$270,000
Grand Rapids, MI 49507
MLS# 25024691
Status: Pending
1 / 28
Property Description
Opportunity knocks on Ionia Ave SW! Whether you're looking to house hack or expand your investment portfolio, this fully rented duplex offers solid income and flexibility in a convenient GR location. The lower unit is 3/1, upper unit is a 2/1, with both units providing spacious layouts and strong rental appeal at $3100 total monthly rent! Both units have been incrementally updated during the seller's ownership, and the home is professionally managed by Neighbors Development, offering a smooth and hands-off transition for the next owner. This property offers shared laundry, a fenced-in yard, plenty of off-street parking, and is conveniently located near downtown Grand Rapids, major highways, and local parks—making it a smart and attractive investment. Ask listing agent for financials.
Details
Maps
Location Property Info
County: Kent
Street #: 1007
Street Name: Ionia
Suffix: Avenue
Post Direction: SW
State: MI
Zip Code: 49507
Area: Grand Rapids - G
OfficeContract Info
Status: Pending
Current Price: $270,000
List Price: $270,000
Listing Date: 2025-05-28
General Property Info
Lot Measurement: Acres
Lot Square Footage: 5793
Lot Acres: 0.13
Lot Dimensions: 44*132
Year Built: 1906
New Construction: No
Financial Available: Yes
Financial Comments: ask LA for lease info and financials
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-01-13
Road Frontage: 44
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2000
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-36-476-047
Taxable Value: 82976
SEV: 109000
For Tax Year: 2025
Annual Property Tax: 4173
Tax Year: 2024
Spec Assessment & Ty: none known
Remarks Misc
Directions: Division Avenue to Hall St (if coming from South) or Albany (if coming from north), to Ionia.
Status Change Info
Under Contract Date: 2025-06-05
Access Feat
Accessibility Features: No
Income and Expenses
Annual Mgmt. Fees: 3091
Gross Op. Inc.: 31443.9
Unit 1
Unit #: 1
Unit Description: First Floor
SqFt: 1069
Occupied: Yes
Monthly Rent: 1600
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Second Floor
SqFt: 931
Occupied: Yes
Monthly Rent: 1500
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: Common Area
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Broadband; Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Electricity; Gas; Sewer; Trash Collection; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Driveway: None
Street Type: Paved; Public
Terms Available: Cash; Conventional; Tax Def Exchange
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: A/C Unit; Range Oven; Refrigerator; Washer/Dryer
Unit 2: Range/Oven; Refrigerator; Washer/Dryer
Listing Office: Greenridge Realty South Haven
Listing Agent: Emily Anderson
Last Updated: June - 06 - 2025
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