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Sold
  • $620,000

    1248 Northfield Ave NE, Grand Rapids, MI 49505

    8beds
    4baths
    4,520sqft
    2 to 4 Units
    Built in 1961
    -- sqft lot
    $673,100 Zestimate®
    $137/sqft
    $1,375 Estimated rent

    Home value

    $673,100

    $633,000 - $713,000

    $1,375/mo

    Zestimate® history
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    What's special

    **Prime Investment Opportunity for investor or owner occupant in Grand Rapids NE** Explore this exceptional 4-unit townhouse apartment building boasting a captivating mid-century modern aesthetic. Constructed with durability in mind, including solid concrete dividing walls, this property promises lasting quality. Each unit features a consistent layout comprising 2 bedrooms, 1 bath, and full basements complete with laundry hookups. The basements offer potential for expansion or additional amenities, ideal for customizing to suit tenant needs. Benefit from numerous updates throughout, ensuring low-maintenance upkeep. The property includes four convenient carport stalls, one per unit, enhancing tenant convenience and appeal. Located in close proximity to downtown Grand Rapids amidst a backdr op of exciting upcoming developments, this property presents an enticing investment opportunity. All tenants are currently on month-to-month leases with $1290/Month on each units, providing flexibility for new ownership. Viewings are limited during open houses to respect tenants' privacy, with full access granted post-accepted offer or during inspection, minimizing disruption. Whether you're an investor seeking to diversify your portfolio or an owner-occupant looking for a sound investment, this property is not to be missed. Schedule your viewing today! Photos are from similar units before tenant move in. Please do not distrub the tenants. Seller to review all offer on 5/20 at 7 pm. Seller is a Licensed real estate broker in the State Of Michigan.

    Zillow last checked:

    Listing updated:

    Listed by:

    Vung L Mang 616-485-8138,

    Blue Beacon Realty - I

    Bought with:

    Vung L Mang, 6506048789

    Source: MichRIC,MLS#: 24022966MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Forced Air
    Cooling
    • Window Unit(s)
    Features
    • Basement: Full
    Interior area
    • Total interior livable area: 4,520 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Asphalt, Driveway, Paved
    Lot
    • Size: 0.28 Acres
    • Dimensions: 109 x 110
    Details
    • Parcel number: 411417352025
    • Zoning description: RES

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: 2 to 4 Units
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Sewer: Public Sewer, Storm Sewer
    • Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Cable Connected

    Community & HOA

    Location
    • Region: Grand Rapids

    Financial & listing details

    • Price per square foot: $137/sqft
    • Tax assessed value: $156,800
    • Annual tax amount: $4,552
    • Date on market: 5/10/2024
    • Listing terms: VA Loan,FHA,Cash,Conventional
    • Tenant pays: None, Electricity, Gas
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/1/2024Sold$620,000-2.8%$137/sqft
    Source: MichRIC #24022966 Report a problem
    5/22/2024Pending sale$637,900$141/sqft
    Source: MichRIC #24022966 Report a problem
    5/10/2024Listed for sale$637,900$141/sqft
    Source: MichRIC #24022966 Report a problem
    12/5/2015Listing removed$825
    Source: BOB SCHARF REAL ESTATE Report a problem
    11/28/2015Listed for rent$825+10%
    Source: BOB SCHARF REAL ESTATE Report a problem
    5/23/2014Listing removed$750
    Source: Zillow Rental Network Report a problem
    5/21/2014Listed for rent$750+8.7%
    Source: BOB SCHARF REAL ESTATE Report a problem
    8/24/2012Listing removed$690
    Source: BOB SCHARF REAL ESTATE Report a problem
    6/6/2012Price change$690-3.5%
    Source: BOB SCHARF REAL ESTATE Report a problem
    5/26/2012Listed for rent$715
    Source: BOB SCHARF REAL ESTATE Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,131 $215,300 +37.3%
    2024-- $156,800 +23.8%
    2021$4,165 $126,700
    2020$4,165 +3.2%$126,700 +25.9%
    2019$4,037 $100,600 +5.6%
    2018-- $95,300 +10.3%
    2017$3,958 $86,400 +3.8%
    2016$3,958 $83,200
    2015$3,958 +5%$83,200 +14.6%
    2013$3,771 $72,600 -2.7%
    2011-- $74,600 -11.7%
    2010-- $84,500 -11.5%
    2009-- $95,500 +0.5%
    2007-- $95,000 -1.4%
    2006-- $96,318 +3.7%
    2005-- $92,882 +3.3%
    2004-- $89,915 +6.2%
    2002-- $84,649 +3.2%
    2001-- $82,025
    Find assessor info on the county website

    Neighborhood: Creston

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $673,100
    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
    $673,100