17 Lafayette Avenue SE, Grand Rapids, MI 49503 (MLS# 19013332)

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
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

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