725 Lafayette Avenue Grand Rapids, MI ^$ 225,000

725 Lafayette Avenue

^$ 225,000

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725 Lafayette Avenue

Grand Rapids, MI, 49503

^$ 225,000

Studio Baths0.0

Monthly Estimate*

^$ 1,572

725 Lafayette Avenue, 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.

Multi-Family Active

Price

^$ 225,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 1,509

Style

Lot Size

0.14

Year Built

1890

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70398375

Features

General

Heating Hot Water Space Heater

Possession At Close

Water Public Water

Status Active Active

Year Built 1890

County Kent

Class MULTIFAMILY

Type Multi-Family

Municipality Grand Rapids

Zoning Multi-Family

Subdivision MI

Area UPDATE

Primary City Grand Rapids

Directions Take Lafayette north off Michigan or South off Leonard to property. Park on Lafayette.

City Grand Rapids

School District Grand Rapids City School Distric

Street Name Lafayette

Financial Terms Cash Conventional

Legal Description LOT 46* MOHRHARD S SECOND SUBDIVISION* OF PART OF LOTS 59 & 60 COIT & CURTIS PARTITION PLAT

DOM 15

Postal Code 49503

Coming Soon 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

Interior

Basement MI Basement

Total Number of Units 2

Fuel Type Electric Natural Gas

Exterior

Frontage 50

Lot Size Area 0.14

Lot Dimensions 50' x 121'

Lot Description Easement Sidewalks

Roads City/County Paved Street

Waterfront Y/N No

* Excluded Features

List By

David VanDam

Listing Agent

Five Star Real Estate (Grandv)

Broker

david@davidvandamrealtor.com

Affordability Calculator

$1,697

Per Month

Monthly Principal & Interest: $1,572
Monthly Property Taxes: $126
Monthly Home Insurance: --

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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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Nearby

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$338,755

Percent of Sale Price 51%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3147031 Elementary School

3147033 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/4/2024	$225,000		Listed Price

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725 Lafayette Avenue, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $225,000 with a lot size of 0.14. 725 Lafayette Avenue 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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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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725 Lafayette Avenue

Multi-Family Home for sale in Grand Rapids, MI

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