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
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
Title: PRINCIPAL AGENT | REALTOR
Email: [email protected]
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
Legal: LOT 1495* STEINMANN S ASSESSOR S PLAT NO 51* ALSO LOT 9 GAY S SUBDIVISION EXCEPT W 40 FT THEREOF & EXCEPT N 2.69 FT OF E 19.43 FT THEREOF
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)