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736 Cherry SE Street Grand Rapids, MI 49503
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Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 23028397
Sold Date 10/24/23
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1915
Annual Tax Amount $15,808
Tax Year 2022
Lot Size 4,095 Sqft
Acres 0.09
Lot Dimensions 50 X 82
Property Description
Rare opportunity to own a 6-unit apartment building in Cherry Hill historic district! Location can't be beaten, you're within walking distance to shops, restaurants and directly across from the newly renovated Cherry Park. There is coin-operated laundry (Property owned) in the basement. Value add opportunity to implement a utility bill back/RUBS program to recapture some of the utility expense and raise rents to market rate, since many leases are month-month. This property has tons of updates and capital improvements. Common area hallways have been completely renovated, new furnaces and AC units have been added to the 2br units. In addition, many units have been re-drywalled, painted and updated. Don't miss this opportunity to own in the Cherry Hill district.
Location
State MI
County Kent
Area Grand Rapids - G
Direction W. of Eastern on the corner of Wealthy and Charles
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling None, Central Air
Fireplaces Number 1
Exterior
Garage Paved
Waterfront No
View Y/N No
Roof Type Rubber
Street Surface Paved
Parking Type Paved
Total Parking Spaces 2
Building
Lot Description Sidewalk, Corner Lot
Sewer Public Sewer
Structure Type Wood Siding, Brick
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-30-482-001
Acceptable Financing Cash, Conventional, Contract
Listing Terms Cash, Conventional, Contract
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