548 Fulton Street E, Grand Rapids, MI 49503
$407,000 - Sold
- MLS#: 23023953
- Number of Units: 4
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1915
- Basement: Yes
- Air: Window Unit(s)
- Lot Size: 47 X 110
- Square Footage: 0
- Exterior: Brick, Stucco, Wood Siding
- Water: Public
- Acreage: .00
- Heat: Hot Water/Natural Gas
- PPN: 41-14-30-404-007
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Electric,Natural Gas,Telephone Line
- Utilities Available at Street: Cable,Electric,Natural Gas,Public Sewer,Public Water,Telephone Line
- Extras: Laundry Facility,Tenant Storage
- Lot Description: Level
- Frontage/Type: 47 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $400,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: Fulton, Just West Of Union & Lake Drive (Park on Union SE and walk to home)
- Property Description: Great investment opportunity to own a rental property in the heart of the most popular rental district in Grand Rapids. This heritage hill Four unit is currently 75% occupied with a past average annual rental income of $43,000. With some tasteful updating & remodeling the estimated annual rental income could be $55,000 +. New boiler installed in 2022. Home is currently up for rental certification and the new owner would be responsible for completion. Home is also located in the historic district of Heritage Hill and must comply with their standards. Other amenities are a joint laundry area, basement storage and off street parking.
- Commission Offered:
- Buyer Agency: 3.00 % Sub Agency: 4.00 % 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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