Welcome to your next investment opportunity. This all-brick two-unit property on a double lot is an exceptional chance for both investors and owner occupiers alike. Situated conveniently close to downtown and the medical mile, its location is primed for convenience and growth. The 2 bedroom, 1 bath upper unit boasts a recent makeover including an all new kitchen, paint and flooring and is currently unoccupied with a projected rent of 1400 per month. The 3 bedroom, 1 bath lower unit hosts a long term month to month tenant. Severely under market rent rate, projected rent to be 1600-1700. Separate gas and electric is an added bonus. There is a potential growth opportunity on the additional adjacent lot at 630 Emerald.
Property Details
Property Features
Property Information:
Year Built: 1930
Listing Office:
Office Name: Keller Williams GR East
Office Phone: (616) 575-1800
Listing Agent: Julie L Rossio
Interior Features
Interior Information:
Basement: Yes
Interior: Laundry Facility
Exterior Features
Parking Information:
Parking: Paved
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air, Floor Furnace
School Info
Assigned Schools Information:
City Middle/High School, Public Magnet Grades 7-12
Grand Rapids University Preparatory Academy, Public Magnet Grades 6-12
Riverside Middle School, Public District Grades 6-8
East Leonard School, Public District Grades KG-5
Other
Directions Information:
Directions: W. off Diamond on Flat St. to Home.
Price Information
Listing Price Info
Price Summary:
List Price: $315,000
Tax Information:
Annual Amount: $2,346
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Grand Rapids, MI.
This property is $15K more than the Median Sold Price in Grand Rapids, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Greater Regional Alliance of REALTORS®
MLS Number: #65024020524
Listing Office:
Office Name: Keller Williams GR East
Office Phone: (616) 575-1800
Listing Agent: Julie L Rossio
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
East Leonard School
410 Barnett St NE
Distance between this listing and this school0.81 miles
Public District Grades KG-5
Middle School
4
/10
Riverside Middle School
265 Eleanor St NE
Distance between this listing and this school2.28 miles
Public District Grades 6-8
High School
9
/10
City Middle/High School
1720 Plainfield Ave NE
Distance between this listing and this school1.38 miles
Public Magnet Grades 7-12
6
/10
Grand Rapids University Preparatory Academy
512 Division Ave S
Distance between this listing and this school1.76 miles
Public Magnet Grades 6-12
Assigned Schools
2
/10
East Leonard School
410 Barnett St NE
Distance between this listing and this school0.81 miles
Public District Grades KG-5
Nearby Schools
3
/10
Coit Arts Academy
617 Coit Ave NE
Distance between this listing and this school0.86 miles
Public District Grades KG-5
6
/10
Congress Elementary School
940 Baldwin St SE
Distance between this listing and this school0.95 miles
Public District Grades PK-5
Assigned Schools
4
/10
Riverside Middle School
265 Eleanor St NE
Distance between this listing and this school2.28 miles
Public District Grades 6-8
Nearby Schools
3
/10
Martin Luther King Leadership Academy
645 Logan St SE
Distance between this listing and this school1.43 miles
Public District Grades PK-8
5
/10
Gerald R. Ford K8 Academy
857 Madison Ave SE
Distance between this listing and this school1.98 miles
Public Magnet Grades KG-8
Assigned Schools
9
/10
City Middle/High School
1720 Plainfield Ave NE
Distance between this listing and this school1.38 miles
Public Magnet Grades 7-12
6
/10
Grand Rapids University Preparatory Academy
512 Division Ave S
Distance between this listing and this school1.76 miles
Public Magnet Grades 6-12
Nearby Schools
4
/10
Grand Rapids Montessori Public School
159 College Ave NE
Distance between this listing and this school0.72 miles
The neighbors living near this home have an average income of $59,722. Most Grand Rapids, MI residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
This home is located at 834 Flat St NE in Grand Rapids, MI and zip code 49503 in the Highland Park neighborhood. This home, which was built in 1930, sits on a 0.16 acre lot. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $315,000.
In April 2024, from all listings sold in Grand Rapids, MI there were more than 173 sold above asking price, over 60 sold below and more than 45 were sold right at the asked price. Between March 2024 and April 2024, Grand Rapids, MI real estate market has seen increase in the number of listings by 17.4%. Listings spent 16 days on the market in April 2024, and had a median list price of $300,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.