$400,000
Pending

1021-1023 Sheridan Avenue SW

Grand Rapids, MI 49503
Browse 30 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Great investment opportunity to own a duplex and single family house right next to each other on two separate parcels. All three units are currently rented month-to-month for $4,450 per month. Electric and gas are individually metered for each unit. Water/sewer is shared for all three units. Certificate of compliance issued by the city until 9/23/2026. Take advantage of the cash flow already established and the possibility to sell the properties separately in the future. Or live in one unit and have the other two units pay the mortgage. 1021 is a 4 bedroom, 1 1/2 bathroom single family. 1023 is a upper/lower duplex, each with 2 bedrooms and 1 bathroom. Both buildings have new roofs and attic venting in 2022. Tax information is for both parcels - 41-13-36-380-025 and 41-13-36-380-026.

  • Interior Details
      • HeatingForced Air
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1900
  • Community and Neighborhood Details
      • School DistrictGrand Rapids
      • RegionGrand Rapids
      • ZoningResidential
      • CountyKent
  • Financial Details
      • Original List Price$400,000
  • Other
      • MLS #65024037018

Location

Alexis ThompsonReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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