1 month on rocket

125 Eastern Ave SE, Grand Rapids, MI, 49503

$649,900

Home List Price

$7,718*

Closing Credit

0 Baths
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

125 Eastern Ave SE, Grand Rapids$649,900

Buyer Closing Credits

$7,718*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1878
HeatingBaseboard, Electric, Forced Air, Natural Gas
BasementYes
MLS #65024059658
Lot Size0.10 Acres
StatusActive

About 125 Eastern Ave SE

Seller offering 3% in concessions. Incredible income property in a prime location! This 4-unit gem, fully rented, offers outstanding cash flow and a range of impressive upgrades that enhance value and appeal. Recent improvements include: refreshed common areas with new carpet runners, vinyl plank flooring, fresh paint; new double-pane vinyl windows with aluminum wrap; total plumbing overhaul with PEX. Original water heater has been replaced by 4 dedicated units, 1 per apartment. In-unit laundry added to Units #1 & #2; Units #3 & #4 enjoy shared laundry in basement. Other updates include: new landscaping timbers, glass block windows with dryer vents, re-poured concrete steps, newly installed gutters and downspouts on north and south sides. Property is well-maintained and thoughtfully upgraSeller offering 3% in concessions. Incredible income property in a prime location! This 4-unit gem, fully rented, offers outstanding cash flow and a range of impressive upgrades that enhance value and appeal. Recent improvements include: refreshed common areas with new carpet runners, vinyl plank flooring, fresh paint; new double-pane vinyl windows with aluminum wrap; total plumbing overhaul with PEX. Original water heater has been replaced by 4 dedicated units, 1 per apartment. In-unit laundry added to Units #1 & #2; Units #3 & #4 enjoy shared laundry in basement. Other updates include: new landscaping timbers, glass block windows with dryer vents, re-poured concrete steps, newly installed gutters and downspouts on north and south sides. Property is well-maintained and thoughtfully upgraded to attract and retain tenants. Don't miss this fantastic investment opportunity! All offers due by 11/25 at 4pm.

Property Details

Property Features

Property Information:

  • Year Built: 1878

Listing Office:

  • Office Name: Keller Williams GR North
  • Office Phone: (616) 447-9100
  • Listing Agent: Michael Smallegan

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Hop on I-196 E and in just 2 minute s(1.6 miles), take exit 78 for Collage Ave NE. Use the right 2 lanes to turn right onto College Ave NE and cruise for 3 minutes (0.6 miles). Then, follow the scenic route via Lake Dr SE straight to Eastern Ave SE. Quick, easy, and youre there!

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,900

Tax Information:

  • Annual Amount: $5,150
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Grand Rapids, MI.

Map thumbnail provided by MapBox

Grand Rapids, MI

City

Med. Sold Price

$310K

Med. Price/SqFt

$185

Avg. Days On Market

22

# of Sold Homes

277

125 Eastern Ave SE vs Grand Rapids

32 DAYS ON ROCKET

+10 Days

$649,900

+$339.8K More

KEY TAKEAWAY

This property is $339.8K more than the Median Sold Price in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS
  • MLS Number: #65024059658

Listing Office:

  • Office Name: Keller Williams GR North
  • Office Phone: (616) 447-9100
  • Listing Agent: Michael Smallegan

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 11:21:13 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 02, 2021Home Sold
$580,000
Jan 12, 2017Home Sold
$203,000
Dec 22, 2008Home Sold
$54,000
Mar 20, 2007Home Sold
$196,070
Aug 09, 2004Home Sold
$190,000
Apr 15, 1999Home Sold
$126,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,150$125,300
2020$5,150$119,700
2019$4,569$108,000
2018$3,394$96,800
2017$2,965$86,600

History based on county public records data.

Payment Calculator

$3,311

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

Powered By

Rocket Mortgage

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4507177
6
/10

  • Congress Elementary School

  • 940 Baldwin St SE

  • 0.22 miles

  • Public District Grades PK-5

school-card-donut-4507178
8
/10

  • Grand Rapids Child Discovery Center

  • 409 Lafayette Ave SE

  • 0.73 miles

  • Public Charter Grades KG-5

school-card-donut-4507179
3
/10

  • William C Abney Academy Elementary School

  • 1435 Fulton St E

  • 0.78 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,292. The majority of Grand Rapids, MI residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kent County›Grand Rapids›49503›125 Eastern Ave SE

This home is located at 125 Eastern Ave SE in Grand Rapids, MI and zip code 49503 in the East Hills neighborhood. This home, which was built in 1878, sits on a 0.10 acre lot. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $649,900.

In November 2024, from all listings sold in Grand Rapids, MI there were more than 93 sold above asking price, over 122 sold below and more than 62 were sold right at the asked price. The inventory of homes for sale in Grand Rapids, MI between October 2024 and November 2024 decreased by 10.4%. Listings spent 22 days on the market in November 2024, and had a median list price of $310,027 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources