17 Lafayette Avenue SE, Grand Rapids, MI 49503

$1,350,000
Property Type: Multi Family Lot Size (sq. ft.): 10,846 Status: Sold
Current Price: $1,350,000 List Date: 4/09/2019 Last Modified: 11/01/2021

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

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

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

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
IDX
Listing Office: Compass Realty Services
Listing Agent: Allison V Koetsier
Source MLS Verified
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.