1899 Palace Avenue SW
Grand Rapids, MI 49507
- – beds
- – baths
- – sqft
- 5,227 sqft lot
- 1895 build
- – on site
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
Last checked:
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Last updated Nov 22, 2024
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MLS# 65024041905 —
The Building
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Year Built:1895
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Construction Materials:Vinyl
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Roof Material:Composition
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Foundation Details:Michigan Basement
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# of Units Total:2
Interior
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Basement:Yes
Financial & Terms
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Land Contract:No
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Short Sale:Unknown
Location
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Directions:Burton St to Palace Av, north on Palace to property
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Directions From North South Detail:Burton
The Property
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Property Type:Multifamily
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Parcel Number:411701452051
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Zoning:Residential
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Lot Size Dimensions:40*131
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Lot Size Area:0.12
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Frontage Feet:40
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Waterfront:No
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Road Frontage Type:Paved, Pub. Sidewalk
Listing Agent
- Contact info:
- Agent phone:
- (616) 450-6018
- Office phone:
- (616) 965-2304
Taxes
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Total Taxes:$66,200
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Tax Amount Summer:$66,200
Heating & Cooling
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Heating:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
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Water Source:Public (Municipal), Water at Street
Schools
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School District:Grand Rapids
Parking
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Total Parking:2
Extra Units
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Unit Count:12
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Unit One Bed Number Of:1
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Unit Two Bed Number Of:1
IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Regional Alliance of REALTORS®, © 2024 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/22/24
Nov 22, 2024
|
Price Changed | REALCOMP | $219,900 | -3.5% |
|
9/17/24
Sep 17, 2024
|
Price Changed | REALCOMP | $227,900 | -3.0% |
|
8/12/24
Aug 12, 2024
|
Listed / Active | REALCOMP | $234,900 | 18.3% (17.9% / YR) |
