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Map
$225,000
●
Property -
For Sale
725 Lafayette Avenue NE
Grand Rapids, MI 49503
Studio
0 Bath
$1,231
Estimated Monthly
2.80%
Cap Rate
About This Property
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 Coit 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
sale as well. MLS 24015903 & MLS 24015981.
Unit Size
-
Days on Market
69 days
Land Size
0.14 acres
Price per sqft
-
Property Type
Property
Property Taxes
$126
HOA Dues
-
Year Built
1890
Listed By
Last updated: 14 days ago (GRARMI #24015907)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2024 | Relisted | $225,000 | |
| Relisted | |||
| Apr 20, 2024 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | Listed by Five Star Real Estate | $225,000 | |
| Listed by Five Star Real Estate | |||
| Feb 21, 1980 | Sold to Property No 3 Llc A-7 | $18,900 | |
| Sold to Property No 3 Llc A-7 | |||
Property Highlights
725 Lafayette Avenue NE
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Multifamily
6
Beds
-
-
$208,500
Mar 25, 1994
$208,500
Mar 29, 1996
$263/mo
In Contract
House
2
Beds
1
Bath
828 ft²
$266/ft²
$219,900
Apr 4, 2024
-
$76/mo
In Contract
House
3
Beds
1
Bath
1,410 ft²
$152/ft²
$215,000
Apr 11, 2024
-
$210/mo
In Contract
House
2
Beds
1
Bath
835 ft²
$252/ft²
$210,000
Apr 18, 2024
-
$129/mo
In Contract
House
3
Beds
1.5
Baths
1,300 ft²
$162/ft²
$210,000
Apr 5, 2024
-
$153/mo
In Contract
House
3
Beds
1
Bath
1,501 ft²
$160/ft²
$239,900
Mar 6, 2024
-
$198/mo
In Contract
Condo
3
Beds
0.5
Bath
1,028 ft²
$203/ft²
$209,000
Mar 29, 2024
-
$483/mo
In Contract
House
2
Beds
1
Bath
720 ft²
$271/ft²
$194,900
Apr 15, 2024
-
$144/mo
In Contract
Condo
2
Beds
1
Bath
998 ft²
$185/ft²
$184,900
Apr 19, 2024
-
$437/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
08/01/2023
|
|
4 Bed
|
2 Bath
|
-
|
$215,000
4 Bed
2 Bath
|
-
-
|
-
|
Charles Fisher
Greenridge Realty (Summit)
|
Building Info
725 Lafayette Avenue Northeast
725 Lafayette Avenue Northeast, Grand Rapids, MI 49503
- 1 Unit for Sale
