Cash-Flowing NW Side Duplex Pending

  • $185,000
  • 5 beds
  • 2 baths
  • 1486 sqft
Pending

Highlights: Cash-flowing duplex in quiet northwest side neighborhood; City certified in 2019; Split utilities; New furnace in lower unit; Stainless steel appliances in lower unit; New water heater in upper unit; New refrigerator in upper unit; Washer/dryer hook-ups in basement; Vinyl siding; Off-street parking with 2-stall garage; Upper has non-compliant third bedroom.

Price: $185,000 (Purchase could be financed)

Rent: $940 (Upper – month/month); $920 (lower – expires 7/31/21; Tenant gets a break in rent for maintaining landscaping/snow removal)
Market Rent: $2100

We hold the assignable contract. This will be sold on warranty deed. $185,000 is the buy-it-now price, meaning we will not accept a higher bid once the buy-it-now price has been met by the first party to pay $2,500 earnest money deposit. Cash or hard money preferred, property sold in as-is condition.

Buyer pays all closing costs and is responsible for their own due diligence and verifying all facts and figures. Price based on quick closing in 14 days or less. JTK Property Solutions members or employees make no guarantees concerning property condition, value, characteristics or financial benefits.

Price:
$185,000
Address:
854 Crosby St NW
Grand Rapids, MI 49504
Square Feet:
1486
Bedrooms:
5
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1900
Basement:
Full - Unfinished

Call (616) 333-9850 for more details

Property Location