447 Wealthy Street SE, Grand Rapids, MI 49503 (MLS# 19025734)

447 Wealthy Street SE, Grand Rapids, MI 49503

$1,300,000

Property Type: Multi Family Lot Size (sq. ft.): 6,534 Status: Sold

Current Price: $1,300,000 List Date: 6/07/2019 Last Modified: 11/26/2022

Overview

Description

Iconic heritage hill 14 unit property for sale. These two 7 unit all brick buildings are comprised of large 2 bedroom units. With prime location and increasing area rents this investment offering will supply a solid return. The buildings major mechanical's, interior, exterior and grounds have been meticulously kept. This is a landmark property and a profitable investment. Message us for a private showing.

Listing Details MLS# 19025734

Location Property Info

County: Kent
Street #: 447
Street Name: Wealthy
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49503

General Property Info

Lot Measurement: Acres
Lot Square Footage: 6534
Lot Acres: 0.15
Lot Dimensions: .15
Year Built: 1923
New Construction: No
Cert of Compliance: Yes
Road Frontage: 180
Total # Units: 14
# of Diff Unit Floor Plans: 3
Total # Bldgs: 2
Waterfront: No
School District: Grand Rapids
Basement: Yes
Total Parking Spaces: 0

Tax Info

Tax ID #: 411430452039
Taxable Value: 222865
SEV: 466900
For Tax Year: 2019
Seller's Annual Property Tax: 11529
Tax Year: 2018
Spec Assessment & Ty: N/A
Zoning: TBA
Homestead %: 0

Remarks Misc

Directions: From US-131, East on Wealthy Street, just past Morris.

Status Change Info

Under Contract Date: 2019-06-20
Sold Date: 2019-07-17

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit Description: 447 Wealthy unit 1
SqFt: 1000
Occupied: Yes
Monthly Rent: 895
Bathrooms: 2
Range Oven: Yes
Refrigerator: Yes

Unit 2

Unit Description: 447 wealthy unit 2-7
SqFt: 800
Occupied: Yes
Monthly Rent: 910
Bathrooms: 2

Unit 3

Unit Description: 353 College unit 1-7
SqFt: 900
Occupied: Yes
Monthly Rent: 980
Bathrooms: 2

Location & Property Info

Cross Streets: College & Wealthy
Property Sub-Type: 5+ Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Legal: LOT 38 BLK 1* MORRIS ADDITION

Util Avail at Street

High Speed Internet: Yes
Public Sewer: Yes
Storm Sewer: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Exterior Material

Brick: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Radiant: Yes

Tenant Pays

Electric: Yes
Trash: Yes

Substructure

Full: Yes

Extras

Laundry Facility: Yes
Sep Electric Meter: Yes
Sep Gas Meter: Yes
Tenant Storage: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Subject To Tenant Rights: Yes

Property Features

Exterior Material: Brick Substructure: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: High Speed Internet; Public Sewer; Storm Sewer Extras: Laundry Facility; Sep Electric Meter; Sep Gas Meter; Tenant Storage Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric; Trash Heat Source: Natural Gas Heat Type: Radiant Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: Range Oven; Refrigerator

Listing Office: Bluhouse Properties LLC - I

Listing Agent: Ryan J Ogle

Last Updated: November - 26 - 2022

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