$374,900
Ionia, MI 48846
MLS# 25040716
Status: Pending
1 / 35
Property Description
Investor's dream or ideal owner-occupy opportunity! This fully occupied 4-unit multi-family property sits on a desirable corner lot and is a rare find for those looking to expand their portfolio or offset their mortgage with rental income. All units are on month-to-month leases, offering steady cash flow and flexibility for the new owner. Each unit is well-maintained with spacious layouts, plenty of natural light, and separate utilities. Tenants enjoy off-street parking and a quiet, well-kept setting. Whether you're planning a 1031 exchange, portfolio expansion, or house-hacking strategy, this property offers both immediate income and long-term upside. Potential to increase rents or upgrade units to boost value. Located near schools, shopping, and local amenities. Don't miss this chance
Details
Maps
Location Property Info
County: Ionia
Street #: 22
Street Name: Wager
Suffix: Place
State: MI
Zip Code: 48846
Zip (4): 2801
Area: Grand Rapids - G
OfficeContract Info
Status: Pending
Current Price: $374,900
List Price: $374,900
Listing Date: 2025-08-12
General Property Info
Lot Measurement: Acres
Lot Square Footage: 10890
Lot Acres: 0.25
Lot Dimensions: 82x132
Year Built: 1901
New Construction: No
Cert of Compliance: Yes
Road Frontage: 82
Total # Units: 4
# of Diff Unit Floor Plans: 4
Total # Bldgs: 1
Total Parking Spaces: 8
Waterfront: No
School District: Ionia
Tax Info
Tax ID #: 204-210-000-210-00
Taxable Value: 135450
SEV: 147300
For Tax Year: 2024
Seller's Annual Property Tax: 7671
Tax Year: 2024
Spec Assessment & Ty: none
Zoning: res
Remarks Misc
Directions: Corner of E Washington and Wager place, just West of the hospital
Status Change Info
Under Contract Date: 2025-10-27
Access Feat
Accessibility Features: No
Unit 1
Unit Description: A-off garage
SqFt: 900
Occupied: Yes
Monthly Rent: 1200
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: B-First Floor
SqFt: 600
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: C-Second Floor
SqFt: 600
Occupied: Yes
Monthly Rent: 950
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: D-Lower w upper
SqFt: 1000
Occupied: Yes
Monthly Rent: 1200
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: In Basement
Exterior Material: Vinyl Siding
Roofing: Metal
Substructure: Full
Lot Description: Corner Lot
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer
Extras: Garages
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Street Type: Paved
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Supplements
to own a turn-key investment in a strong rental market. Schedule your showing today and start building wealth through real estate!
Listing Office: Michigan Top Producers
Listing Agent: Linda Lazarus
Last Updated: January - 13 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.