125 Eastern Avenue SE, Grand Rapids, MI 49503 (MLS # 24059658)

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PRICE $649,900 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 4,356 sqft

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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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


ADDITIONAL DETAILS
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
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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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

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