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725 Lafayette Avenue NE Grand Rapids, MI $ 225,000
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$ 225,000 Get more info
725 Lafayette Avenue NE
$ 225,000
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725 Lafayette Avenue NE

Grand Rapids, MI, 49503
$ 225,000
Baths0.0

Monthly Estimate*

$ 1,572

725 Lafayette Avenue NE, Grand Rapids, MI 49503 - Image 1
Studio

Multi-Family Home for sale in Grand Rapids, MI

for $225,000. This home was built in 1890 on a lot size of 0.14.

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.

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Multi-Family Active

Price

$ 225,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,509

Style

2 to 4 Units

Lot Size

0.14

Year Built

1890

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

24015907
Features
General
Sewer Public Sewer
Heating Space Heater Hot Water Electric Natural Gas
Utilities Storm Sewer Available Public Water Available Public Sewer Available Natural Gas Available Electric Available Cable Available Broadband Available Natural Gas Connected Electric Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Shingle Siding
Year Built 1890
Tenant Pays Electric Trash Collection Gas
Property SubType 2 to 4 Units
Tax Year 2024
County Kent
New Construction N
Property Type Multi-Family
Status Active
Directions Take Lafayette north off Michigan or South off Leonard to property. Park on Lafayette.
City Grand Rapids
High School District Grand Rapids
Zoning Description multi family
Total Units 2
MLS Area Grand Rapids - G
Lot Size Square Feet 6050.0
Waterfront Y/N N
Street Name Lafayette
Land Lease Y/N N
Tax Annual Amount 1509.0
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Rent Control Y/N N
Days on Market 16
Standard Status Active
Occupancy Description Tenant
Tax Assessed Value 30102
Legal Description LOT 46* MOHRHARD S SECOND SUBDIVISION* OF PART OF LOTS 59 & 60 COIT & CURTIS PARTITION PLAT
Senior Community None
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Interior
Basement Michigan Basement
Total Fireplaces 1
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Lot Features Level Sidewalk
Total Parking 4.0
Lot Size Area 0.14
Number of Buildings 1
Spa N
Lot Dimensions 50' x 121'
Lot Size Acres 0.14
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 725
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* Excluded Features
List By
Five Star Real Estate (Grandv)

Broker

david@davidvandamrealtor.com

Email

Affordability Calculator

$1,697
Per Month
93%
7%
0%
Monthly Principal & Interest
$1,572
Monthly Property Taxes
$126
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
250213 Elementary School
249218 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/4/2024$225,000 Listed Price

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725 Lafayette Avenue NE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $225,000 with a lot size of 0.14. 725 Lafayette Avenue NE is a studio with 0.0 baths and was built in 1890. The property's zip code is 49503 which is in Grand Rapids, MI

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