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Listing 8 out of 143
$399,900 New For Sale

604 Windsor Terrace SE
Grand Rapids, MI 49503

3 units | Multi Family Home
4661 sq ft lot - MLS# 19032280
Property Photo
1/49

Description

Fantastic 3 unit located on Windsor Terrace, a private/public street. Located close to colleges, restaurants, and downtown Grand Rapids it is a wonderful location for tenants or home owner occupant. So great that the current leases have been long term - 3 yrs/5yrs respectively, main is owner occupied. Rents are low due to great tenants. Average potential rents for the area are $1300- 2 bed / $950 - 1 bed, and $850 - studio. A potential gross of $37200/yr on average. Meticulously maintained foreasy maintenance with just a 10 year old roof, 12 yr old furnace. First floor Owners unit offers a 2 bed / 1 bath apartment w/ original fireplace, leaded glass window, pocket doors, and loads of character. The upper 1 bed / 1 bath unit has a great flow and space. The upper studio unit is huge & could potentially be expanded into the unfinished attic to raise the rents even higher! Front and back entrances available to all units. Shed and private backyard patio can be shared. could potentially be expanded into the unfinished attic to raise the rents even higher! Front and back entrances available to all units. Shed and private backyard patio can be shared. Laundry and tons of storage space in the basement. Off street parking and street parking.

Features

  • Property Type: Multi Family Home
  • Sub Type: 2 to 4 Units
  • Listing Status: Active
  • County/Area: Kent County
  • Zip Code: 49503
  • Year Built: 1900
  • School District: Grand Rapids
  • Units: 3 units
  • Basement: Yes, See Substructure
  • # of Parking Spaces: 3.0000
  • Lot Size: 4661 sq ft lot
  • Air Conditioning: Central
  • Annual Maintenance: 300.00
  • Annual Utilities: 3900.00
  • Auction or For Sale: For Sale
  • Driveway: Paved
  • Exterior Material: Wood Siding
  • Extras: Laundry Facility, Tenant Storage
  • Gross Op. Inc.: 17400.00
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
  • Lot Square Footage: 4661.00
  • Municipality: City Of Grand Rapids
  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
  • Road Frontage: 42.00
  • Roofing: Composition
  • Sewer: Public
  • Street Type: Paved, Private
  • Sub-Area: G41 - Kent County
  • Substructure: Full Basement
  • Tax Year: 2019
  • Terms Available: Cash, Cash/Conventional
  • Total # Bldgs: 1.00
  • Total Approx. SqFt All Bldgs: 2866.00
  • Unit 1: Central Air, Dishwasher, Fireplace, Garb Disp, Range Oven, Refrigerator
  • Unit 1: Bathrooms: 1
  • Unit 1: Bedrooms: 2
  • Unit 1: Occupied: Yes
  • Unit 1: SqFt: 1300.00
  • Unit 1: Unit #: 1
  • Unit 1: Unit Description: Main Floor
  • Unit 2: Central Air, Range/Oven, Refrigerator
  • Unit 2: Bathrooms: 1
  • Unit 2: Bedrooms: 1
  • Unit 2: Monthly Rent: 800.00
  • Unit 2: Occupied: Yes
  • Unit 2: Unit #: 1
  • Unit 2: Unit Description: 2nd Floor
  • Unit 3: Central Air, Range/Oven, Refrigerator
  • Unit 3: Bathrooms: 1
  • Unit 3: Monthly Rent: 650.00
  • Unit 3: Occupied: Yes
  • Unit 3: Unit #: 2
  • Unit 3: Unit Description: 2nd Floor Studio
  • Util Avail at Street: Public Sewer, Public Water
  • Utilities Attached: Electric, Natural Gas
  • Water: Public
Courtesy of Keller Williams Gr East, Joshua C Heyboer

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