17 Lafayette Avenue SE
Grand Rapids, MI 49503

$1,450,000

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.

Details

MLS#19013332
Sub-TypeResale
StatusPending
Year1900
Days On Site100

Features

SQ Feet10,245
Units18
Building(s)1

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Area Information

StateMI
CountyKent
CityGrand Rapids
Zip Code49503
AreaGrand Rapids - G
Listing VS Median (in 49503)
Price:
$1,450,000
low | high
Med:
$240,000
100% of Average
SqFt:
10,245
low | high
Med:
1,808
100% of Average
$ / SqFt:
$142
low | high
Med:
$133
56.209948123284% of Average
On Site:
100
low | high
Med:
55
100% of Average
Listing Updated: 07/07/2019
MLS Number: 19013332
Listing Provided By:
Allison V Koetsier  of  Compass Realty Services
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Michigan Regional Information Center MLS.