Sold

$321,000

834 Flat St NE, Grand Rapids, MI 49503

5beds

2baths

2,064sqft

2 to 4 Units

Built in 1930

-- sqft lot

$367,000 Zestimate^®

$156/sqft

$1,910 Estimated rent

Home value

$367,000

$341,000 - $393,000

$1,910/mo

Zestimate^® history

Owner options

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$1,910/mo

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$1,910/mo

Rent Zestimate^®

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$2,020/mo

Est. payment

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$2,020/mo

Est. payment

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What's special

Separate gasMedical mileNew kitchen

Welcome to your next investment opportunity. This all-brick two-unit property on a double lot is an exceptional chance for both investors and owner occupiers alike. Situated conveniently close to downtown and the medical mile, its location is primed for convenience and growth. The 2 bedroom, 1 bath upper unit boasts a recent makeover including an all new kitchen, paint and flooring and is currently unoccupied with a projected rent of 1400 per month. The 3 bedroom, 1 bath lower unit hosts a long term month to month tenant. Severely under market rent rate, projected rent to be 1600-1700. Separate gas and electric is an added bonus. There is a potential growth opportunity on the additional adjacent lot at 630 Emerald.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2

Heating

Forced Air, Wall Furnace

Appliances

Laundry: In Basement

Features

Basement: Full

Interior area

Total interior livable area: 2,064 sqft

Property

Parking

Total spaces: 2
Parking features: Paved

Lot

Size: 6,969 Square Feet
Dimensions: 54 x 129

Details

Parcel number: 411420305001
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Brick

Condition

New construction: No
Year built: 1930

Utilities & green energy

Sewer: Public 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: $156/sqft
Tax assessed value: $52,300
Annual tax amount: $2,593
Date on market: 4/29/2024
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes

Price history

Date	Event	Price
5/17/2024	Sold	$321,000+1.9%$156/sqft
Source: MichRIC #24020524 Report a problem
5/2/2024	Pending sale	$315,000$153/sqft
Source: MichRIC #24020524 Report a problem
4/29/2024	Listed for sale	$315,000$153/sqft
Source: MichRIC #24020524 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,683	$135,100 +15.7%
2024	--	$116,800 +43.8%
2021	$2,346	$81,200 +8.8%
2020	$2,346 +3.2%	$74,600 +15.7%
2019	$2,274	$64,500 +20.6%
2018	--	$53,500 +12.4%
2017	$2,230	$47,600 +10.4%
2016	$2,230	$43,100
2015	$2,230 +5%	$43,100 -4.9%
2013	$2,124	$45,300 -14.4%
2011	--	$52,900 -1.3%
2010	--	$53,600 -11.8%
2009	--	$60,800 +4.3%
2007	--	$58,300 +33.8%
2006	--	$43,569 +3.7%
2005	--	$42,015 +3.3%
2004	--	$40,673 +6.2%
2002	--	$38,292 +3.2%
2001	--	$37,105