SoldDec 31, 2020

Listed by Jason Carpenter and Candice Strehl from Keller Williams GR East

Source: Michigan Regional Information Center #20050040

125 Eastern Ave SE, Grand Rapids, MI, 49503

$580,000

4443 sq. ft.

Other

3 days on the market

Sold: Dec 31, 2020

What's around 125 Eastern Ave SE

About this property

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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