125 Eastern Avenue SE
Grand Rapids, MI 49503
- – beds
- – baths
- – sqft
- 4,356 sqft lot
- 1878 build
- – on site
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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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 upgraSeller 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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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.
Last checked:
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Last updated Nov 15, 2024
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MLS# 65024059658 —
The Building
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Year Built:1878
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Construction Materials:Vinyl
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Roof Material:Composition
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Foundation Details:Michigan Basement
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# of Units Total:4
Interior
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Features:Laundry Facility
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Basement:Yes
Financial & Terms
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Land Contract:No
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Short Sale:Unknown
Location
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Directions:Hop on I-196 E and in just 2 minute s(1.6 miles), take exit 78 for Collage Ave NE. Use the right 2 lanes to turn right onto College Ave NE and cruise for 3 minutes (0.6 miles). Then, follow the scenic route via Lake Dr SE straight to Eastern Ave SE. Quick, easy, and you're there!
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Directions From North South Detail:Kellogg St & Eastern
The Property
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Property Type:Multifamily
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Parcel Number:411430433014
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Zoning:Residential
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Lot Size Dimensions:54 x 82
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Lot Size Area:0.10
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Frontage Feet:54
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Waterfront:No
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Road Frontage Type:Pub. Sidewalk
Listing Agent
- Contact info:
- Agent phone:
- (616) 275-5938
- Office phone:
- (616) 447-9100
Taxes
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Total Taxes:$7,399.65
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Tax Amount Summer:$7,399.65
Heating & Cooling
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Heating:Baseboard, Forced Air
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Heating Fuel:Electric, Natural Gas
Utilities
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Sewer:Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
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Water Source:Public (Municipal), Water at Street
Appliances
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Laundry Facilities:Yes
Schools
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School District:Grand Rapids
Extra Units
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Unit Count:12
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Unit One Bed Number Of:1
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Unit Two Bed Number Of:2
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Unit Three Bed Number Of:1
IDX provided courtesy of Realcomp II Ltd., via Estately and Greater Regional Alliance of REALTORS®, © 2024 Realcomp II Ltd. Shareholders
Estately Inc. is a Michigan licensed brokerage #6505374810, managed by Michigan licensed REALTOR® broker Darren Yearsley #6505374810.
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.
IDX provided courtesy of Realcomp II Ltd. via Estately Inc. and REALCOMP. ©2024 Realcomp II Ltd. Shareholders.
Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/15/24
Nov 15, 2024
|
Coming Soon | REALCOMP | $649,900 | 12.1% (3.1% / YR) |
|
12/31/20
Dec 31, 2020
|
REALCOMP | $580,000 | 185.7% (45.1% / YR) | |
|
11/18/16
Nov 18, 2016
|
REALCOMP | $203,000 |
