$219,900
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1899 Palace SW Avenue Grand Rapids, MI 49507
5,227 Sqft Lot
Key Details
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 25034484
Sold Date 09/29/25
Year Built 1895
Annual Tax Amount $3,551
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40*131
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Investment Opportunity! Lower unit vacant allowing for an owner occupant house hack or great as an investment. Lower unit 2 bedroom upper a 1 bedroom. The upper is rented to Community Rebuilders with a long term tenant for $1175.00!!!! The lease is valid until 05/31/2026 Professionally managed by a reputable property management company, offering a seamless transition to a new owner if interested. Features include a new furnace (2022) and city certification until 09/27/2027, vinyl siding and replacement windows. Situated in a great location within a strong rental market and close to amenities. Don't miss this chance to capitalize on strong rental demand and rising property values in Grand Rapids!
Location
State MI
County Kent
Area Grand Rapids - G
Direction Burton to Palace north to home
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Cooling None
Fireplaces Number 1
Exterior
Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Storm Sewer
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 2
Building
Lot Description Level, Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-17-01-452-051
Acceptable Financing FHA, Cash, Conventional
Listing Terms FHA, Cash, Conventional
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Bought with Michigan Top Producers
