Sold

1051 Prospect Avenue

1051 Prospect Avenue, Grand Rapids, MI 49503

$137,500
Updated duplex with awesome ROI on Grand Rapids' Southeast Side. Significant improvements are complete, rental rates are increased, and new leases are in place. Both units have 2 bedrooms and 1 bath. One unit is leased for $878/month and the other is $825/month. Unit 1 has new flooring and paint along with new appliances. Unit 2 has new painting and flooring throughout, newly updated bath, new kitchen appliances and freshly painted kitchen cabinets. The windows have been rehabbed and screens are replaced. Electrical wiring and new smoke detectors installed. New roof and new skylights. Current Tenants participate in Community Rebuilders which provides permanent and supportive housing and rent is guaranteed to be paid by the organization. City Certificate of Compliance is good through 2021.

0.11 Acres lot

Cheryl Grant

Cheryl Grant

TITLE

Team Leader

Features & Amenities

Area & Lot

  • Status Sold
  • Lot Area0.11 Acres
  • MLS ID18029402
  • TypeMULTI_FAMILY
  • YEAR BUILT1900
  • Water FrontageNo
  • School DistrictGrand Rapids

Exterior

  • water SourcePublic
  • lot featuresSidewalk

Financial

  • Sales Price$137,500
  • Real Estate Tax $1,801
  • Zoning RES-IMP

Work With Cheryl

Cheryl refined her management and leadership skills while leading a 40-person News Team at the ABC-TV station in Grand Rapids. Integrity was the key to her success at the television station and perfectly transferred into Real Estate and helped make her one of the top Realtors in West Michigan.

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