Sold

$265,000

1014-1016 Burton St SE, Grand Rapids, MI 49507

6beds

4baths

2,378sqft

2 to 4 Units

Built in 1933

-- sqft lot

$357,000 Zestimate^®

$111/sqft

$1,662 Estimated rent

Home value

$357,000

$328,000 - $389,000

$1,662/mo

Zestimate^® history

Owner options

List your home for rent

$1,662/mo

Rent Zestimate^®

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$1,662/mo

Rent Zestimate^®

Refinance and save

$1,688/mo

Est. payment

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$1,688/mo

Est. payment

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What's special

Newer boiler unitsWood floors

Great investment opportunity with this brick two unit on the edge of Alger Heights! Side by side townhouse style units with 3 beds 1.5 baths on both sides (3rd bedrooms have no closets). Wood floors, newer boiler units, newer water heaters, and all separate utilities. All city certificates up to date. Long term renters who have been there for 10+ years and currently on month to month leases with rents guaranteed and direct deposited from Wyoming Housing Commission. Tenants take good care of units and care for the lawn. Parking for 4 behind on the alley. Great opportunity to purchase and cash flow immediately! Owner is licensed real estate broker in the state of Michigan

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 4

Heating

Hot Water

Features

Basement: Full

Interior area

Total interior livable area: 2,378 sqft

Property

Parking

Total spaces: 4
Parking features: Driveway, Gravel

Lot

Size: 1 Acres
Dimensions: 1
Features: Sidewalk

Details

Parcel number: 411808126004
Zoning description: x

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Brick, Stucco
Roof: Composition

Condition

New construction: No
Year built: 1933

Utilities & green energy

Utilities for property: Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Community & HOA

Community

Subdivision: Alger

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $111/sqft
Tax assessed value: $44,551
Annual tax amount: $2,250
Date on market: 8/15/2023
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
9/15/2023	Sold	$265,000$111/sqft
Source: MichRIC #23029872 Report a problem
8/20/2023	Pending sale	$265,000$111/sqft
Source: MichRIC #23029872 Report a problem
8/15/2023	Listed for sale	$265,000$111/sqft
Source: MichRIC #23029872 Report a problem