509 Wealthy Street SE Grand Rapids, MI 49503

$400,000
509 Wealthy Street SE, Grand Rapids, MI 49503

Multi-Family Home for sale in Grand Rapids, MI

for $400,000 with 7 bedrooms and 4 full baths. This 3,796 square foot home was built in 1895 on a lot size of 0.1010 Acre(s).

Property Information

  • $400,000
  • 7 Bedrooms
  • 4 Full Baths
  • Multi-Family
  • 3,796 Square Feet
  • Taxes are $4,326
  • Multi Units
  • Contingent/Kick Out
  • Lot size of 0.1010 Acre(s)
  • Built in 1895
  • Grand Rapids, MI
  • Wealthy Neighborhood
  • Kent County
  • MLS/Web ID is 18035734
  • Price Reduced

Description

This 4 unit is in wonderful condition. It was completely re-painted outside last year, and has new landscaping. Each unit has been repainted and 509A has a brand new kitchen and bath. This building rents easily. Great location. Sellers are real estate brokers and agent. 10% of ownership is in a self-directed IRA. No Calendar proration of taxes. Seller has paid 2018 summer taxes which are more than 99% of the years taxes. Buyer to pay winter 2018 taxes which are estimated at $144. This is a fullyrented rental building thus it requires 24 hour notice to show. Showings only M-F 10a-4p

Interior 5

Basement

  • Basement
  • Full Basement

Heating Source

  • Natural Gas

Heating System

  • Forced Air

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 4

Land Improvements

  • Sidewalks

Road Frontage

  • Paved
  • Public Road

Roof

  • Composition

Siding

  • Shingle Exterior
  • Wood Exterior

Miscellaneous 2

Acceptable Finance

  • Cash

Utilities

  • Cable
  • Electric
  • Natural Gas
  • Phone Line Available

Rental 2

Landlord Pays

  • Pest Control
  • Sewer
  • Water

Tenant Pays

  • Electric
  • Gas

† Excluded Feature

Neighborhood & Schools

School District: Grand Rapids

Listed By

Broker: MLM REALTY LLC

509 Wealthy Street SE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $400,000 with 3,796 sqft and a lot size of 0.1010 Acre(s). 509 Wealthy Street SE has 7 bedrooms, 4.0 baths, and was built in 1895. The property's zip code is 49503 which is in Grand Rapids, MI

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Pricing History

Date Price Price Change Description
8/15/2018 $400,000 -5.21 % Price Change
8/8/2018 $422,000 -4.52 % Price Change
7/26/2018 $442,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Grand Rapids $339,790 15 % below $249,450 38 % below
Multi-family listings in Grand Rapids $287,497 28 % below $189,900 53 % below

Get the facts about Grand Rapids, MI!

Population 194,394
Population Growth (since 2000) -2 %
Median Income $40,048
Median Age 32.91
Households w/ Children 29 %

Residential Dwellings

  • Owned 42664
  • Vacant 8114
  • Rented 31876

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363