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Sold for $312,000
  • $312,000

    515 E Grove St, Midland, MI 48640

    5beds
    2,796sqft
    Multi Family, 1 to 4 Units
    Built in 1890
    -- sqft lot
    $345,700 Zestimate®
    $112/sqft
    $1,404 Estimated rent

    Home value

    $345,700

    $325,000 - $366,000

    $1,404/mo

    Zestimate® history
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    $2,061/mo

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    What's special

    Modernized bathroomsContemporary charmNew lighting fixturesFresh paintOversized hot water tankNew boilerFront porch
    Average monthly revenue of $4,035. Welcome to your next investment venture! This meticulously maintained four-unit property is a golden opportunity for savvy investors. With all units currently occupied, you'll enjoy immediate returns on your investment. Inside, three out of the four units have been tastefully updated with new flooring, fresh paint, and modernized bathrooms. With new lighting fixtures throughout, these units shine with contemporary charm, attracting quality tenants and maximizing rental income. Step outside and admire the newer installed roof, ensuring durability and peace of mind for years to come. The front porch, crafted from low-maintenance Trex material, adds to the property's curb appeal while reducing maintenance hassles. Plus, the freshly painted exterior gives the building a crisp, inviting look that tenants and locals alike will appreciate. The upgrades don't stop there! A brand-new storage shed provides convenient storage space, while a new boiler and oversized hot water tank ensure efficient operation and lower utility costs. There's more! This property offers additional income potential with a shared basement featuring coin laundry facilities. That's right, sit back and watch as the coin-operated machines generate steady income month after month. Located in a desirable area, this property promises steady rental income and long-term appreciation. Don't miss out on this lucrative investment opportunity – schedule your viewing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Bryan Gardner,

    Ayre Rhinehart Real Estate Partners

    Bought with:

    Denise Vinson, 6501361552

    Century 21 Signature Realty Midland

    Source: MIDMLS,MLS#: 50140991MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Boiler
    Appliances
    • Included: Range/Oven, Refrigerator, Gas Water Heater
    • Laundry: Lower Level
    Features
    • Eat-in Kitchen
    • Basement: Block,Common,Full
    • Has fireplace: No
    Interior area
    • Total structure area: 2,796
    • Total interior livable area: 2,796 sqft

    Property

    Parking
    • Parking features: 3 or More Spaces
    Features
    • Levels: More than 2 Stories
    • Patio & porch: Porch
    • Exterior features: Sidewalks, Street Lights
    Lot
    • Size: 0.30 Acres
    • Dimensions: 110 x 90
    • Features: Subdivided
    Details
    • Additional structures: Shed(s)
    • Parcel number: 141650034

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, 1 to 4 Units
    Materials
    • Foundation: Basement
    Condition
    • Year built: 1890

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sanitary
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Laundry Facility
    Location
    • Region: Midland
    • Subdivision: Carpenter's Addition to The City of Midland

    HOA & financial

    Other financial information
    • Total actual rent: 3855

    Other

    Other facts
    • Price range: $312K - $312K
    • Listing terms: Cash,Conventional
    • Ownership: LLC

    Price history

    DateEventPrice
    5/29/2024Sold$312,000-4%$112/sqft
    Source: MIDMLS #50140991 Report a problem
    5/8/2024Pending sale$325,000$116/sqft
    Source: MIDMLS #50140991 Report a problem
    5/3/2024Listed for sale$325,000+104.4%$116/sqft
    Source: MIDMLS #50140991 Report a problem
    8/30/2019Sold$159,000$57/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,638 +5.1%$115,400 +17.6%
    2024$4,414 $98,100

    Find assessor info on the county website

    Neighborhood: 48640

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Midland Public Schools

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

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