1140 Fremont Avenue, Grand Rapids 49504

$139,000

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MLS#: 16016983
• For Sale

This property has been Sold!

06/21/2016 at $129,900

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248-304-6700

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Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Freshly remodeled after being neglected for over 20 years. New roof, new water heater, split utilities, aluminium siding, make this house a low maintenance long term cash producing property. On the NW Side of Grand Rapids makes this a no brainer. This property rented on the first showing for 900.00 lower and 875.00 Upper. The lower unit boast a large living room with hardwood floors, a functional kitchen, 1 and 1/2 bathrooms, and two bedrooms. The upper unit is complete with 2 bedrooms living room, functional kitchen, and laundry in the unit. There is a three stall garage in the back currently rented from 04/15/2016 to 04/30/2017 for an additional $200.00 per month. This CAP rate exceeds 11.13% or if you finance with 25% down your cash on cash return would be an astounding 25%

Property Information    

Status
Sold 
Address
1140 Fremont Avenue 
City
Grand Rapids 
Zip
49504 
Year Built
1900 
Possession
At Closing 
County
Kent 

School Information

School District
Grand Rapids 

Taxes

Taxes
$1,488 

Rooms and Land

Number of Units

Features

Basement
Michigan Basement 
Cooling
Window Unit 
Heating
Forced Air, Natural Gas 

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Listing Courtesy of United Realty Services Llc
Office Address 1348 Front Ave Nw
Listing Agent Timothy J Vandentoorn