Grand Rapids, MI 49503 125 Eastern Avenue SE
$600,000
55 more
Presented By: Michael Smallegan at Keller Williams GR North - (616) 447-9100
Home Details
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!
Presented By: Michael Smallegan at Keller Williams GR North - (616) 447-9100
Interior Features for 125 Eastern Avenue SE
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
BasementMichigan Basement
Basement (Y/N)Yes
Heating Y/NYes
Interior AmenitiesBroadband
Laundry FeaturesCommon Area, In Basement, In Unit
Total Fireplaces1
General for 125 Eastern Avenue SE
Additional Parcels Y/NNo
CityGrand Rapids
Construction MaterialsVinyl Siding
CoolingNone
CountyKent
DirectionsHop on I-196 E and in just 2 minute s(1.6 miles), take exit 78 for Collage Ave NE. Use the right 2 lanes to turn right onto College Ave NE and cruise for 3 minutes (0.6 miles). Then, follow the scenic
Electric On Property Y/NNo
Gross Income59400.0
HeatingBaseboard, Forced Air
High School DistrictGrand Rapids
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionN 82 FT OF LOT 12 & N 82 FT OF E 4 1/2 FT OF LOT 11* BERKEY S ADDITION
Listing TermsCash, Conventional
Lot Size Square Feet4443.0
Lot Size UnitsAcres
MLS AreaGrand Rapids - G
MLS Area MinorGrand Rapids - G
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-06T13:37:39Z
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
OwnerPaysWater, Sewer
PossessionSubject To Tenant Rights
Property Subtype2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
RoofComposition
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount7399.65
Tax Assessed Value142700
Tax Year2024
Tenant PaysElectric, Trash, Gas
TownshipCity of Grand Rapids
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Year Built1878
Zoning DescriptionResidential
Exterior for 125 Eastern Avenue SE
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions54 x 82
Lot FeaturesSidewalk, Corner Lot
Lot Size Acres0.1
Lot Size Area0.1
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Waterfront Y/NNo
Additional Details
Price History
Arlene & William Lowe
Your Indiana Home Sweet Home Team
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License #543277