Great investment opportunity to own a rental property in the heart of the most popular rental district in Grand Rapids. This heritage hill Four unit is currently 75% occupied with a past average annual rental income of $43,000. With some tasteful updating & remodeling the estimated annual rental income could be $55,000 +. New boiler installed in 2022. Home is currently up for rental certification and the new owner would be responsible for completion. Home is also located in the historic district of Heritage Hill and must comply with their standards. Other amenities are a joint laundry area, basement storage and off street parking.
Sold
$407,000
548 Fulton St E, Grand Rapids, MI 49503
4beds
5baths
2,639sqft
2 to 4 Units
Built in 1915
-- sqft lot
$473,000 Zestimate®
$154/sqft
$1,960 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: July 31, 2023 at 01:59pm
Listed by:
Ryan Ogle 616-901-4541,
EXP Realty (Grand Rapids)
Bought with:
Pete J Bruinsma, 6502402583
Grand River Realty
Source: MichRIC,MLS#: 23023953
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
Heating
- Hot Water
Cooling
- Window Unit(s)
Features
- Basement: Full,Slab
Interior area
- Total interior livable area: 2,639 sqft
Property
Parking
- Total spaces: 4
- Parking features: Asphalt, Driveway
Lot
- Size: 5,170 sqft
- Dimensions: 47 x 110
- Features: Level
Details
- Parcel number: 411430404007
- Zoning description: R-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Brick, Stucco, Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Grand Rapids
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$473,000
2% more+$9,460
With Zillow Showcase(estimated)$482,460