736 Cherry Street SE, Grand Rapids, MI 49503
$800,000 - Sold
- MLS#: 23028397
- Number of Units: 6
- Type: 5+ Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1915
- Basement: Yes
- Air: Central Air,None11
- Lot Size: 50 X 82
- Square Footage: 0
- Exterior: Brick, Wood Siding
- Water: Public
- Acreage: .09
- Heat: Forced Air/Natural Gas
- PPN: 41-14-30-482-001
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Cable,Electric,Natural Gas
- Utilities Available at Street: Cable,Telephone Line
- Extras: None
- Lot Description: Corner Lot,Sidewalk
- Frontage/Type: 20 / Street, 0 / Water
- Terms: Cash, Conventional, Land Contract
- Original Price: $950,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: W. of Eastern on the corner of Wealthy and Charles
- Property Description: Rare opportunity to own a 6-unit apartment building in Cherry Hill historic district! Location can't be beaten, you're within walking distance to shops, restaurants and directly across from the newly renovated Cherry Park. There is coin-operated laundry (Property owned) in the basement. Value add opportunity to implement a utility bill back/RUBS program to recapture some of the utility expense and raise rents to market rate, since many leases are month-month. This property has tons of updates and capital improvements. Common area hallways have been completely renovated, new furnaces and AC units have been added to the 2br units. In addition, many units have been re-drywalled, painted and updated. Don't miss this opportunity to own in the Cherry Hill district.
- Commission Offered:
- Buyer Agency: $ 2.50 Sub Agency: 6.00 % Transaction Coordinator: 2.50 %
- 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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