$480,000
Grand Rapids, MI 49503
MLS# 24042812
5 beds | 3 baths | 2589 sqft
1 / 37
Property Description
Motivated seller. Price dropped significantly below market value. House to be taken off the market at Thanksgiving and relisted at market price in spring. Conservative estimate for renting the 1 bedroom unit on Airbnb is 40k annually! Live for FREE in a 5 bedroom historic home in just a short walk from the wealthy corridor! This Could be Grand Rapids Finest Legal Airbnb! (City of GR restricts Short Term Rentals to just one bedroom in an already owner occupied dwelling.) This incredible home has a fully functioning 1 bedroom apartment directly attached! A lot of love and care has gone into remodeling! Reclaimed boards and lane markers from a bowling alley built in the 70's add character to the kitchen island.
Details
Maps
Location Property Info
County: Kent
Street #: 227
Street Name: James
Suffix: Avenue
Post Direction: SE
State: MI
Zip Code: 49503
Zip (4): 4730
Area: Grand Rapids - G
OfficeContract Info
Status: Active
List Price: $480,000
Current Price: $480,000
Listing Date: 2024-08-15
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.14
Lot Square Footage: 5924
Lot Dimensions: 45x132
Year Built: 1890
Road Frontage: 45
Garage Y/N: No
Total Fireplaces: 1
Income Property: Yes
Total Rooms AG: 12
Total Fin SqFt All Levels: 2589
SqFt Above Grade: 2589
Total Beds Above Grade: 5
Total Bedrooms: 5
Full Baths: 2
Half Baths: 1
Total Baths: 3
Main Level Primary: No
Stories: 2
Design: Historic
School District: Grand Rapids
Waterfront: No
Tax Info
Tax ID #: 41-14-30-476-017
Taxable Value: 229425
SEV: 262000
For Tax Year: 2024
Annual Property Tax: 8451
Tax Year: 2023
Homestead %: 75
Spec Assessment & Type: none known
Zoning: res-improved
Remarks Misc
Directions: From 131, East on Cherry Street, South on James St., Property is on west side of James St.
Access Feat
Accessibility Features: No
Upper Rooms
Upper Bedrooms: 5
Upper Full Baths: 1
Upper Half Baths: 1
Upper Level Square Feet: 1198
Total Baths Above Grade: 3
Main Rooms
Main Full Baths: 1
Main Level SQFT: 1391
Manufactured
Manufactured Y/N: No
Property Features
Laundry Features: In Basement
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Michigan Basement
Lot Description: Sidewalk
Sewer: Public
Water: Public
Utilities Attached: Cable Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Heat Source: Natural Gas
Heat Type: Forced Air
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Sale Conditions: None
Supplements
Original light fixtures throughout. Easy to convert back to single family. Lots of room to build a garage with plenty of off street parking.
Listing Office: AARE
Listing Agent: Jonathan Hazeltine
Last Updated: November - 07 - 2024
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