This is a rare 3 unit opportunity with a return that exceeds ''the 1% rule.'' Gross rents are $3,745.00, with potential to increase. Vouchers are now worth $1,985.00 for 3bedrooms in Grand Rapids making it possible to increase the gross rents to $5,495.00 These properties are hard to find in Grand Rapids. The property is fully occupied and the tenants are in good standing with professional management in place. One 3 bedroom unit will be opening up in the next couple of weeks. Separate utilities. The roof was just replaced this year creating a low maintenance property. City Certified until 11/25. Don't miss this opportunity to jump into immediate cash flow.
Sold
$350,000
1816 Horton Ave SE, Grand Rapids, MI 49507
7beds
3baths
2,800sqft
2 to 4 Units
Built in 1898
-- sqft lot
$391,500 Zestimate®
$125/sqft
$1,494 Estimated rent
Home value
$391,500
$368,000 - $415,000
$1,494/mo
Zestimate® history
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$2,241/mo
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Separate utilities
Zillow last checked:
Listing updated:
Listed by:
Timothy J VandenToorn 616-450-6018,
United Realty Services LLC
Bought with:
Justin M Rinks, 6501420063
Century 21 Affiliated (GR)
Source: MichRIC,MLS#: 23021400
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 2,800 sqft
Property
Parking
- Total spaces: 8
Lot
- Size: 5,227 Square Feet
- Dimensions: 40*132
Details
- Parcel number: 411806352005
- Zoning description: residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1898
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $100,800
- Annual tax amount: $2,800
- Date on market: 7/11/2023
- Listing terms: Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2023 | Sold | $350,000+0%$125/sqft |
Source:  MichRIC #23021400 Report a problem | ||
| 7/16/2023 | Pending sale | $349,900$125/sqft |
Source: MichRIC #23021400 Report a problem | ||
| 7/11/2023 | Listed for sale | $349,900$125/sqft |
Source: MichRIC #23021400 Report a problem | ||
| 6/30/2023 | Pending sale | $349,900$125/sqft |
Source: MichRIC #23021400 Report a problem | ||
| 6/22/2023 | Listed for sale | $349,900+61.2%$125/sqft |
Source: MichRIC #23021400 Report a problem | ||
| 1/27/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 1/19/2023 | Price change | $1,125-2.2% |
Source: Zillow Rentals Report a problem | ||
| 1/13/2023 | Listed for rent | $1,150+5% |
Source: Zillow Rentals Report a problem | ||
| 9/13/2022 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/9/2022 | Price change | $1,095-4.8% |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/8/2022 | Price change | $1,150+5% |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/7/2022 | Price change | $1,095-4.8% |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/23/2022 | Price change | $1,150-3.8% |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/16/2022 | Price change | $1,195-4.4% |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/8/2022 | Price change | $1,250-3.5% |
Source: Zillow Rental Network Premium Report a problem | ||
| 7/28/2022 | Listed for rent | $1,295+8.4% |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/22/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 6/11/2021 | Listed for rent | $1,195 |
Source: Zillow Rental Network Premium Report a problem | ||
| 2/14/2020 | Sold | $217,000$78/sqft |
Source: Public Record Report a problem | ||
| 7/29/2019 | Listed for sale | $217,000+1055.7%$78/sqft |
Source: Five Star Real Estate (Main) #19035791 Report a problem | ||
| 8/6/2009 | Sold | $18,777-6.1%$7/sqft |
Source: Public Record Report a problem | ||
| 4/1/2009 | Listing removed | $20,000$7/sqft |
Source: foreclosure.com Report a problem | ||
| 3/18/2009 | Listed for sale | $20,000-83.6%$7/sqft |
Source: foreclosure.com Report a problem | ||
| 4/1/2008 | Sold | $122,038+3.4%$44/sqft |
Source: Public Record Report a problem | ||
| 10/27/2004 | Sold | $118,000$42/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,441 | $131,200 +5.6% |
| 2024 | -- | $124,200 +30.1% |
| 2021 | $2,127 | $95,500 +17% |
| 2020 | $2,127 -48.2% | $81,600 +27.5% |
| 2019 | $4,107 | $64,000 +19.9% |
| 2018 | -- | $53,400 +34.8% |
| 2017 | $1,927 | $39,600 +14.1% |
| 2016 | $1,927 | $34,700 |
| 2015 | $1,927 +8.6% | $34,700 -13.3% |
| 2013 | $1,774 | $40,000 -38.7% |
| 2011 | -- | $65,200 -13.9% |
| 2010 | -- | $75,700 -5% |
| 2009 | -- | $79,700 +63% |
| 2007 | -- | $48,900 +4% |
| 2006 | -- | $47,025 +3.7% |
| 2005 | -- | $45,348 +3.3% |
| 2004 | -- | $43,900 +78.6% |
| 2002 | -- | $24,586 +3.2% |
| 2001 | -- | $23,824 |
Find assessor info on the county website
Neighborhood: Garfield Park
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Nearby schools
GreatSchools rating
- 3/10Buchanan SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Burton Middle SchoolGrades: 6-8Distance: 0.5 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 1.5 mi
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Estimated market value
$391,500
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
$391,500
- Michigan
- Kent County
- Grand Rapids
- 49507
- Garfield Park
- 1816 Horton Ave SE
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