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Off market
  • $506,600

    361 Richard Ter SE #2, Grand Rapids, MI 49506

    --beds
    0baths
    --sqft
    MultiFamily
    Built in 1900
    -- sqft lot
    $506,600 Zestimate®
    $--/sqft
    $1,627 Estimated rent

    Home value

    $506,600

    $436,000 - $598,000

    $1,627/mo

    Zestimate® history
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    $1,627/mo

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    $1,627/mo

    Rent Zestimate®

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    $3,259/mo

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    $3,259/mo

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    What's special

    Great 2 unit listing in Eastown where your investment dollars are well spent! This property currently operates with a $40,020 gross income $30,168 net, rent is $1650 per unit and is selling at a 10% cap rate with a 8% management fee included. It gets even better with both units rented until summer 2017 with GR cert. of compliance until June 2022. Property has been through recent extensive update. See attached list. Units are 4 bedroom, 1.5 bath with close to 2000 square feet of living space including laundry facilities for each unit. Nice stone front porch and updated front and back landscaping give house great curb appeal. Tenants love the new cement patios out back. Renters are just steps away from restaurants, shops and the great living downtown GR has to off

    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

    Property

    Features
    • Exterior features: Stone, Vinyl
    Lot
    • Size: 3,920 Square Feet
    Details
    • Parcel number: 411429457026

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Composition
    Condition
    • Year built: 1900

    Community & HOA

    Location
    • Region: Grand Rapids

    Price history

    DateEventPrice
    9/2/2022Listing removed--
    Source: MichRIC #22034014 Report a problem
    8/9/2022Listed for sale$465,000+47.2%
    Source: MichRIC #22034014 Report a problem
    10/3/2016Sold$316,000+1.9%
    Source: MichRIC #16041976 Report a problem
    8/23/2016Pending sale$310,000
    Source: Midwest Properties #16041976 Report a problem
    8/12/2016Listed for sale$310,000
    Source: Midwest Prop of Michigan(Main) #16041976 Report a problem

    Public tax history

    Tax history is unavailable.
    Find assessor info on the county website

    Neighborhood: Eastown

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Grand Rapids

    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
    $506,600
    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
    $506,600