$490,000
For Sale

227 James Avenue SE

Grand Rapids, MI 49503
Browse 38 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

Imagine living 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!
Gross Airbnb income could easily bring in 50k year which should more than cover the mortgage!
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.

  • Property Details
      • Lot DescriptionSidewalk
    • Measurements
      • Acres0.14
  • Construction Details
      • BasementMichigan Basement
      • Property TypeMulti-Family
    • Condition
      • Year Built1890
  • Utilities / Energy Details
      • Utility FeaturesPhone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connecte
      • Sewer InformationPublic Sewer
  • Community and Neighborhood Details
      • School DistrictGrand Rapids
      • CountyKent
  • Financial Details
      • Original List Price$510,000
      • Days on Market (Cumulative)35
  • Other
      • MLS #24042802

Location

Workhorse Realty LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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