$274,900
Grand Rapids, MI 49504
MLS# 26004741
Status: Pending
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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.
Details
Maps
Documents
Location & Property Info
Cross Streets: Watson St and Dayton St
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 63 x 66
Road Frontage: 63
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2028-03-28
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Parking Spaces: 2
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 4158
Lot Acres: 0.95
Year Built: 1870
Tax Info
Taxable Value: 60586
SEV: 92800
For Tax Year: 2025
Seller's Annual Property Tax: 3127
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None known
Zoning: n/a
Tax ID #: 41-13-26-435-015
Remarks & Misc
Public Remarks: 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.
Legal: S 66 FT OF E 63 FT OF LOT 8 BLK 25* SHEPARD S ADDITION
Waterfront Options
Water Access Y/N: No
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
Mineral Rights
Unknown: 1
Exterior Material
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Substructure
Full: 1
Owner Pays
Water: 1
Unit 1
Unit Description: Unit 1
SqFt: 808
Occupied: Yes
Monthly Rent: 1100
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit Description: Unit 2
SqFt: 606
Occupied: Yes
Monthly Rent: 1200
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Possession
Subject To Tenant Rights: 1
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: Pending
Current Price: $274,900
List Price: $274,900
Listing Date: 2026-02-10
Remarks Misc
Directions: US 131, Market St. Exit, Northeast to Fulton, West past Indiana, South on Deloney.
Status Change Info
Under Contract Date: 2026-03-20
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: March - 21 - 2026
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