Property Type:
Multi Family
Lot Size (sq. ft.):
10,846
Status:
Sold
Current Price:
$1,450,000
List Date:
4/09/2019
Last Modified:
11/01/2021
17 Lafayette Avenue SE, Grand Rapids, MI 49503
$1,350,000
Overview
Description
Amazing opportunity to own 18 studio units in Heritage Hill close to downtown Grand Rapids and college campuses. Over $12,000/M in rent. This beautiful Italianate style apartment building is turn key with many recent capital improvements including roof, boiler, water heaters and exterior paint. Historic charm abounds - tall ceilings, original tile in baths, expansive windows. Easy to rent. On site coin op laundry. Some off-street parking. All units M/M and include all utilities. Rents are well under market rate.
Listing Details MLS# 19013332
Location Property Info
- County
- Kent
- Street #
- 17
- Street Name
- Lafayette
- Suffix
- Avenue
- Post Direction
- SE
- State
- MI
- Zip Code
- 49503
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 10846
- Lot Acres
- 0.25
- Lot Dimensions
- 85x121x85x121
- Year Built
- 1900
- New Construction
- No
- Cert of Compliance
- Yes
- Cert. of Compliance Exp Date
- 2020-04-25
- Road Frontage
- 85
- Total # Units
- 18
- # of Diff Unit Floor Plans
- Yes
- Total # Bldgs
- Yes
- Total Approx. SqFt All Bldgs
- 10245
- Total Parking Spaces
- 6
- Waterfront
- No
- School District
- Grand Rapids
- Basement
- Yes
Tax Info
- Tax ID #
- 411430326013
- Taxable Value
- 313902
- SEV
- 550800
- For Tax Year
- 2019
- Seller's Annual Property Tax
- 16238
- Tax Year
- 2018
- Spec Assessment & Ty
- N/A
- Zoning
- N/A
- Homestead %
- 0
Remarks Misc
- Directions
- S Of Fulton
Status Change Info
- Under Contract Date
- 2019-07-07
- Sold Date
- 2020-01-31
- Sold Price/SqFt
- 131.77
More Information
Access Feat
- Accessibility Features
- No
Unit 1
- Unit Description
- Studio
- Occupied
- Yes
- Monthly Rent
- 700
- Bathrooms
- Yes
- SqFt
- 0
- Dishwasher
- Yes
- Fireplace
- Yes
- Range Oven
- Yes
- Refrigerator
- Yes
Location & Property Info
- Cross Streets
- Fulton St E
- Property Sub-Type
- 5+ Units
- Area
- Grand Rapids - G
- Municipality
- City of Grand Rapids
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 141.53
Remarks & Misc
- Legal
- LOT 1412* STEINMANN S ASSESSOR S PLAT NO 48
Street Type
- Paved
- Yes
Util Avail at Street
- Cable Available
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Mineral Rights
- Unknown
- Yes
Exterior Material
- Stucco
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Hot Water
- Yes
Tenant Pays
- None
- Yes
Driveway
- Paved
- Yes
Substructure
- Full
- Yes
Extras
- Laundry Facility
- Yes
Owner Pays
- Electricity
- Yes
- Gas
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Subject To Tenant Rights
- Yes
Property Features
Exterior Material:
Stucco
Substructure:
Full
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Natural Gas Connected
Util Avail at Street:
Cable Available
Extras:
Laundry Facility
Owner Pays:
Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays:
None
Heat Source:
Natural Gas
Heat Type:
Hot Water
Driveway:
Paved
Street Type:
Paved
Mineral Rights:
Unknown
Terms Available:
Cash; Conventional
Possession:
Subject To Tenant Rights
Sale Conditions:
None
Unit 1:
Dishwasher; Fireplace; Range Oven; Refrigerator
Listing Office:
Compass Realty Services
Listing Agent:
Allison V Koetsier
Last Updated: November - 01 - 2021
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
