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Off market
  • $282,200

    109 S 2nd St, Cedar Springs, MI 49319

    --beds
    0baths
    2,165sqft
    MultiFamily
    Built in 1950
    -- sqft lot
    $282,200 Zestimate®
    $130/sqft
    $1,267 Estimated rent

    Home value

    $282,200

    $254,000 - $313,000

    $1,267/mo

    Zestimate® history
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    $1,267/mo

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    $1,267/mo

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    $1,773/mo

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    $1,773/mo

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    What's special

    Great investment opportunity in this 4 unit rental property. It is 100% occupied and when there is a rare vacancy, there are several qualified applicants ready to move in! Great location in downtown Cedar Springs, Easy walk to schools, restaurants, and shopping. Unit #1: 1 Bedroom $425/month. Unit #2: 2 Bedroom $425/month. Unit #3: 1 Bedroom $450/month. Unit #4: 1 Bedroom $395/month Total gross monthly rent: $1,695. Each unit pays their own electric and gas as they each havetheir own meters. Each unit has a wall furnace and fully stocked kitchens. There is onsite parking for the tenants. Unit 2's tenant has lived here since 1/2013! Unit 3's tenant since 12/2012! Unit 1's tenant since 6/2014! Landlord pays trash and water. This rental property has an amazing ROI and will sell fast at this price.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Gas
    Appliances
    • Included: Refrigerator
    Interior area
    • Total interior livable area: 2,165 sqft

    Property

    Parking
    • Total spaces: 4
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 9,583 sqft
    Details
    • Parcel number: 410225484005

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1950

    Utilities & green energy

    • Sewer: Public

    Community & neighborhood

    Location
    • Region: Cedar Springs

    Other

    Other facts
    • Lot Description: Level
    • Substructure: Crawl Space
    • Sewer: Public
    • Util Avail at Street: Telephone Line, Electric, Public Sewer, Public Water, Broadband
    • Terms Available: Cash/Conventional
    • Heat Type: Wall Furnace
    • Utilities Attached: Electric
    • Owner Pays: Sewer, Water
    • Tenant Pays: Gas, Electric
    • Water: Public
    • Cert of Compliance: Yes
    • Unit 1: Range Oven
    • Unit 2: Range/Oven
    • Lot Measurement: Acres
    • Property Sub-Type: 2 to 4 Units
    • Occupant Type: Tenant
    • Driveway: Unpaved
    • Unit 3: Range/Oven
    • Unit 4: Range/Oven
    • Auction or For Sale: For Sale
    • Unit 1: Occupied: Yes
    • Unit 2: Occupied: Yes
    • Unit 3: Occupied: Yes
    • Unit 4: Occupied: Yes
    • Financial Available: %

    Price history

    DateEventPrice
    10/16/2017Sold$102,500-2.4%$47/sqft
    Source: MichRIC #17041801 Report a problem
    8/17/2017Listed for sale$105,000+28.6%$48/sqft
    Source: Kermath Realty LLC #17041801 Report a problem
    10/9/2015Sold$81,633-14%$38/sqft
    Source: MichRIC #15037236 Report a problem
    7/16/2015Listed for sale$94,900-5%$44/sqft
    Source: J Buckley & Associate, Inc. #eps-1308147769-1436900007 Report a problem
    4/29/2015Listing removed$99,900$46/sqft
    Source: Pettibone, Douglas C. #15014032 Report a problem
    4/2/2015Listed for sale$99,900+42.7%$46/sqft
    Source: Pettibone, Douglas C. #15014032 Report a problem
    1/17/2013Sold$70,000-12.4%$32/sqft
    Source: Public Record Report a problem
    12/10/2012Listed for sale$79,900+166.3%$37/sqft
    Source: Coldwell Banker Schmidt REALTORS #12063679 Report a problem
    10/6/2011Sold$30,000-66.5%$14/sqft
    Source: Public Record Report a problem
    1/19/2011Sold$89,666$41/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,077 $114,300 +41.3%
    2024-- $80,900 -23.1%
    2021$3,624 $105,200 +28.6%
    2020$3,624 +2.1%$81,800 +9.1%
    2019$3,549 $75,000 +32.3%
    2018-- $56,700 +9%
    2017$3,193 $52,000 +22.6%
    2016$3,193 $42,400
    2015$3,193 $42,400 +3.2%
    2013-- $41,100 -10.3%
    2011-- $45,800 -3%
    2010-- $47,200 +26.2%
    2009-- $37,400 -8.1%
    2007-- $40,700 +32.8%
    2006-- $30,647 +3.7%
    2005-- $29,554 +3.3%
    2004-- $28,610 +6.2%
    2002-- $26,935 +3.2%
    2001-- $26,100

    Find assessor info on the county website

    Neighborhood: 49319

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Cedar Springs

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $282,200
    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
    $282,200