$760,000
$845,000
10.1%For more information regarding the value of a property, please contact us for a free consultation.
450 Fountain NE Street Grand Rapids, MI 49503
0.45 Acres Lot
Key Details
Sold Price $760,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 26045679
Sold Date 10/06/26
Year Built 1891
Annual Tax Amount $16,025
Tax Year 2026
Lot Size 0.448 Acres
Acres 0.45
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
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. 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.
Location
State MI
County Kent
Rooms
Basement Full
Interior
Heating Forced Air
Cooling Window Unit(s)
Laundry In Basement
Exterior
Parking Features Paved
Utilities Available Natural Gas Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 13
Building
Lot Description Sidewalk, Wooded
Structure Type Aluminum Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-30-253-004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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