456 Lafayette Avenue Se, Grand Rapids, MI 49503

$750,000
List Price
$750,000
Days on Market
80
MLS#
20009746
Status
ACTIVE
Type
Multifamily

Property Description

Superb location just Minutes to St. Mary's or Downtown. This is a beautiful historic Victorian 4-unit Home with 4 private parking lots. Updated kitchens, baths and floors throughout for all units ( 4 x 2 BR and 1 x 1BR) Relax with friends on your balconies or front porches. Coin operated laundry in the super dry and clean basement for extra income and each tenant has their own storage locker. Electric is split, owner pays trash, gas for heat and hot water. Separate Hot water heaters are ready to be installed so that tenants pay for their own usage. Boiler and Heater just got certified, all new(er) Monthly Rental about $ 7000. Solid rental income with 1 year lease. Never vacant. Tenant Occupied - only 2 units are pictured currently as they offer similar floor plan and features/ upgrades

Additional Information

Owner Pays
Gas, Sewer, Trash Collection, Water
Annual Utilities
6500
Taxes
$7,229
SEV
218900
Homestead Percentage
25
Acres
0.149
Basement
Yes
Driveway
Paved
Exterior Material
Wood Siding
Extras
Laundry Facility, Sep Electric Meter, Tenant Storage
Fireplaces
1
Heating
Hot Water
Heat Source
Natural Gas
Lot Description
Corner, Sidewalk
Lot Dimensions
62x105
Road Frontage
62
Roofing
Composition
School District
Grand Rapids
Sewer
Public
Substructure
Full Basement
Tenant Pays
Electric
Total Parking Spaces
4
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Ingrid C Anastasiu with Keller Williams GR East.

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