Listing provided courtesy of Five Star Real Estate (Walker)- MLS# 26028658MLS ProviderSource MLS Verified

145 Lafayette StreetIonia, MI 48846

Multi-Family · 0.14 Acres
$274,900 Active

145 Lafayette Street Overview

Time on Site:
19 days
Visits:
0

Investment and/or Owner Occupied Opportunity Alert! Current rents $1250 & $1100, with owner occupying the 3rd unit, potential to earn $3,000/month. Rare and outstanding opportunity to own an income-producing triplex in a convenient location close to downtown! All three units have been updated, offering modern appeal for tenants and reduced maintenance concerns. Updated windows and siding add even more value to this turnkey property. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the others, this property offers flexibility and excellent cash flow potential. Opportunities like this do not come around often!

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145 Lafayette Street Facts & Features

  • Type Multi-Family
  • Lot 0.14 Acres

Details

General

Building Information

  • New Construction: No
  • Year Built: 1900

Location/Region

  • County Or Parish: Ionia

Rent/Lease Information

  • Tenant Pays: None

Tax Information

  • Tax Annual Amount: 3481.0

General Information

  • Parcel Number: 203-230-000-115-00
  • Property Sub Type: 2 to 4 Units
  • Property Type: Multi Family

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

    Exterior

    Parking Information

    • Parking Features: Paved

    Lot Information

    • Lot Size Acres: 0.14
    • Lot Size Area: 0.14
    • Lot Size Dimensions: 47x132
    • Lot Size Square Feet: 6098.0
    • Lot Size Units: Acres
    • Road Surface Type: Paved

    Waterfront/View

    • Waterfront: No

    Building Exterior/Construction

    • Attached Garage: No
    • Construction Materials: Vinyl Siding
    • Roof: Composition

    General Information

    • Number Of Units Total: 3
    • Utilities: Phone Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected

    145 Lafayette Street Neighborhood

    Community

    48846 (Ionia) Demographics

    39
    Median Age
    185
    Population Density (per sq. mile)
    21%
    College Educated
    $52,983
    Estimated Median Income
    4,531
    Estimated Total Home Owners
    2,158
    Estimated Total Renters
    68% / 32%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    145 Lafayette Street Monthly Cost

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    $ %
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    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    145 Lafayette Street Market Data

    Based on the last 30 days in this zip code

    $285,035
    Average List Price
    $146
    Average Price per Square Foot
    10
    Properties Sold
    94
    Average Days on Market
    87
    Properties for Sale
    Calculations provided by Reliance Network