60 Prospect Avenue NE, Grand Rapids, MI 49503
$1,250,000
Property Type:
Multi Family
Lot Size (sq. ft.):
25,352
Status:
Sold
Current Price:
$1,425,000
List Date:
9/07/2025
Last Modified:
12/30/2025
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.
More Information MLS# 25045824
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
General Property Info
New Construction: No
Lot Dimensions: 132 X 195 X 132 X 195
Road Frontage: 132
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 6
# of Diff Unit Floor Plans: 6
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 7372
Total Parking Spaces: 9
School District: Grand Rapids
Elementary School: Fountain Elementary School
Lot Measurement: Acres
Lot Square Footage: 25352
Lot Acres: 0.58
Year Built: 1897
Tax Info
Taxable Value: 464305
SEV: 505600
For Tax Year: 2025
Seller's Annual Property Tax: 23945
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: 0
Zoning: commercial
Tax ID #: 41-14-30-185-003
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
Status Change Info
Sold Price/SqFt: 169.56
Under Contract Date: 2025-10-17
Sold Date: 2025-12-23
Sold Price: $1,250,000
Waterfront Options
Water Access Y/N: No
Lot Description
Sidewalk: 1
Income and Expenses
Annual Insurance: 4641
Annual Maintenance: 4070
Annual Utilities: 7695
Gross Op. Inc.: 120360
Net Operating Income: 103126
Operating Expense: 17234
Street Type
Public: 1
Util Avail at Street
None: 1
Utilities Attached
Cable Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
Common Area: 1
Gas Dryer Hookup: 1
In Unit: 1
Lower Level: 1
Exterior Material
Brick: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Driveway
Concrete: 1
Substructure
Full: 1
Extras
Garages: 1
Owner Pays
Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: North Main floor
SqFt: 1650
Occupied: Yes
Monthly Rent: 1750
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Fireplace: 1
Garage: 1
Garb Disp: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 1
Unit Description: South Main floor
SqFt: 1822
Occupied: Yes
Monthly Rent: 2130
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 2
Unit Description: North 2nd floor
SqFt: 1200
Occupied: Yes
Monthly Rent: 1800
Bedrooms: 2
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Unit 4
Unit #: 2
Unit Description: South 2nd floor
SqFt: 1200
Occupied: Yes
Monthly Rent: 1700
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit #: 3
Unit Description: North 3rd Floor
SqFt: 750
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 6
Unit #: 3
Unit Description: South 3rd floor
SqFt: 750
Occupied: Yes
Monthly Rent: 1250
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 60
Street Name: Prospect
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503
OfficeContract Info
Status: Sold
Current Price: $1,250,000
List Price: $1,425,000
Listing Date: 2025-09-07
Remarks Misc
Directions: Fulton street to Prospect NE, turn north on Prospect, home is 2nd one on East Side of the street
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
Listing Office:
Coldwell Banker Schmidt Realtors
Listing Agent:
Kathleen N Wynsma
Last Updated: December - 30 - 2025
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