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$225,000   Price Analysis
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725 Lafayette Ave NE
Grand Rapids, MI 49503
Unknown bed 0 bath unknown SqFt ($0/SqFt)
6,050SqFt lot. Built 1890
Listed 2024-04-04, Taxes $1,415		Ⓧ USDA Ineligible
due to location
near Grand Rapids

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 Cot 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 s ale as well. MLS 24015903 and MLS 24015981.


Presented by David Van Dam at
Five Star Real Estate - Grandville Office.
Listing Agent Photo

Property MLS #24015907 from MichRic

Total Bathrooms: 0

Basement Features: Michigan Basement

Heating Features: Hot Water, Space Heater

Lot Size Acres: 0.1388889
Lot Size Square Feet: 6050

Parking Total: 4

Association: No
Calculated Total Monthly Association Fees: 0

School District: Grand Rapids

Coit Creative Arts Academy is a public elementary school located approximately 0.2 miles away.
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Riverside Middle School is a public middle school located approximately 1.9 miles away.
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Immanuel-St. James Lutheran School is a private elementary and middle school located approximately 0.5 miles away.
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Michigan Virtual Charter Academy is a public elementary, middle and high school located approximately 0.7 miles away.
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Annual Tax Amount: 1509
Source Listing Status: Active
County: Kent
Directions: Take Lafayette north off Michigan or South off Leonard to property. Park on Lafayette.
Tax Year: 2024
Source Property Type: Multi-Family
Area: Grand Rapids - G
MLS Area Minor: Grand Rapids - G
Source Neighborhood: Grand Rapids - G
Owner Pays: Water
Parcel Number: 41-14-19-327-033
Property Subtype: 2 to 4 Units
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$unknown + $unknown
$80,300		$1,415
2021$unknown + $unknown
$72,100		$1,379
2020$unknown + $unknown
$64,800		$1,385
2019$unknown + $unknown
$58,300		$1,365
2018$unknown + $unknown
$49,700		$1,323
2017$unknown + $unknown
$44,300		$1,290
2016$unknown + $unknown
$43,900		$1,253
2015$unknown + $unknown
$34,100		$1,236
2014$unknown + $unknown
$29,400		$1,209
2013$unknown + $unknown
$26,900		$1,161
2012$unknown + $unknown
$28,800		$1,133
2011$unknown + $unknown
$33,500		$1,077
2009$unknown + $unknown
$39,200		$1,037
2008$unknown + $unknown
$37,900		$1,018
2007$unknown + $unknown
$38,700		$969

Listed 2024-04-04
$225,000
MichRic
Listing removed 2023-11-26
$0
MichRic
Listed 2023-07-31
$215,000
MichRic
Listing removed 2022-11-08
$0
MichRic
Price Changed 2022-09-09
$229,900
MichRic
Listed 2022-04-25
$240,000
MichRic
Listing removed 2021-07-03
$0
MichRic
Listed 2021-02-11
$195,000
MichRic
Listing removed 2020-03-19
$0
AppfolioUnits
Listed for rent 2020-03-01
$950
AppfolioUnits

Year Built: 1890
Construction Materials: Shingle Siding
Property Age: 134
Roof: Composition

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.