125 Eastern Avenue SE, Grand Rapids, MI 49503 (MLS # 24059658)
Seller offering 3% in concessions. Incredible income property in a prime location! This 4-unit gem, fully rented, offers outstanding cash flow and a range of impressive upgrades that enhance value and appeal. Recent improvements include: refreshed common areas with new carpet runners, vinyl plank flooring, fresh paint; new double-pane vinyl windows with aluminum wrap; total plumbing overhaul with PEX. Original water heater has been replaced by 4 dedicated units, 1 per apartment. In-unit laundry added to Units #1 & #2; Units #3 & #4 enjoy shared laundry in basement. Other updates include: new landscaping timbers, glass block windows with dryer vents, re-poured concrete steps, newly installed gutters and downspouts on north and south sides. Property is well-maintained and thoughtfully upgra Seller offering 3% in concessions. Incredible income property in a prime location! This 4-unit gem, fully rented, offers outstanding cash flow and a range of impressive upgrades that enhance value and appeal. Recent improvements include: refreshed common areas with new carpet runners, vinyl plank flooring, fresh paint; new double-pane vinyl windows with aluminum wrap; total plumbing overhaul with PEX. Original water heater has been replaced by 4 dedicated units, 1 per apartment. In-unit laundry added to Units #1 & #2; Units #3 & #4 enjoy shared laundry in basement. Other updates include: new landscaping timbers, glass block windows with dryer vents, re-poured concrete steps, newly installed gutters and downspouts on north and south sides. Property is well-maintained and thoughtfully upgraded to attract and retain tenants. Don't miss this fantastic investment opportunity! All offers due by 11/25 at 4pm.
DAYS ON MARKET
|
38
|
LAST UPDATED
|
11/21/2024
|
YEAR BUILT
|
1878
|
COMMUNITY
|
Grand Rapids - G
|
COUNTY
|
Kent
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
AIR |
None |
AREA |
Grand Rapids - G |
CONSTRUCTION |
Vinyl Siding |
FIREPLACE |
Yes |
HEAT |
Baseboard, Forced Air, Natural Gas |
LOT |
4356 sq ft |
LOT DESCRIPTION |
Corner Lot |
LOT DIMENSIONS |
54 x 82 |
SEWER |
Public Sewer |
TAXES |
7399.65 |
UTILITIES |
Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available |
ZONING |
Residential |
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Listing provided by Keller Williams GR North, Michael Smallegan
Copyright 2024 MichRIC, LLC. All rights reserved.
Updated 12/22/24 12:04 PM PST
Information Deemed Reliable But Not Guaranteed.
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