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Key Details
Sold Price $153,500
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Sparta Twp
MLS Listing ID 20021539
Sold Date 06/30/20
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1903
Annual Tax Amount $3,000
Tax Year 2020
Lot Size 8,184 Sqft
Acres 0.19
Lot Dimensions 62 X 132
Property Description
Excellent cash flowing 4 unit multi-family investment property located in the Heart of Sparta. All apartments are one bedroom units with long term, single occupancy tenants. Roof was replace in 2015. Landlord currently pays all utilities and started the installation of separate electric panels for each apartment that the new owners can finalize. Property also features a very large lot with ample off street parking. See attached spreadsheet for detailed financial analysis of property. DUE TO HIGH SHOWING ACTIVITY ANY OFFERS RECEIVED WILL BE REVIEWED BY SELLER ON TUESDAY 6/16 AT 8PM.
Location
State MI
County Kent
Area Grand Rapids - G
Direction E DIVISION TO S UNION. SOUTH ON S UNION TO CENTENNIAL. EAST ON CENTENNIAL TO PROPERTY
Rooms
Basement Crawl Space, Michigan Basement, Partial
Interior
Heating Wall Furnace, Hot Water, Natural Gas
Cooling None
Fireplaces Number 1
Exterior
Garage Unpaved
Waterfront No
View Y/N No
Roof Type Composition
Street Surface Paved
Parking Type Unpaved
Total Parking Spaces 4
Building
Sewer Public Sewer
Structure Type Wood Siding
New Construction No
Schools
School District Sparta
Others
Tax ID 410523105002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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