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1305 Ford Avenue NE, Grand Rapids, MI 49505
$242,500
1305 Ford Avenue NE, Grand Rapids, MI 49505View this property at 1305 Ford Avenue NE, Grand Rapids, MI 49505
1305 Ford Avenue NEGrand RapidsMI49505
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Property Description
Large, cash flowing 2-unit fully occupied with good tenants!! Enjoy a 10.2% cap rate! Appraised for $264k in May 2022. Newer furnace in lower unit. Both units are 3BR/1BA. Currently rented for a total of $2795 /mo. Separate utilities. Upper unit has 3 separate, long term tenants renting bedrooms at $500 per room. Tenants pay electric/gas/trash in lower. Owner pays all utilities for upper unit. All leases M2M. Full recent inspection report, leases, rent rolls, and expenses provided in attached docs. Current city rental certificate good through 3/5/2025. Seller is a licensed real estate agent.
Full Property Details
Full Property Details for 1305 Ford Ave NE
General
- Sold For: $242,500
- Taxes: $4,320
- Status: Closed
- Type: Multi-Family
- MLS ID: 23009013
- Added to Site: 443 day(s) ago
Parking
- Total Spaces: 2
- Parking Features: Paved
Location
- Area: Grand Rapids - G
- County: Kent
- Cross Streets: College & Leonard
- Driving Directions: E on Leonard, N on College
- Direction Faces: E on Leonard, N on College
School Information
- School District: Grand Rapids
- High School District: Grand Rapids
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Wood Siding
- Basement: Yes
- Basement Desc.: Basement, Crawlspace, Partial
- Year Built: 1875
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,621
- Zoning: Res
Financial Considerations
- Tax Amount: $4,320
- Terms: Cash, Conventional
- Landlord Pays: Water, Sewer
- Tenant Pays: Trash Collection, Gas
Disclosures and Reports
- Documents Avail.: Lead-Based Paint, Seller's Disclosure, Listing Contract
- Legal Description: LOT 26 * FORD'S SUBDIVISION OF W 2/3 OF BLOCK 32 STEWART & IVES ADDITION
- Property ID: 41-14-18-455-018
Listed by Key Realty, Tyler Johnson
Sold by EXP Realty LLC, Filloreta Balaj-Elezi
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Schools
Schools serving 1305 Ford Ave NE
School District:Grand Rapids Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1445 Emerald Ave Ne, Grand Rapids, MI 49505 | PK-5 | 0.5 mi | |
265 Eleanor St Ne, Grand Rapids, MI 49505 | 6-8 | 1.2 mi | |
1800 Tremont Blvd Nw, Grand Rapids, MI 49504 | 9-12 | 2.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1305 Ford Ave NE
Date
Details
Price
Change
Source
5/26/2023
Sold
$242,500
-0.98%
MLS
4/19/2023
Price Reduced
$244,900
-2%
MLS
4/10/2023
Price Reduced
$249,900
-2%
MLS
4/03/2023
Price Reduced
$255,000
-3.77%
MLS
3/28/2023
Listed
$265,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1305 Ford Avenue NE, Grand Rapids, MI 49505 (MLS# 23009013) is a Multi-Family property that was sold at $242,500 on May 26, 2023. Want to learn more about 1305 Ford Avenue NE? Do you have questions about finding other Multi-Family real estate for sale in Grand Rapids? You can browse all Grand Rapids real estate or contact a Coldwell Banker agent to request more information.