays: Electric, Gas, Sewer, Trash, Water
Specific Assessment and Type: none known
Tax ID Number: 411430402013
Tax Year: 2016
Taxable Value: 168200.0000
Tenant Pays: None
Unit 1: Monthly Rent: 950.00
Unit 2: Monthly Rent: 695.00
Unit 3: Monthly Rent: 595.99
Unit 4: Monthly Rent: 875.00
Unit 5: Monthly Rent: 995.00
Unit 6: Monthly Rent: 950.00

Interior Features

Basement: Yes
Heat Source: Natural Gas
Unit 1: Bathrooms: 1
Unit 1: Bedrooms: 1
Unit 1: SqFt: 1100.00
Unit 2: Bathrooms: 1
Unit 2: Bedrooms: 1
Unit 2: SqFt: 850.00
Unit 3: Bathrooms: 1
Unit 3: Bedrooms: 1
Unit 3: SqFt: 600.00
Unit 4: Bathrooms: 1
Unit 4: Bedrooms: 1
Unit 4: SqFt: 1000.00
Unit 5: Bathrooms: 2
Unit 5: Bedrooms: 2
Unit 5: SqFt: 1000.00
Unit 6: Bathrooms: 2
Unit 6: Bedrooms: 3
Unit 6: SqFt: 1300.00

Location Information

Cross Streets: College
Utilities Available at Street: Telephone Line

External Features

Exterior Material: Wood
Lot Description: Level, Sidewalk
Lot Dimensions: 84 x 147 apprx
Lot Measurement: Acres
Lot SqFt Range: 12632.00
Road Frontage: 84.00
Water Access: No
Waterfront: no

Area Info

Listing courtesy of John P Rice – Berkshire Hathaway HomeServices Michigan Real Estate (South)

We would love to hear from you!

Let’s connect and get you on the path to success!

A few words from our clients:
We can’t say enough good things about John. He is an awesome realtor! We bought our home with his help and just recently sold it with his help. He is highly knowledgeable about the Grand Rapids area market and his expertise and professionalism has shown through both times we worked with him...John is a wonderful communicator and a genuine person. His sincerity has been evident in his commitment to making the purchase and sale experience as seamless and informed as possible. We consider ourselves incredibly fortunate to have worked with John and strongly recommend him without reservation!
E&T VanBuskirk
We have worked with John to sell 1 home and buy 2 homes and he is an incredible realtor! He is professional, prompt with communication, honest and patient. We had quite the list for what we were looking for and John was always available to answer questions and get us in to look at a home. His knowledge and connections in the industry made both the buying and selling process go smoothly. We simply cannot recommend John enough!
Chase and Nicole O
John helped us sell our house when we moved out of Grand Rapids 3 years ago and recently helped us purchase a new house when we moved back. He is very professional and knowledgeable of the area and market. I would recommend him to anyone looking to buy or sell.
S&K Weber
It was a wonderful experience working with John. His professionalism, honesty, experience, and knowledge of the Grand Rapids market, helped us in multiple ways. John sold our home in one day, was honest about what we could expect from offers, and was spot on. As we progressed toward finding our new home, again, he was extremely knowledgeable about the neighborhoods, home values, and history of the homes. We are more than happy to say, that he helped us find our dream home within our budget! Anything I needed, he was there through emails, texts, or phone calls. He definitely put in a lot of work for us. Without a doubt, I will ask for his assistance again when the time comes. Thank you John!
T&A Lascari
We moved to the Grand Rapids area 11 years ago and John was very patient as we found our first home and made the experience absolutely seamless! When we were ready to sell and buy again we knew to reach out to John. As we remembered and appreciated, John is an absolute professional and was and advocate for our best interests at all times during this wild market. We found great value in our new home and he helped us get top dollar for our sale. Grateful to have him on our side though the whole process. You won’t be disappointed!
Lance W
We have worked with John multiple times now, both buying and selling homes. We 100% recommend him and he’ll always be our go-to realtor for any future real estate needs. John is experienced in the industry and well-known and respected. He is extremely professional and knowledgeable, on top of being an all-around nice guy. He is responsive and answered all of our questions along the way. We asked John for several referrals for other services (lender, cleaner, etc.) and we were very happy with all his suggestions. John is honest and will listen to your concerns/opinions. He is never pushy, but gives great advice based on his years of experience. We are so thankful for the guidance we received from John to make our recent home buying and selling experience successful and quick! If you need a realtor, call John.
G&E Webb
John Rice is hands down one of the best realtors in the Grand Rapids and surrounding areas. We have utilized him as our realtor on two separate occasions, once over 10 years ago, and again over the last several months to buy/sell. He is incredibly knowledgeable and uses his expertise to help guide you in your choices throughout the realty process. He is professional, kind, has impeccable attention to detail, responsive, and clearly loves what he does. Choose John for your realty needs…he is the best of the best!
Amanda W
Purchased and sold with John, he is: Professional, an extremely good communicator, precise, and acted on our behalf 24/7. He kept us up to date on listings for purchase and preparation advice for selling our home. He was knowledgeable about neighborhoods. Photography for sale of our house was impressive. We were appreciative of the guidance regarding making offers, inspections, when to list our home, writing contracts, detailed review and presentation of offers on our home and being realistic about our purchase of new home. Great experience, Great Realtor.
J&G Junod