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  • $385,000

    1021-1023 Sheridan Ave SW, Grand Rapids, MI 49504

    8beds
    4baths
    2,892sqft
    2 to 4 Units
    Built in 1900
    -- sqft lot
    $423,300 Zestimate®
    $133/sqft
    $1,566 Estimated rent

    Home value

    $423,300

    $398,000 - $449,000

    $1,566/mo

    Zestimate® history
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    $2,424/mo

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    What's special

    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 ½ 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cassandra Beyer 231-206-4416,

    Charter Properties

    Bought with:

    Ahmed ''Ali'' Khalil, 6501425556

    eXp Realty LLC

    Source: MichRIC,MLS#: 24037018MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Forced Air
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 2,892 sqft

    Property

    Parking
    • Total spaces: 2
    Lot
    • Size: 4,791 Square Feet
    • Dimensions: 40 x 115
    Details
    • Parcel number: 411336380026
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Vinyl Siding
    • Roof: Composition
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Utilities for property: Natural Gas Connected, Electricity Connected

    Community & HOA

    Location
    • Region: Grand Rapids

    Financial & listing details

    • Price per square foot: $133/sqft
    • Tax assessed value: $107,205
    • Annual tax amount: $5,315
    • Date on market: 7/30/2024
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Gas
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    9/25/2024Sold$385,000-3.8%$133/sqft
    Source: MichRIC #24037018 Report a problem
    8/22/2024Pending sale$400,000$138/sqft
    Source: MichRIC #24037018 Report a problem
    7/30/2024Listed for sale$400,000$138/sqft
    Source: MichRIC #24037018 Report a problem
    7/24/2024Pending sale$400,000$138/sqft
    Source: MichRIC #24037018 Report a problem
    7/18/2024Price change$400,000+105.1%$138/sqft
    Source: MichRIC #24037018 Report a problem
    6/12/2022Pending sale$195,000$67/sqft
    Source: MichRIC #22023246 Report a problem
    6/10/2022Listed for sale$195,000$67/sqft
    Source: MichRIC #22023246 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Roosevelt Park

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $423,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $423,300