725 Lafayette Avenue NE, Grand Rapids, MI 49503
- $200,000
- Sold Price
- $200,000
- List Price
- $225,000
- Closing Date
- Sep 09, 2024
- Days on Market
- 123
- MLS#
- 24015907
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Grand Rapids - G
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.
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Additional Information
- Owner Pays
- Water
- Taxes
- $1,509
- Acres
- 0.14
- Basement
- Michigan Basement
- Heating
- Hot Water, Space Heater
- Roofing
- Composition
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Trash Collection
- Total Parking Spaces
- 4
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of Listing Agent: David VanDam from Listing Office: Five Star Real Estate (Grandv).
Selling Agent: Selling Office: .
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