117 Deloney Avenue SW, Grand Rapids, MI 49504
$275,000 - Sold
- MLS#: 26004741
- Number of Units: 2
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1870
- Basement: Yes
- Air: None
- Lot Size: 63 x 66
- Square Footage: 0
- Exterior: Vinyl Siding
- Water: Public Water4
- Acreage: .95
- Heat: Forced Air/Natural Gas
- PPN: 41-13-26-435-015
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Cable Available,Electricity Available,Natural Gas Available,Public Sewer,Public Water
- Extras: None
- Lot Description:
- Frontage/Type: 63 / Street, 0 / Water
- Terms: Cash, Conventional, FHA
- Original Price: $284,900
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: US 131, Market St. Exit, Northeast to Fulton, West past Indiana, South on Deloney.
- Property Description: Well-maintained 2-unit investment property located within close distance to GVSU's downtown business campus. Unit 1 features 2 bedrooms and 1 full bathroom with current rent at $1,100/month. Unit 2 offers 1 bedroom and 1 full bathroom with current rent at $1,200/month. Both leases run through 7/15/2026, providing immediate and stable rental income.The property is City Certified through 3/28/2028 and has several updates, including newer siding, vinyl replacement windows, and water heaters that are approximately four years old. One furnace is approximately 8 years old and the second is approximately 18 years old. Property has split electric and gas meters. Strong rental history, solid mechanicals, and a prime downtown location make this an attractive addition to any investment portfolio.Full insp
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