$275,000
$274,900
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4,158 Sqft Lot
SOLD DATE : 05/18/2026
Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 26004741
Sold Date 05/18/26
Year Built 1870
Annual Tax Amount $3,127
Tax Year 2025
Lot Size 4,158 Sqft
Acres 0.95
Lot Dimensions 63 x 66
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Well-maintained 2-unit investment property located within close distance to GVSU's downtown business campus.
Unit 1 features 2 bedrooms and 1 full bathroom with current rent at $1,100/month. Unit 2 offers 1 bedroom and 1 full bathroom with current rent at $1,200/month. Both leases run through 7/15/2026, providing immediate and stable rental income.
The property is City Certified through 3/28/2028 and has several updates, including newer siding, vinyl replacement windows, and water heaters that are approximately four years old. One furnace is approximately 8 years old and the second is approximately 18 years old. Property has split electric and gas meters.
Strong rental history, solid mechanicals, and a prime downtown location make this an attractive addition to any investment portfolio.
Full inspection report available for buyer's convenience.
To respect tenant privacy, showings are limited to Thursdays from 3-5 PM and Saturdays from 10 AM-1 PM.
Location
State MI
County Kent
Direction US 131, Market St. Exit, Northeast to Fulton, West past Indiana, South on Deloney.
Rooms
Basement Full
Interior
Heating Forced Air
Exterior
Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Total Parking Spaces 2
Building
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-13-26-435-015
Acceptable Financing FHA, Cash, Conventional
Listing Terms FHA, Cash, Conventional
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Bought with Berkshire Hathaway HomeServices Michigan Real Estate (Main)
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