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    2550 Eastern Ave SE, Unit 124 Grand Rapids, MI 49507

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    For Sale
    $231,000

    Income-qualified 2-3 bedroom condominium in historic Alger Heights.

    Property size:
    1,754 SF

    Property Features for 2550 Eastern Ave SE

    General Information

    Size
    1,754 SF

    Building Details

    Year built
    2025

    Source: Keller Williams Realty of Grand Rapids Agent Jamecia Adams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Modern Condominium in Alger Heights

    The Seymour Condominiums offer a modern, income-qualified living opportunity in the Alger Heights neighborhood. This historic school building has been redeveloped into 27 affordable condominiums. These two-story units feature 2 to 3 bedrooms and 2 full bathrooms. Each unit includes a main-floor bedroom and bath designed for accessibility. Residents benefit from assigned parking and in-unit laundry facilities. The monthly fee covers lawn care, snow removal, water, and trash services, contributing to a low-maintenance lifestyle. The property is located close to parks, shops, and local businesses. Applications open 5/14/2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.646952
    Latitude
    42.916236

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    FAQs

    What type of property is this?
    Apartment building - Income-qualified 2-3 bedroom condominium in historic Alger Heights.
    Where is this apartment building located?
    The property is located at 2550 Eastern Ave SE, Unit 124 Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $231,000.
    What are key features of this property?
    This property features: - Modern, income-qualified condominium in the desirable Alger Heights neighborhood.; - Two-story unit featuring 2-3 bedrooms and 2 full bathrooms, including a main-floor bedroom and bath for accessibility.; - Enjoy low-maintenance living; lawn care, snow removal, water, and trash are included in the monthly fee.
    Request Owner's contact information
    2550 Eastern Ave SE, Unit 124 Grand Rapids, MI 49507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2550 Eastern Ave SE, Unit 124 Grand Rapids, MI 49507
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