About 725 Lafayette Avenue Ne
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 3 other 2 family units for sale as well. MLS 24015903, MLS 24015962 & MLS 24015981.
Features of 725 Lafayette Avenue Ne
| MLS® # | 24015907 |
|---|---|
| Price | $225,000 |
| Bathrooms | 0.00 |
| Acres | 0.14 |
| Year Built | 1890 |
| Type | Multi-Family |
| Sub-Type | 2 to 4 Units |
| Status | Active |
Community Information
| Address | 725 Lafayette Avenue Ne |
|---|---|
| Area | Grand Rapids - G |
| City | Grand Rapids |
| County | Kent |
| State | MI |
| Zip Code | 49503 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Space Heater, Hot Water, Electric, Natural Gas |
|---|---|
| Fireplace | No |
| # of Fireplaces | 1 |
Exterior
| Lot Description | Level, Sidewalk |
|---|---|
| Roof | Composition |
School Information
| District | Grand Rapids |
|---|
Additional Information
| Legal | LOT 46* MOHRHARD S SECOND SUBDIVISION* OF PART OF LOTS 59 & 60 COIT & CURTIS PARTITION PLAT |
|---|---|
| New Construction | No |
| Sewer | Public Sewer |
Financial Details
| Annual Property Tax | $1,509 |
|---|---|
| Tax ID # | 41-14-19-327-033 |
| Taxable Value | 30102.00 |
Listing Details
| Agent | David Vandam |
|---|---|
| Office | Five Star Real Estate (Grandv) |