$480,000
For Sale

227 James Avenue SE

Grand Rapids, MI 49503
2589 sqft | 5 beds | 2.5 baths | 0.14 acres | #24042812
Browse 37 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Interior Details
      • Bathrooms2.5
      • Bedrooms5
      • Full Baths2
      • Half Baths1
  • Property Details
      • Lot DescriptionSidewalk
    • Measurements
      • Acres0.14
      • Square Feet2589
  • Construction Details
      • BasementMichigan Basement
      • Property TypePurchase
      • StyleHistoric
    • Condition
      • Year Built1890
  • Utilities / Energy Details
      • Utility FeaturesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Co
      • Sewer InformationPublic Sewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • School DistrictGrand Rapids
      • CountyKent
  • Financial Details
      • Original List Price$510,000
      • Days on Market (Cumulative)100
  • Other
      • MLS #24042812

Location

Teresa L Molyneux | TJR RealtyReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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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.

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Loan Amount
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