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550 Madison Avenue SE Grand Rapids, MI 49503
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Key Details
Sold Price $400,000
Property Type Single Family Home
Sub Type Traditional
Listing Status Sold
Purchase Type For Sale
Square Footage 2,358 sqft
Price per Sqft $169
Subdivision Heritage Hill
MLS Listing ID 65023139280
Sold Date 12/29/23
Style Traditional
Bedrooms 5
Full Baths 2
Half Baths 1
HOA Y/N no
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1910
Annual Tax Amount $3,173
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 71x132
Property Description
Amazing opportunity for rental income in this two flat well cared for home. This property is set up as an up and down duplex. There is a kitchen, living room, two bedrooms and entry way on the main level. Upstairs has a 2nd kitchen large dining area, a full bath, half bath and 3 bedrooms. Both units feature hardwood floors and beautiful historic detail. The property was zoned as a duplex until 2009 and could possibly be again. The city currently has it zoned as a SFR and you could have a roommate live in their very own living space on a different floor if you didn't want to apply for it to become a 2 unit again - please verify with the GR planning commission on the process for doing this. The exterior was painted this year, newer roof and both furnaces are new in the past 2 years
Location
State MI
County Kent
Area Grand Rapids
Direction Madison Between Pleasant And Logan
Rooms
Kitchen Dishwasher, Dryer, Oven, Refrigerator, Washer
Interior
Interior Features Cable Available
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s)
Fireplace yes
Appliance Dishwasher, Dryer, Oven, Refrigerator, Washer
Heat Source Natural Gas
Exterior
Parking Features Detached
Garage Description 2 Car
Porch Balcony, Patio
Road Frontage Paved, Pub. Sidewalk
Garage yes
Building
Foundation Basement, Michigan Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
Water Public (Municipal), Water at Street
Architectural Style Traditional
Level or Stories 2 Story
Structure Type Wood
Schools
School District Grand Rapids
Others
Tax ID 411431205012
Ownership Private Owned
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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