125 Eastern Avenue SE Active 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
Year Built 1878
Annual Tax Amount $7,399
Lot Size 4,356 Sqft
Property Description
This fully rented 4-unit property in a prime location offers great cash flow and numerous upgrades! Recent improvements include refreshed common areas with new carpet runners, vinyl plank flooring, and fresh paint; new double-pane vinyl windows with aluminum wrap; plumbing overhaul with PEX; and four dedicated water heaters (one per unit). Units #1 and #2 feature in-unit laundry, while Units #3 and #4 have shared laundry in the basement. Other updates include new landscaping timbers, glass block windows with dryer vents, re-poured concrete steps, and newly installed gutters and downspouts. Well-maintained and ready for tenants!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 Original water heater has been replaced by 4 dedicated units, 1 per apartment.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.
Location
State MI
County Kent
Area Grand Rapids
Zoning Residential
Interior
Heating Baseboard,Forced Air
Laundry 1
Exterior
Roof Type Composition
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
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional