60 Prospect Avenue NE, Grand Rapids, MI 49503 (MLS# 25045824)

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: $1,250,000 List Date: 9/07/2025 Last Modified: 12/30/2025

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.

Listing Details MLS# 25045824

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

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

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

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

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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