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: $1,425,000 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

County: Kent Street #: 60 Street Name: Prospect Suffix: Avenue Post Direction: NE State: MI Zip Code: 49503 Area: Grand Rapids - G

OfficeContract Info

Status: Sold Current Price: $1,250,000 List Price: $1,425,000 Listing Date: 2025-09-07

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: 1 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: $1,250,000 Sold Price/SqFt: 169.56

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 #: 1 Unit Description: North Main floor SqFt: 1650 Occupied: Yes Monthly Rent: 1750 Bedrooms: 2 Bathrooms: 1 Full Baths: 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

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 Wynsma

Last Updated: December - 30 - 2025

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

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