$ 480,000
227 James Avenue Grand Rapids, MI 49503-4730
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$ 480,000
Est. payment | /mo
6,098 Sqft Lot
$ 480,000
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70425247
Year Built 1890
Annual Tax Amount $8,451
Tax Year 2023
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.
Location
State MI
County Kent
Area Grand Rapids (41032)
Zoning Residential
Rooms
Basement MI Basement
Interior
Heating Forced Air
Exterior
Exterior Feature Wood
Waterfront No
Building
Lot Description Sidewalks
Foundation Basement
Water Public Water
Structure Type Wood
Schools
School District Grand Rapids City School District
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by AARE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "