Properties for sale in Michigan

Overview

Description

A grand and majestic historical home in Heritage Hill set on a well manicured half acre parcel. Originally built in 1897 by Albert Stickley of the Grand Rapids based Stickley Furniture offering a street presence unmatched by other homes. This 6 unit has two amazing main floor units that would be a perfect for an owner occupant. The excellent rental history is equally effective as a long term investment as well. A new concrete drive and 4 stall garage, ample off street parking. Magnificent fireplaces in 4 units, 2 attached covered porches . Hardwood floors, high ceilings, Intricate plaster details, dramatic bay windows are just a few of the amenities. A short distance to downtown and the medical mile. Electric is separately metered and two furnace heat the home. Call for an income/expense package. Listing agent is related to owner and owners are licensed realtors. Out of respect for tenants - Showings on Wednesdays only.

Location Property Info

County: Kent
Street #: 60
Street Name: Prospect
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503

General Property Info

Lot Measurement: Acres
Lot Square Footage: 25352
Lot Acres: 0.58
Lot Dimensions: 132 X 195 X 132 X 195
Year Built: 1897
New Construction: No
Cert of Compliance: Yes
Road Frontage: 132
Total # Units: 6
# of Diff Unit Floor Plans: 6
Total # Bldgs: Yes
Total Approx. SqFt All Bldgs: 7372
Total Parking Spaces: 9
Waterfront: No
School District: Grand Rapids
Elementary School: Fountain Elementary School
Basement: Yes

Tax Info

Tax ID #: 41-14-30-185-003
Taxable Value: 464305
SEV: 505600
For Tax Year: 2025
Seller's Annual Property Tax: 23945
Tax Year: 2025
Zoning: commercial
Homestead %: 0
Spec Assessment & Ty: No

Remarks Misc

Directions: Fulton street to Prospect NE, turn north on Prospect, home is 2nd one on East Side of the street

Status Change Info

Under Contract Date: 2025-10-17
Sold Date: 2025-12-23
Sold Price/SqFt: 169.56

More Information

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: No

Income and Expenses

Annual Insurance: 4641
Annual Maintenance: 4070
Annual Utilities: 7695
Gross Op. Inc.: 120360
Net Operating Income: 103126
Operating Expense: 17234

Unit 1

Unit #: Yes
Unit Description: North Main floor
SqFt: 1650
Occupied: Yes
Monthly Rent: 1750
Bathrooms: Yes
Full Baths: Yes
Deck/Patio: Yes
Dishwasher: Yes
Fireplace: Yes
Garage: Yes
Garb Disp: Yes
Range Oven: Yes
Refrigerator: Yes

Unit 2

Unit #: Yes
Unit Description: South Main floor
SqFt: 1822
Occupied: Yes
Monthly Rent: 2130
Bathrooms: Yes
Full Baths: Yes

Unit 3

Unit #: 2
Unit Description: North 2nd floor
SqFt: 1200
Occupied: Yes
Monthly Rent: 1800
Bathrooms: 2
Full Baths: Yes
Half Baths: Yes

Unit 4

Unit #: 2
Unit Description: South 2nd floor
SqFt: 1200
Occupied: Yes
Monthly Rent: 1700
Bathrooms: Yes
Full Baths: Yes

Unit 5

Unit #: 3
Unit Description: North 3rd Floor
SqFt: 750
Occupied: Yes
Monthly Rent: 1300
Bathrooms: Yes
Full Baths: Yes

Unit 6

Unit #: 3
Unit Description: South 3rd floor
SqFt: 750
Occupied: Yes
Monthly Rent: 1250
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: Prospect and Fulton
Property Sub-Type: 5+ Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 193.3

Remarks & Misc

Public Remarks: A grand and majestic historical home in Heritage Hill set on a well manicured half acre parcel. Originally built in 1897 by Albert Stickley of the Grand Rapids based Stickley Furniture offering a street presence unmatched by other homes. This 6 unit has two amazing main floor units that would be a perfect for an owner occupant. The excellent rental history is equally effective as a long term investment as well. A new concrete drive and 4 stall garage, ample off street parking. Magnificent fireplaces in 4 units, 2 attached covered porches . Hardwood floors, high ceilings, Intricate plaster details, dramatic bay windows are just a few of the amenities. A short distance to downtown and the medical mile. Electric is separately metered and two furnace heat the home. Call for an income/expense package. Listing agent is related to owner and owners are licensed realtors. Out of respect for tenants - Showings on Wednesdays only.
Legal: LOT 3 BLK 5 & N 30 FT OF LOT 4 BLK 5 & S 26 FT OF LOT 2 BLK 5* KENDALL S ADDITION

Lot Description

Sidewalk: Yes

Street Type

Public: Yes

Util Avail at Street

None: Yes

Utilities Attached

Cable Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Laundry Features

Common Area: Yes
Gas Dryer Hookup: Yes
In Unit: Yes
Lower Level: Yes

Exterior Material

Brick: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Tenant Pays

Electric: Yes

Driveway

Concrete: Yes

Substructure

Full: Yes

Extras

Garages: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Laundry Features: Common Area; Gas Dryer Hookup; In Unit; Lower Level Exterior Material: Brick Roofing: Composition Substructure: Full Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected Util Avail at Street: None Extras: Garages Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Forced Air Driveway: Concrete Street Type: Public Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None Unit 1: Deck/Patio; Dishwasher; Fireplace; Garage; Garb Disp; Range Oven; Refrigerator

60 Prospect Avenue NE, Grand Rapids, MI 49503