900 Fountain Street NE, Grand Rapids, MI 49503

$345,000

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List Price
$345,000
Days on Market
1
MLS#
26045604
Status
ACTIVE
Type
Multifamily

Property Description

Great opportunity for owner occupant to offset their mortgage by renting the other apartment or for investors looking for an updated and low maintenance home in great location. Walking distance to the Fulton St Farmers Market, GRCC, Martha's, sushi, Madcap, Black Napkin and GFS grocery. Quiet street with owner occupied homes. Private driveway, older garage good for storage or parking, small private yard and fully updated the right way by licensed contractors and all the big stuff. Don't let the age fool you on this one. Interior was completely rehabbed in 2018. Utilities are split with 2 water heaters, 2 electric meters, 2 gas meters. All windows, HVAC, plumbing, and electrical wiring in the house is new since 2017. The main floor is charming with original hardwood floors that were refinished. This apartment is currently 1 bedroom but could convert easily to 2 bedroom. All new kitchen cabinets, counters, flooring, stainless steel appliances and a gorgeous bathroom with original tile, new vanity and new plumbing. A private porch on the back enjoys the private backyard. The upper floor is a cozy 1 bedroom apartment with new bathroom with full tile shower, luxury and vinyl plank flooring, stainless steel appliances, and a large storage attic. The clean/bright basement has access from the backyard and offers great storage plus washer and dryer shared by both units. Rents are below market because the tenants have been long term and the best tenants you could possibly want or find. Main floor unit 1 is currently occupied on month to month lease at $1,325 per month plus utilities (landlord only pays water and mows lawn). Upstairs Unit 2 is currently vacant. What a great chance to offset your mortgage while living in a remodeled and cute home! Detailed list of improvements attached to listing. All appliances including washer and dryer are included. Selling broker is a member of the LLC that owns the property.

Additional Information

Owner Pays
Sewer, Water
Taxes
$4,516
Acres
0.11
Basement
Full
Heating
Baseboard, Forced Air, Ductless
Roofing
Composition
School District
Grand Rapids
Sewer
Public Sewer
Tenant Pays
Electricity, Gas, Trash Collection
Total Parking Spaces
2
Utilities
Natural Gas Connected, Electricity Connected, Cable Available, Storm Sewer, Phone Available
Water
Public Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Erin C Fester from Listing Office: GR Home Team.

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