• 725 Lafayette Avenue Ne Grand Rapids, Michigan 49503

  • $225,000
  • 4
    Bed(s)
  • 0
    Baths
  • 0
    Sq Ft
  • 0.14
    Acre

Wow!! Cash flowing investment property for under 250k! 2 Units. Unit 1: Upper: 2 bedroom, 1 bath, current rent is $1,200 per month. Unit: 2 Lower: 2 bedrooms, 1 bath current rent is $1,500 per month. Total rents are $2,700 per month!! Off-Street parking off alley. property is located near major bus routes. Walking distance to Coit Arts Academy, Medical Mile, Downtown GR, and Colleges. Tenant's rights apply. 24 hour notice for showings required. Pre approval or proof of funds required by seller before any showings are approved. Seller has 3 other 2 family units for sale as well. MLS 24015903, MLS 24015962 & MLS 24015981.

Property Type :

Multifamily

County :

Kent

Style :

Multifamily

Sell a home like this and save $13,001 Find Out How

Property Details

 

Interior Features

Cable Available

Roof : Composition

Heating & Cooling

Heating: Hot Water,Space Heater

Heating Fuel: Electric,Natural Gas

Building Information

Year Built: 1890

Total Units: 2

Roof: Composition

Foundation/Basement: Michigan Basement

Utility Features

Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain

Water

Public (Municipal),Water at Street

Lot Information

Lot Size: 0.14

Lot Dimensions: 50' x 121'

Frontage Feet: 50

Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $225,000

Listing Information

Possession: At Close

Legal Description: LOT 46* MOHRHARD S SECOND SUBDIVISION* OF PART OF LOTS 59 & 60 COIT & CURTIS PARTITION PLAT

Tax Information

Annual Tax: $1,509

Parcel Number: 411419327033

Possession

At Close

Legal Information

Legal Description: Section: LOT 46* MOHRHARD S SECOND SUBDIVISION* OF PART OF LOTS 59 & 60 COIT & CURTIS PARTITION PLAT

Parking Information

Parking: 4

Multi-Unit Information

Road Frontage: Paved,Pub. Sidewalk

Unit 2 Information

# of Bedrooms: 2

School Information

School District: Grand Rapids

Utility Information

Water:Public (Municipal),Water at Street

Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain

MLS Logo

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2024 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 05/02/2024 @ 09:25

MLS: 604425755
LISTED BY: David VanDam , Five Star Real Estate (Grandv)
SOURCE: Realcomp II Ltd
Buyer Agency Compensation: 3.00%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

Selling? Save $13,001 when you sell a home like this

Learn More about this Property
Message allows only 500 character

Don't Pay 6% Commistion