$649,900
125 Eastern Avenue SE
Grand Rapids, MI, 49503
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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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.
Property Details
Price:
$649,900
MLS #:
24059658
Status:
Active
Beds:
0
Baths:
0
Address:
125 Eastern Avenue SE
Type:
Single Family
Subtype:
2 to 4 Units
City:
Grand Rapids
Listed Date:
Nov 21, 2024
State:
MI
ZIP:
49503
Lot Size:
4,443 sqft / 0.10 acres (approx)
Year Built:
1878
Schools
School District:
Grand Rapids
Interior
Cooling
None
Fireplaces Total
1
Heating
Baseboard, Forced Air
Laundry Features
Common Area, In Basement, In Unit
Exterior
Construction Materials
Vinyl Siding
Roof
Composition
Financial
Tax Year
2024
Taxes
$7,400
Mortgage Calculator
Map
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125 Eastern Avenue SE
Grand Rapids, MI
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