$262,430
$279,900
6.2%For more information regarding the value of a property, please contact us for a free consultation.
1308 Leonard NW Street Grand Rapids, MI 49505
0.9 Acres Lot
Key Details
Sold Price $262,430
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 24047071
Sold Date 12/06/24
Year Built 1880
Annual Tax Amount $3,738
Tax Year 2024
Lot Size 0.900 Acres
Acres 0.9
Lot Dimensions 33x132
Property Description
Introducing 1308 Leonard NW, a well-positioned two-unit home with a strong rental history. The property features a lower unit with 2 bedrooms and 1 bathroom, which includes access to a spacious basement. This unit is currently vacant and offers great potential as an owner-occupied residence or could generate rental income of up to $1,500 per month. The upper unit, also 2 bedrooms and 1 bathroom, is leased through July 2025 at a monthly rate of $1,200. This property is an excellent investment opportunity in a desirable location. Roof was new in 2016. Off street parking.
Location
State MI
County Kent
Area Grand Rapids - G
Direction At Exit 87, head right on the ramp for Scribner Ave NW toward Leonard St Turn left onto US-131 N Bus / Leonard St NW Keep straight to get onto Leonard St NW Arrive at Leonard St NW
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Fireplaces Number 1
Exterior
Utilities Available Electricity Connected
View Y/N No
Roof Type Composition
Total Parking Spaces 3
Building
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 411323126008
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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