Homes for sale - 125 Eastern SE Avenue, Grand Rapids, MI 49503

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$649,900

Est. payment - /mo

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4,443 Sqft Lot

Active

125 Eastern SE Avenue Grand Rapids, MI 49503

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Marilyn Hazard

homesbyhazard@gmail.com +1(616) 299-9944

UPDATED:

11/21/2024 08:16 AM

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 24059658

Year Built 1878

Annual Tax Amount $7,399

Tax Year 2024

Lot Size 4,443 Sqft

Acres 0.1

Lot Dimensions 54 x 82

Property Description

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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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

Location

State MI

County Kent

Area Grand Rapids - G

Direction Hop on I-196 E and in just 2 minute s(1.6 miles), take exit 78 for Collage Ave NE. Use the right 2 lanes to turn right onto College Ave NE and cruise for 3 minutes (0.6 miles). Then, follow the scenic route via Lake Dr SE straight to Eastern Ave SE. Quick, easy, and you're there!

Rooms

Basement Michigan Basement

Interior

Heating Baseboard, Forced Air

Cooling None

Fireplaces Number 1

Laundry Common Area, In Basement, In Unit

Exterior

Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available, Storm Sewer, Broadband

View Y/N No

Roof Type Composition

Building

Lot Description Sidewalk, Corner Lot

Sewer Public Sewer

Structure Type Vinyl Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-30-433-014

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Keller Williams GR North

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Marilyn Hazard

Broker Associate | License ID: 65-06045056

+1(616) 299-9944

125 Eastern SE Avenue Grand Rapids, MI 49503

Marilyn Hazard

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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125 Eastern SE Avenue