1899 Palace Avenue SW Grand Rapids, MI 49507
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
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyKent
- Taxes$66,200
- HOA/Condo/Coop Fees$0
- Days on Site36 Days
- MLS StatusActive
- MLS ID Number24041905
- Home Size Source N/A
- Year Built1895
- Lot Size0.12 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Vinyl Siding
- Parking Spaces 2
- Sewer Public Sewer
- Basement Michigan Basement
- Acreage 0.12
- Zoning residential
- Cross Street Burton
- Property Sub Type Multi Family
- Utilities Phone AvailableWater AvailableSewer AvailableNatural Gas AvailableElectricity AvailableCable AvailableNatural Gas Connected
Interior Features
- Cooling None
- Heating Forced Air
- Fireplaces 1
- Fireplace Yes
Exterior Features
- Roof Composition
- Waterfront Property No
- Lot LevelSidewalk
Community Features
- Township City of Grand Rapids
- MLS Area Grand Rapids - G