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Sold on 02/03/2021

304 Spruce St, Grayling, MI 49738

$198,000

Last sold 02/03/2021 for $125K

  • —

    bed

  • —

    bath

  • 2,700

    Sqft ($46/Sqft)

Multi-family not for sale
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About 304 Spruce St

Property type Multi-family
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
Here is the perfect income property. Currently 50% rented. The property has normally been 100% rented since owned. Conveniently located in the city limits and within walking distance to downtown. Great investment opportunity!
Listed by
Listing Agent - BETTY PARTELLO
Listing Office - Re/Max Of Grayling
Source: Water Wonderland BoR mls logo
MLS#322178 • last updated 4 months ago
Movoto checked Water Wonderland BoR for data 1 hour ago
Overview
Heating Natural Gas, Forced Air
Levels/Style Bi Level
MLS # 322178
Type MultiFamily
Status Closed
SqFt 2700
Year Built 30
Interior
Basement Completely Finished, Outside Entrance, Full Basement, Block Foundation
Laundry Basement
Appliances Other
Exterior
Construction Aluminum, Paved Street
Amenities / Utilities
Sewer/Septic Municipal, Public Sewer
Location
Body of Water None
Subdivision City Of Grayling
Elementary School Grayling
High School Grayling
APN 070-100-021-010-00
Directions Michigan Ave To Right On Spruce Street To Property On The Left.
Multifamily Details
Total # of Units 4
$198K
Range: $176K-$219K
Last 30 days 
Rental est.: $905/month
Gross rent multiplier: 11.5
  • Feb 2021
    mls logo MLS # 322178
  • Feb 3, 2021 Sold
    $125,000 (-10.1%)
  • Jan 27, 2021 Pending
    —
  • Jan 18, 2021 Listed
    —
  • Nov 30, 2020 Pending
    —
  • Nov 8, 2019 Listed
    $139,000
  • Year Property taxes Tax assessment
  • 2025
    $2,645 +1.7%
    $50,400 -14.86%
  • 2024
    $2,600 +2.6%
    $59,200 +0.17%
  • 2023
    $2,534 -2.2%
    $59,100 +42.41%
  • 2022
    $2,591 +65.1%
    $41,500
  • 2021
    $1,570 +1.4%
    $41,500 +10.96%
  • 2020
    $1,548 +2.2%
    $37,400 +1.63%
  • 2019
    $1,516 -17.5%
    $36,800 +50.82%
  • 2018
    $1,837
    $24,400
  • 304 Spruce St
    $125K
  • —
  • 49738
    $230K +4% y/y
  • Grayling
    $222K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Grayling Middle School
public Grades 5-8
Crawford Ausable Schools
9/10
Grayling High School
public Grades 9-12
Crawford Ausable Schools
Source: GreatSchools.org © 2026. All rights reserved.

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