125 Griggs Street SW, Grand Rapids, MI 49507
$199,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
7,013
Status:
Active
Current Price:
$199,900
List Date:
4/04/2024
Last Modified:
4/09/2024
Description
Wow!! Cash flowing investment property for under 200k! 2 Units. Unit 1: Upper: 1 bedroom, 1 bath, current rent is $1,000 per month. Unit: 2 Lower: 2 bedrooms, 1 bath current rent is $900 per month. Total rents are $1,900 per month. Interiors have cove ceilings, rooms are light & spacious. Large backyard. Separate utility meters. Off street parking and driveway. Located near a major bus lines, US 131, walking distance to Dickinson Elementary School & Hope Academy of West MI, Plaster Creek family park & the Kroc Center. Pre approval or proof of funds required by seller before any showings are approved. Seller has 3 other 2 family units for sale as well. MLS 24015907, MLS 24015962 & MLS 24015981
More Information MLS# 24015903
Location & Property Info
County: Kent
Street #: 125
Street Name: Griggs
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49507
Zip (4): 2454
Cross Streets: Buchanan and Griggs
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Status: Active
Current Price: $199,900
List Price: $199,900
Auction or For Sale: For Sale
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-04-04
General Property Info
Lot Measurement: Acres
Lot Square Footage: 7013
Lot Acres: 0.16
Lot Dimensions: 50' x 140'
Year Built: 1929
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-06-02
Road Frontage: 50
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-17-01-429-034
Taxable Value: 29115
SEV: 79500
For Tax Year: 2024
Annual Property Tax: 1457
Tax Year: 2023
Spec Assessment & Ty: No
Zoning: Res Improved
Remarks & Misc
Directions: North off Burton on Division, west off Division on Griggs to 125 Griggs SW.
Legal: LOT 44* B F BARENDSEN SECOND ADDITION
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: Upper
SqFt: 790
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Lower
SqFt: 800
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Level
Sewer: Public
Water: Public
Utilities Attached: Electric; Natural Gas
Util Avail at Street: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone Line
Extras: Sep Electric Meter; Sep Gas Meter; Sep Water Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Gravity; Space Heater
Driveway: Concrete
Street Type: Paved; Public
Terms Available: Cash; Conventional
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Seller's Disclosure ›Listing Office: Five Star Real Estate (Grandv)
Listing Agent: David VanDam
Last Updated: April - 09 - 2024
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