$200,000

beds

baths

725 Lafayette Avenue Ne

Grand Rapids, Michigan 49503

Closed / MLS #24015907 / Multiple Unit (2-4) / Grand Rapids

Listing information updated 9/11/2024 at 10:42am

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.

Full Features

Exterior Type:

Shingle Siding

Basement:

Michigan Basement

Beds Above Grade:

Heating System:

Natural Gas, Hot Water, Electric

Pool:

Age:

134 Years

Roof Type:

Composition

Parking Spaces:

Water Front:

Square Feet:

N/A

Lot Size:

0.14 Acres

Acreage:

0.14

Taxes & Assessments

Tax Amount:

$1,509

Tax Year:

2024

Location

Zip Code:

49503

City:

Grand Rapids

County:

Kent

Schools

School District(s):

Grand Rapids

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Exterior Type:

Shingle Siding

Basement:

Michigan Basement

Beds Above Grade:

Heating System:

Natural Gas, Hot Water, Electric

Pool:

Age:

134 Years

Roof Type:

Composition

Parking Spaces:

Water Front:

Square Feet:

N/A

Lot Size:

0.14 Acres

Acreage:

0.14

Tax Amount:

$1,509

Tax Year:

2024

Zip Code:

49503

City:

Grand Rapids

County:

Kent

School District(s):

Grand Rapids

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Five Star Real Estate (Grandv)

Listing Office Phone: 616.257.1500

Disclaimer: The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of SWMRIC, LLC. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.

Grand Rapids, MI

Sitting on the Grand River, just 30 miles from Lake Michigan, Grand Rapids is the second largest city in Michigan. Known for its industry and the scenic area around which Grand Rapids was built, the city is known as “Furniture City” and “River City.”Grand Rapids was first settled in 1826 by...

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$355,638

Average Sale Price

Average Days On The Market

99%

Sales Prices VS. List Price

Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.