$225,000 $1,208 est/mo Sourced by Back At You

725 Lafayette Avenue NE,Grand Rapids, MI 49503

Grand Rapids MI, 49503

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Description

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 2 other 2 family units for sale as well. MLS 24015903 & MLS 24015981.

Details

MLS#24015907
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1890
Days On Site70
Listing Provided ByFive Star Real Estate (Grandv) | David VanDam
Buying Commision3.00%
Listing Commission0.00%

Features

BasementY
Units2
Building(s)1
Zoningmulti family
Acreage0.14

Market Activity 49503

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Michigan Regional Information Center.

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Listings Checked: 8 minutes ago
StateMI
CountyKent
CityGrand Rapids
Zip Code49503
AreaGrand Rapids G
SubareaG
School DistrictGrand Rapids
Listing VS Median (in 49503)
Price:
$225,000
low | high
Med:
$314,900
10.044444444444% of Average
On Site:
70
low | high
Med:
41
100% of Average
Sourced by Back At You
Listing Updated: June 1, 2024 at 9:41:35 AM PDT