*Property is located in an area where buyers can qualify for bank covered closing costs!* Large, cash flowing 2-unit, fully occupied with great tenants!! Enjoy a 10% cap rate! Both leases month-to-month. Upper tenant has signed a new lease somewhere for August 25th, so the upper unit will be vacant. Lower unit is 3 BR/1 BA and upper unit is 2 BR/1 BA. Newer furnaces in both units. Brand new plumbing and new water main (performed by city) and updated bathrooms in both units. Currently rented for a total of $2,350 /mo. Rent could easily be raised to $1,100 for upper unit. Separate utilities. Tenants pay electric/gas/trash. Seller will give 30-day notice to either tenant of buyers choice, if requested. Current city rental certificate good through 4/22/2026. Seller is a real estate agent
Sold
$210,000
845 Worden St SE, Grand Rapids, MI 49507
5beds
2baths
2,479sqft
2 to 4 Units
Built in 1890
-- sqft lot
$275,500 Zestimate®
$85/sqft
$1,542 Estimated rent
Home value
$275,500
$253,000 - $298,000
$1,542/mo
Zestimate® history
Owner options
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$1,542/mo
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$1,542/mo
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$1,406/mo
Est. payment
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$1,406/mo
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List your homeWhat's special
New water mainBrand new plumbingUpdated bathrooms
Zillow last checked:
Listing updated:
Listed by:
Tyler Johnson 616-799-2903,
Key Realty
Bought with:
Rene Guzman, 6501383944
1st Advantage Realty
Source: MichRIC,MLS#: 23020650
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Full
Interior area
- Total interior livable area: 2,479 sqft
Property
Parking
- Total spaces: 2
Lot
- Size: 6,534 sqft
- Dimensions: 50 x 32
Details
- Parcel number: 411432302011
- Zoning description: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Aluminum Siding
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Community & neighborhood
Location
- Region: Grand Rapids
Other
Other facts
- Listing terms: VA Loan,MSHDA,FHA,Cash,Conventional,Contract
Price history
| Date | Event | Price |
|---|---|---|
| 7/26/2023 | Sold | $210,000$85/sqft |
Source:  MichRIC #23020650 Report a problem | ||
| 6/28/2023 | Pending sale | $210,000$85/sqft |
Source: MichRIC #23020650 Report a problem | ||
| 6/27/2023 | Price change | $210,000-4.5%$85/sqft |
Source: MichRIC #23020650 Report a problem | ||
| 6/24/2023 | Listed for sale | $220,000$89/sqft |
Source: MichRIC #23020650 Report a problem | ||
| 6/21/2023 | Pending sale | $220,000$89/sqft |
Source: MichRIC #23020650 Report a problem | ||
| 6/15/2023 | Listed for sale | $220,000+63.1%$89/sqft |
Source: MichRIC #23020650 Report a problem | ||
| 10/29/2020 | Sold | $134,900$54/sqft |
Source: Agent Provided Report a problem | ||
| 7/29/2020 | Pending sale | $134,900$54/sqft |
Source: DeBartolo Realty #20028085 Report a problem | ||
| 7/17/2020 | Listed for sale | $134,900+117.6%$54/sqft |
Source: DeBartolo Realty #20028085 Report a problem | ||
| 9/7/2016 | Sold | $62,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,692 | $119,100 +8.6% |
| 2024 | -- | $109,700 +49.3% |
| 2021 | $2,315 | $73,500 +16.7% |
| 2020 | $2,315 +3.2% | $63,000 +18% |
| 2019 | $2,244 | $53,400 +23.6% |
| 2018 | -- | $43,200 +19% |
| 2017 | $1,456 | $36,300 +12.7% |
| 2016 | $1,456 | $32,200 |
| 2015 | $1,456 +5% | $32,200 -3% |
| 2013 | $1,387 | $33,200 -17.8% |
| 2011 | -- | $40,400 -13.3% |
| 2010 | -- | $46,600 -6.6% |
| 2009 | -- | $49,900 +7.8% |
| 2007 | -- | $46,300 +100.5% |
| 2006 | -- | $23,088 +3.7% |
| 2005 | -- | $22,265 +3.3% |
| 2004 | -- | $21,554 +6.2% |
| 2002 | -- | $20,293 +3.2% |
| 2001 | -- | $19,664 |
Find assessor info on the county website
Neighborhood: 49507
Nearby schools
GreatSchools rating
- 3/10Campus Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 6/10Grand Rapids University Preparatory AcademyGrades: 6-12Distance: 1.1 mi
- 4/10Innovation Central High SchoolGrades: 9-12Distance: 1.4 mi
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Estimated market value
$275,500
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
$275,500
- Michigan
- Kent County
- Grand Rapids
- 49507
- 845 Worden St SE
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