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.
Sold
$200,000
725 Lafayette Ave NE, Grand Rapids, MI 49503
4beds
2baths
1,650sqft
2 to 4 Units
Built in 1890
-- sqft lot
$262,800 Zestimate®
$121/sqft
$1,690 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 11, 2024 at 08:33am
Listed by:
David VanDam 616-890-8011,
Five Star Real Estate (Grandv)
Bought with:
Jason Post
Five Star Real Estate (Rock)
Source: MichRIC,MLS#: 24015907
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Hot Water, Space Heater
Features
- Basement: Michigan Basement
Interior area
- Total interior livable area: 1,650 sqft
Property
Parking
- Total spaces: 4
Lot
- Size: 6,098 sqft
- Dimensions: 50' x 121'
- Features: Level, Sidewalk
Details
- Parcel number: 411419327033
- Zoning description: multi family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Shingle Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer, Storm Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Grand Rapids
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Paved
Sell for more on Zillow
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$262,800
2% more+$5,256
With Zillow Showcase(estimated)$268,056