$200,000
$225,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
725 Lafayette Avenue NE Grand Rapids, MI 49503
2 Beds
6,098 Sqft Lot
Key Details
Sold Price $200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024015907
Sold Date 09/09/24
Bedrooms 2
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1890
Annual Tax Amount $1,509
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50' x 121'
Property Description
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 2 other 2 family units for sale as well. MLS 24015903 & MLS 24015981.
Location
State MI
County Kent
Area Grand Rapids
Zoning Other
Direction Take Lafayette north off Michigan or South off Leonard to property. Park on Lafayette.
Interior
Interior Features Cable Available
Heating Hot Water, Space Heater
Fireplace no
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 4.0
Roof Type Composition
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Foundation Michigan Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
Water Public (Municipal), Water at Street
Structure Type Shingle Siding
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411419327033
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
©2025 Realcomp II Ltd. Shareholders
Bought with Five Star Real Estate (Rock)