508 Delaware Street Active

Grand Rapids,MI 49507-1228

$ 220000

- Bed

- Bath

1569 SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,569 sqft

Price per Sqft $140

Subdivision Mi

MLS Listing ID 70492837

Year Built 1920

Annual Tax Amount $1,875

Tax Year 2024

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40 x 124

Property Sub-Type Multi-Family

Property Description

Grand Rapids Duplex! Located just 9 mins from Downtown GR. Lower unit offers 2 bedrooms, 1 bath, and a newer furnace and is currently rented for $1,075/month thro 5/30/26.Upper unit features 1 bedroom, 1 bath and a flexible floor plan that could be used as 2 bedrooms or 1 bedroom plus living space. Recently updated with 2 new water heaters. Mainly vinyl windows in both units. Tenants pay gas, electric and trash; owner covers water/sewer.The upper unit is vacant opening the option for an owner occupier or the rental potential of $945/month (placement verified with United Property Management). Great investment opportunity with solid rental income and upside potential.

Location

State MI

County Kent

Area Grand Rapids (41032)

Zoning Residential

Interior

Heating Forced Air

Cooling None

Exterior

Exterior Feature Brick,Wood

Building

Foundation Basement

Structure Type Brick,Wood

Schools

School District Grand Rapids City School District

Others

Energy Description Natural Gas

Financing Cash,Conventional,FHA,VA

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