Grand Rapids, MI 49507 1899 Palace Avenue SW
$227,900
21 more
Presented By: Timothy J VandenToorn at United Realty Services LLC - (616) 965-2304
Home Details
Investment Opportunity! Enjoy a combined rent of $2,295 with this occupied property, with tenants in-place until 2025. Professionally managed by a reputable property management company, offering a seamless transition to a new owner if interested. Features include a new furnace (2022) and city certification until 09/27/2027, vinyl siding and replacement windows. Situated in a great location within a strong rental market and close to amenities. Don't miss this chance to capitalize on strong rental demand and rising property values in Grand Rapids! Both units are occupied: Unit #1 is rented for $1,295/month until 03/31/25, and Unit #2 is rented for $1,000/month until 05/31/25
Presented By: Timothy J VandenToorn at United Realty Services LLC - (616) 965-2304
Interior Features for 1899 Palace Avenue SW
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
BasementMichigan Basement
Basement (Y/N)Yes
Heating Y/NYes
Total Fireplaces1
General for 1899 Palace Avenue SW
Additional Parcels Y/NNo
CityGrand Rapids
Construction MaterialsVinyl Siding
CoolingNone
CountyKent
DirectionsBurton St to Palace Av, north on Palace to property
Electric On Property Y/NNo
HeatingForced Air
High School DistrictGrand Rapids
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLOT 14 BLK 2* BEAR & KIRTLAND ADDITION
Lot Size Square Feet5227.0
Lot Size UnitsAcres
MLS AreaGrand Rapids - G
MLS Area MinorGrand Rapids - G
MobileHomeRemainsYNNo
ModificationTimestamp2024-09-18T13:17:17Z
New ConstructionNo
NumberOfUnitsTotal2
Occupancy TypeTenant
OwnerPaysElectricity, Water, Sewer, Gas
PossessionClose Of Escrow
Property SubType2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
RoofComposition
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount66200.0
Tax Assessed Value36346
Tax Year2024
Tenant PaysTrash Collection
TermsFHA, Cash, Conventional
TownshipCity of Grand Rapids
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Water Available, Sewer Available, Storm Sewer, Broadband
Waterfront Y/NNo
Year Built1895
Zoning Descriptionresidential
Exterior for 1899 Palace Avenue SW
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions40*131
Lot FeaturesLevel, Sidewalk
Lot Size Acres0.12
Lot Size Area0.12
Number of Buildings1
Open Parking Y/NNo
Road Surface TypePaved
SpaNo
Total Parking2.0
Additional Details
Price History
Jenna DeVries
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License #543277