824 Lake Michigan Drive Grand Rapids, MI ^$ 800,000

824 Lake Michigan Drive

^$ 800,000

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824 Lake Michigan Drive

Grand Rapids, MI, 49504

^$ 800,000

Studio Baths0.0 Sq 10,455

Monthly Estimate*

^$ 5,317

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $800,000. This 10,455 square foot home was built in 1923 on a lot size of 0.31.

Great investment opportunity on the west side of Grand Rapids. Corner lot commercial/Industrial/Multi-Family opportunity! Stand Alone building with three apartments upstairs, fenced yard, open commercial/industrial/retail space. Great owner user and redevelopment opportunity. All showings must be during normal business hours M-F 10am-4:00pm. Additional multi-family could be developed depending on plans and city approvals.Showings to be during Business hours only M-F 10am-4pm and Sat by appointment.

Multi-Family Active

Price

^$ 800,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,428

Style

Lot Size

0.31

Year Built

1923

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70297084

Features

General

Interior Features Cable/Internet Avail.

Heating Forced Air

Possession Negotiable (Possession)

Water Public Water

Status Active Active

Year Built 1923

County Kent

Class MULTIFAMILY

Type Multi-Family

Municipality Grand Rapids

Subdivision MI

Area UPDATE

Primary City Grand Rapids

Directions W on Lake Michigan from US131. Property on S side of the road.

City Grand Rapids

School District Grand Rapids City School Distric

Street Name Lake Michigan

Financial Terms Cash Conventional

Legal Description S 94 FT OF LOTS 5 & 6 BLK 2 & S 94 FT OF W 40 FT OF LOT 4 BLK 2* SHEPARD S ADDITION

DOM 671

Postal Code 49504

Price Per Sq Ft Total 76.52

Coming Soon Great investment opportunity on the west side of Grand Rapids. Corner lot commercial/Industrial/Multi-Family opportunity! Stand Alone building with three apartments upstairs fenced yard

Exterior

Exterior Brick Wood

Frontage 142

Lot Size Area 0.31

Lot Dimensions 142X94

Lot Description Sidewalks

Roads City/County

Waterfront Y/N No

Interior

Total Number of Units 4

Fuel Type Natural Gas

* Excluded Features

List By

Michael Gantos

Listing Agent

Gantos Group Llc

Broker

mike@gantosgroup.com

Affordability Calculator

$5,769

Per Month

Monthly Principal & Interest: $5,317
Monthly Property Taxes: $452
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$354,931

Percent of Sale Price 56%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3147031 Elementary School

3147033 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/1/2023	$800,000	-11.10%	Price Down
1/6/2023	$899,900		Listed Price

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824 Lake Michigan Drive, Grand Rapids, MI, 49504 is a Multi-Family Home for sale at $800,000 with 10,455 sqft and a lot size of 0.31. 824 Lake Michigan Drive is a studio with 0.0 baths and was built in 1923. The property's zip code is 49504 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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824 Lake Michigan Drive

Multi-Family Home for sale in Grand Rapids, MI

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