117 Deloney Avenue
Grand Rapids, MI 49504

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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 inspection report available for buyer's convenience. To respect tenant privacy, showings are limited to Thursdays from 3-5 PM and Saturdays from 10 AM-1 PM.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49504
• Year Built: 1870
• School District: Grand Rapids
• Units: 2 units
• Basement: Full, Yes, Yes
• # of Parking Spaces: 2
• Lot Size: 0.95 acres
• Construction Materials: Vinyl Siding
• Cross Street: Watson St and Dayton St
• Directions: US 131, Market St. Exit, Northeast to Fulton, West past Indiana, South on Deloney.
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Size Area: 0.95
• Lot Size Square Feet: 4158
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Water
• Parcel Number: 41-13-26-435-015
• Possession: Subject To Tenant Rights
• Road Frontage: 63
• SEV: 92800
• Sewer: Public Sewer
• Spec Assessment Ty: None known
• Tax Annual Amount: 3127
• Tax Legal Description: S 66 FT OF E 63 FT OF LOT 8 BLK 25* SHEPARD S ADDITION
• Tax Year: 2025
• Tenant Pays: Electricity, Gas, Trash Collection
• Terms Available: Cash, Conventional, FHA
• Township: City of Grand Rapids
• Util Availat Street: Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water
• Utilities: Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available
• Water Access: No
• Water Source: Public Water