$274,900
Ionia, MI 48846
MLS# 26028658
1 / 28
Property Description
Investment and/or Owner Occupied Opportunity Alert! Current rents $1250 & $1100, with owner occupying the 3rd unit, potential to earn $3,000/month. Rare and outstanding opportunity to own an income-producing triplex in a convenient location close to downtown! All three units have been updated, offering modern appeal for tenants and reduced maintenance concerns. Updated windows and siding add even more value to this turnkey property. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the others, this property offers flexibility and excellent cash flow potential. Opportunities like this do not come around often!
Details
Maps
Location & Property Info
Cross Streets: Lafayette & Rich
Property Sub-Type: 2 to 4 Units
Municipality: Ionia City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 113.22
General Property Info
New Construction: No
Lot Dimensions: 47x132
Road Frontage: 47
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2428
Total Parking Spaces: 3
School District: Ionia
Lot Measurement: Acres
Lot Square Footage: 6098
Lot Acres: 0.14
Year Built: 1900
Tax Info
Taxable Value: 91608
SEV: 106200
For Tax Year: 2026
Seller's Annual Property Tax: 3481
Tax Year: 2025
Homestead %: 100
Spec Assessment & Ty: None known
Zoning: RES
Tax ID #: 203-230-000-115-00
Remarks & Misc
Public Remarks: Investment and/or Owner Occupied Opportunity Alert! Current rents $1250 & $1100, with owner occupying the 3rd unit, potential to earn $3,000/month. Rare and outstanding opportunity to own an income-producing triplex in a convenient location close to downtown! All three units have been updated, offering modern appeal for tenants and reduced maintenance concerns. Updated windows and siding add even more value to this turnkey property. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the others, this property offers flexibility and excellent cash flow potential. Opportunities like this do not come around often!
Legal: CITY OF IONIA SUP. WILLIAMS ADD LOT 28
Waterfront Options
Water Access Y/N: No
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Phone Available: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
None: 1
Driveway
Paved: 1
Substructure
Michigan Basement: 1
Owner Pays
Electricity: 1
Gas: 1
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: A Main Level
SqFt: 770
Occupied: Yes
Monthly Rent: 1100
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: B Upper Unit
SqFt: 850
Occupied: Yes
Monthly Rent: 1250
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit #: 3
Unit Description: C- Studio
SqFt: 288
Occupied: Yes
Monthly Rent: 0
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Plus 30 Days: 1
Location Property Info
County: Ionia
Street #: 145
Street Name: Lafayette
Suffix: Street
State: MI
Zip Code: 48846
Zip (4): 1676
OfficeContract Info
Status: Active
Current Price: $274,900
List Price: $274,900
Listing Date: 2026-06-11
Remarks Misc
Directions: Bluewater Hwy (M-21) past M-66 South to Rich, Right to Lafayette, right to home
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Phone Available
Owner Pays: Electricity; Gas; Sewer; Water
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Close Plus 30 Days
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Listing Office: Five Star Real Estate (Walker)
Listing Agent: Garrett B Kirby
Last Updated: June - 25 - 2026
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