Active
125 Eastern Avenue SE
Grand Rapids MI, 49503
$649,900
Active
Other
Built in 1878
Courtesy of Michael Smallegan, Keller Williams GR North
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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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.
24059658
MLSⓇ ID
November 21, 2024
Listed
November 22, 2024
Updated
Map
125 Eastern Avenue SE
Grand Rapids MI, 49503
Interior Features
Laundry Description
Common Area, In Basement, In Unit
Fireplace
Yes
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Forced Air
Exterior/Building Features
Lot Size
0.1 Acres
Lot Features
Sidewalk, Corner Lot
Roof
Composition
Sewer
Public Sewer
School Information
School District
Grand Rapids
Other Property Details
Area Name
Grand Rapids - G
Taxes
$7,400
Tax Frequency
Annually
Days on Market
6
Garage
No
Parking Total
0
View
No
County
Kent
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/21/2024 | Active | — |
Courtesy of Keller Williams GR North
The IDX display contains information sourced from the MichRIC® as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated 11/22/2024