125 Eastern Avenue SE, Grand Rapids, MI 49503
$580,000 - Sold
- MLS#: 20050040
- Number of Units: 4
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1878
- Basement: Yes
- Air: None
- Lot Size: 81' x 54'
- Square Footage: 0
- Exterior: Vinyl Siding
- Water: Public
- Acreage: .10
- Heat: Baseboard,Forced Air/Electric,Natural Gas
- PPN: 411430433014
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Cable,Electric,Natural Gas
- Utilities Available at Street: Broadband,Cable,Electric,Natural Gas,Public Sewer,Public Water,Storm Sewer
- Extras: Laundry Facility,Sep Electric Meter,Sep Gas Meter,Sep Water Meter
- Lot Description: Corner Lot,Sidewalk
- Frontage/Type: 54 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $599,900
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: From Lake Dr and Eastern, go south to Kellogg St. House is on the South West Corner of Eastern and Kellogg.
- Property Description: Incredible income property available. 4 units, all rented. Amazing location. Seller has invested in upgrades that make this property very desirable, and cash flows nicely. Certification is good through 3/3/21 with an inspection date already set with the City of Grand Rapids. Improvements:-2 units fully renovated and converted from 1 BR to 2BR. -Common area refresh (carpet runner on stairs, vinyl plank flooring, paint). -New double pane vinyl windows with aluminum wrap. -Original single water heater feeding entire house replaced with 4 smaller water heaters dedicated to each unit. -Majority of old plumbing replaced with PEX. -In unit laundry added to Unit #1 and #2. -Shared laundry added to basement for Unit #3 and #4. -Original landscaping timbers replaced.-Added glass block to basement windows with dryer vents. -Removed and re-poured concrete step in back of house. -Added gutters and downspouts on north and south sides of house.
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