125 Eastern Avenue SE new Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49503
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65024059658
Bedrooms 4
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1878
Annual Tax Amount $7,399
Lot Size 4,356 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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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 upgraSeller 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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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
Zoning Residential
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!
Interior
Interior Features Laundry Facility
Heating Baseboard,Forced Air
Fireplace no
Heat Source Electric,Natural Gas
Laundry 1
Exterior
Waterfront no
Roof Type Composition
Road Frontage 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 Vinyl
Schools
School District Grand Rapids
Others
Pets Allowed Yes
Tax ID 411430433014
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional