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$ 480,000

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Price Dropped by $10K

227 James Avenue SE Grand Rapids, MI 49503

2 Beds

6,098 Sqft Lot

UPDATED:

11/07/2024 02:51 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024042802

Bedrooms 2

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1890

Annual Tax Amount $8,451

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 45x132

Property Description

Motivated seller. Price dropped significantly below market value. House to be taken off the market at Thanksgiving and relisted at market price in spring. Conservative estimate for renting the 1 bedroom unit on Airbnb is 40k annually! Live for FREE in a 5 bedroom historic home in just a short walk from the wealthy corridor! This Could be Grand Rapids Finest Legal Airbnb! (City of GR restricts Short Term Rentals to just one bedroom in an already owner occupied dwelling.) This incredible home has a fully functioning 1 bedroom apartment directly attached!A lot of love and care has gone into remodeling! Reclaimed boards and lane markers from a bowling alley built in the 70's add character to the kitchen island.Original light fixtures throughout. Easy to convert back to single family. Lots of room to build a garage with plenty of off street parking

Location

State MI

County Kent

Area Grand Rapids

Zoning Residential

Direction From 131, East on Cherry Street, South on James St., Property is on west side of James St.

Interior

Heating Forced Air

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 4.0

Roof Type Composition

Road Frontage Paved, Pub. Sidewalk

Garage no

Building

Foundation Michigan Basement

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Wood

Schools

School District Grand Rapids

Others

Pets Allowed Yes

Tax ID 411430476017

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Jonathan Hazeltine of AARE

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227 James Avenue SE Grand Rapids, MI 49503

Key Details

Location

Interior

Exterior

Building

Schools

Others

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227 James Avenue SE