$196,000
$160,000
22.5%For more information regarding the value of a property, please contact us for a free consultation.
41 Colfax NE Street #43 Grand Rapids, MI 49505
8,900 Sqft Lot
Key Details
Sold Price $196,000
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 19039126
Sold Date 09/20/19
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1875
Annual Tax Amount $1,544
Tax Year 2019
Lot Size 8,900 Sqft
Acres 0.2
Lot Dimensions 50*178
Property Sub-Type 2 to 4 Units
Property Description
This newly updated 2-unit would be perfect as an investment property or for an owner occupant. Owned/well-maintained by the same Landlord for over 30 years/gutted down to the studs and back when first purchased! The lower unit has brand new luxury vinyl plank flooring and new carpet in the bedrooms. Fresh paint throughout, including newly refurbished cabinets and a brand new stove in the kitchen. All separate utilities, rental certified to 2022. Huge fenced in backyard with alley access. Well insulated, even between floors! Walking distance to Creston Brewery and more! If fully rented and self-managed, investors could enjoy an almost 10% cap rate with this property while owner-occupants can 'house hack' by renting out a unit and living in the other. Buyers to verify all information.
Location
State MI
County Kent
Area Grand Rapids - G
Direction From Creston Brewery, south on Plainfield to Quimby, then west to Coit, north to Colfax and west on Colfax to property on right-hand side.
Rooms
Basement Michigan Basement, Slab, Partial
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplaces Number 1
Exterior
Parking Features Paved, Unpaved
View Y/N No
Roof Type Composition
Total Parking Spaces 4
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 411418301024
Acceptable Financing FHA, Cash, Conventional, Tax Def Exchange
Listing Terms FHA, Cash, Conventional, Tax Def Exchange
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