1305 Ford Avenue NE, Grand Rapids, MI 49505
$242,500 - Sold
- MLS#: 23009013
- Number of Units: 2
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1875
- Basement: Yes
- Air: None
- Lot Size: 55X120
- Square Footage: 2,216
- Exterior: Wood Siding
- Water: Public
- Acreage: .15
- Heat: Forced Air/Natural Gas
- PPN: 41-14-18-455-018
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Cable,Electric,Natural Gas
- Utilities Available at Street: Cable,Electric,Natural Gas,Public Sewer,Public Water
- Extras: None
- Lot Description:
- Frontage/Type: 55 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $265,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: E on Leonard, N on College
- Property Description: Large, cash flowing 2-unit fully occupied with good tenants!! Enjoy a 10.2% cap rate! Appraised for $264k in May 2022. Newer furnace in lower unit. Both units are 3BR/1BA. Currently rented for a total of $2795 /mo. Separate utilities. Upper unit has 3 separate, long term tenants renting bedrooms at $500 per room. Tenants pay electric/gas/trash in lower. Owner pays all utilities for upper unit. All leases M2M. Full recent inspection report, leases, rent rolls, and expenses provided in attached docs. Current city rental certificate good through 3/5/2025.Seller is a licensed real estate agent.
- Commission Offered:
- Buyer Agency: 3.00 % Sub Agency: 2.00 % Transaction Coordinator:
- Disclaimer: The listing broker's offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
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