550 Madison Avenue SE, Grand Rapids, MI 49503
$400,000 - Sold
- MLS#: 23139280
- Bedrooms: 5
- Bathrooms: 2 Full 1 Half
- Square Footage: 2,358
- Type: Single Family
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1910
- Design: Traditional
- Basement: Full, Michigan Basement
- Exterior: Wood Siding
- Garage: 2, Detached
- Air: None
- Fireplaces: 2
- Pool: No
- Sq Ft Above Grade: 2,358
- Total Finished Sq Ft: 2,358
- Lot Size: 71x132
- Acreage: .22
- Street Type: Paved,Public
- Heat: Forced Air/Natural Gas
- PPN: 41-14-31-205-012
- Water: Public
- Sewer: Public
- Water Body: None
- Features: Balcony, Patio
- Water Features: None
- Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer
- Kitchen Features: Eating Area
- Accessibility Features: No
- Outbuildings: None
- Landscape: None
- Pool Description: None
- Lot Description: Sidewalk
- Frontage/Type: 71 / Street, 0 / Water
- Terms: Cash, Conventional, FHA, VA Loan
- Original Price: $379,900
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: Madison Between Pleasant And Logan
- Property Description: Amazing opportunity for rental income in this two flat well cared for home. This property is set up as an up and down duplex. There is a kitchen, living room, two bedrooms and entry way on the main level. Upstairs has a 2nd kitchen large dining area, a full bath, half bath and 3 bedrooms. Both units feature hardwood floors and beautiful historic detail. The property was zoned as a duplex until 2009 and could possibly be again. The city currently has it zoned as a SFR and you could have a roommate live in their very own living space on a different floor if you didn't want to apply for it to become a 2 unit again - please verify with the GR planning commission on the process for doing this. The exterior was painted this year, newer roof and both furnaces are new in the past 2 years
- Commission Offered:
- Buyer Agency: 3.00 % Sub Agency: 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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