450 Fountain Street NE, Grand Rapids, MI 49503
- $845,000
- List Price
- $845,000
- Days on Market
- 9
- MLS#
- 26045679
- Status
- PENDING
- Type
- Multifamily
Property Description
A rare investment opportunity in the heart of historic Heritage Hill! This stunning five-unit property offers five generously sized one-bedroom, one-bath residences, each approximately 1,000 sf located on a tree-lined street. Beautiful historic character blends seamlessly with thoughtfully updated interiors, with units refreshed in 2022 and attractive finishes throughout. Situated on an extraordinary quadruple lot with an assessed land value exceeding $710,000, the property features an expansive fenced yard, three garage spaces and approximately 10 additional parking spaces - an exceptional amenity in this highly desirable neighborhood. All five units are currently leased, including the garage spaces, providing immediate rental income for the next owner. The property has been newly certified by the City of Grand Rapids for another six years through 2032, offering added confidence and convenience for the next owner. Located next to GRCC, just minutes to accessible downtown Grand Rapids. With convenient access to restaurants, entertainment, medical facilities, universities and everything the city has to offer. A truly distinctive combination of location, land, historic appeal and income-producing potential. One unit could be potentially owner occuopied. Showings only upon appointment (showing window) for pre-approved, serious buyers.
Additional Information
- Owner Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Taxes
- $16,025
- Acres
- 0.45
- Basement
- Full
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Tenant Pays
- None
- Total Parking Spaces
- 13
- Utilities
- Natural Gas Connected
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Ingrid C Anastasiu from Listing Office: Keller Williams GR East.
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