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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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

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