$1,400,000
Lowell, MI 49331
MLS# 25031343
Status: Sold
1 / 54
Property Description
Now offering this 12-unit multi family investment property with great long term tenants and stable financials. Great location in Lowell and close to everything that tenants need, with easy access to GR, the airport and more. The property consists of three buildings on two parcels, across the street from each other. Mostly updated units, plenty of off street parking. Full details and expenses available to qualified buyers.
Details
Maps
Documents
Location & Property Info
Modifier: & 171
Cross Streets: Deborah
Property Sub-Type: 5+ Units
Area: Grand Rapids - G
Municipality: Lowell City
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 151x105x160x150
Financial Available: Yes
Road Frontage: 265
Cert of Compliance: Yes
Waterfront: No
Basement: No
Total # Units: 12
# of Diff Unit Floor Plans: 3
Total # Bldgs: 3
Total Parking Spaces: 12
School District: Lowell
Lot Measurement: Acres
Lot Square Footage: 40075
Lot Acres: 0.92
Year Built: 1966
Tax Info
Taxable Value: 266700
SEV: 303600
For Tax Year: 2024
Seller's Annual Property Tax: 16847.22
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: none known
Zoning: COMM-IMP
Tax ID #: 41-20-03-432-006
Remarks & Misc
Public Remarks: Now offering this 12-unit multi family investment property with great long term tenants and stable financials. Great location in Lowell and close to everything that tenants need, with easy access to GR, the airport and more. The property consists of three buildings on two parcels, across the street from each other. Mostly updated units, plenty of off street parking. Full details and expenses available to qualified buyers.
Legal: LOT 36 EX COM AT SE COR OF SD LOT TH N 0D 15M E ALONG W LINE OF VALLEY VISTA DR 20 FT TH N 89D 45M W 92 FT TH SWLY 58.21 FT ALONG A 385.36 FT RAD CURVE TO LT /LONG CHORD WHICH BEARS S 86D 02M W 58.17 FT/ TH S 0D 15M W 15.73 FT TO SW COR OF SD LOT TH S 89D 45M E 150 FT TO BEG * VALLEY VISTA NO 1 AND LOT 35 * VALLEY VISTA NO 1
Lot Description
Corner Lot: 1
Level: 1
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone 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
Other: 1
Exterior Material
Brick: 1
Other: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Hot Water: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Sewer: 1
Water: 1
Driveway
Paved: 1
Substructure
Other: 1
Extras
Carports: 1
Tenant Storage: 1
Owner Pays
Gas: 1
Trash Collection: 1
Unit 1
Unit Description: A 165
Identical Units: 1
SqFt: 700
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
W/D Hookup: 1
Unit 2
Unit Description: B 165
Identical Units: 1
SqFt: 700
Occupied: Yes
Monthly Rent: 1185
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
W/D Hookup: 1
Unit 3
Unit Description: C 165
Identical Units: 1
SqFt: 700
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
W/D Hookup: 1
Unit 4
Unit Description: D 165
SqFt: 700
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: A 168
SqFt: 700
Occupied: Yes
Monthly Rent: 1235
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: B 168
SqFt: 700
Occupied: Yes
Monthly Rent: 1195
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 7
Unit Description: C 168
SqFt: 700
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Monthly Rent: 1250
Unit 8
Unit Description: D 168
SqFt: 700
Occupied: No
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 9
Unit Description: A 171
SqFt: 700
Occupied: Yes
Monthly Rent: 1195
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 10
Unit Description: B 171
SqFt: 700
Occupied: Yes
Monthly Rent: 1175
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 11
Unit Description: C 171
SqFt: 700
Occupied: Yes
Monthly Rent: 1175
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 12
Unit Description: D 171
SqFt: 700
Occupied: No
Monthly Rent: 0
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 168
Street Name: Valley Vista
Suffix: Drive
Post Direction: SE
State: MI
Zip Code: 49331
Zip (4): 1534
OfficeContract Info
Status: Sold
Current Price: $1,400,000
List Price: $1,500,000
Listing Date: 2025-06-27
Remarks Misc
Directions: From downtown Lowell, head west on Main to Valley Vista, north on Valley Vista. Parcels are at the northwest corner of Deborah and Valley Vista, and the parcel for 171 is across the street on the east side of Valley Vista
Status Change Info
Under Contract Date: 2025-10-11
Sold Date: 2025-12-02
Sold Price: $1,400,000
Property Features
Exterior Material: Brick; Other
Substructure: Other
Lot Description: Corner Lot; Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Extras: Carports; Tenant Storage
Owner Pays: Gas; Trash Collection
Tenant Pays: Electric; Sewer; Water
Heat Source: Natural Gas
Heat Type: Hot Water
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Other
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: W/D Hookup
Unit 2: W/D Hookup
Unit 3: W/D Hookup
Finanical Summary 
Listing Office: EXP Realty (Grand Rapids)
Listing Agent: Ryan Ogle
Last Updated: December - 02 - 2025
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