$284,900
Grand Rapids, MI 49504
MLS# 26004741
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Property Description
Well-maintained 2-unit investment property located within walking 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.
Details
Maps
Documents
Location Property Info
County: Kent
Street #: 117
Street Name: Deloney
Suffix: Avenue
Post Direction: SW
State: MI
Zip Code: 49504
Zip (4): 6210
OfficeContract Info
Status: Active
Current Price: $284,900
List Price: $284,900
Listing Date: 2026-02-10
General Property Info
Lot Measurement: Acres
Lot Square Footage: 4158
Lot Acres: 0.95
Lot Dimensions: 63 x 66
Year Built: 1870
New Construction: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-03-28
Road Frontage: 63
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 2
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-13-26-435-015
Taxable Value: 60586
SEV: 92800
For Tax Year: 2025
Seller's Annual Property Tax: 3127
Tax Year: 2025
Spec Assessment & Ty: None known
Zoning: n/a
Remarks Misc
Directions: US 131, Market St. Exit, Northeast to Fulton, West past Indiana, South on Deloney.
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Unit 1
Unit Description: Unit 1
SqFt: 808
Occupied: Yes
Monthly Rent: 1100
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Unit 2
SqFt: 606
Occupied: Yes
Monthly Rent: 1200
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Vinyl Siding
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Public Sewer; Public Water
Owner Pays: Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; Washer/Dryer
Unit 2: Range/Oven; Refrigerator; Washer/Dryer
Sellers Disclosure and LBP 
Listing Office: Re/Max of Grand Rapids (Grandville)
Listing Agent: Ashleigh VanDuinen-Leistra
Last Updated: February - 10 - 2026
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