205 Marion Avenue
Grand Rapids, MI 49504

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Description

Ideally located near downtown Grand Rapids, this 2-unit property offers a great opportunity for both owner-occupants and investors. With one unit currently vacant, this home is ideal for those looking to live in one unit and rent the other or add a solid property to their investment portfolio. Both units feature 2 bedrooms and 1 full bathroom, along with separate gas and electric utilities. Unit 1 is currently rented at $1,495 per month with a lease in place through 3/31/2026. Unit 2 is vacant and easy to show. Additional highlights include a 2-stall detached garage offering off-street parking, plus ample street parking. The property is City Certified through 3/12/2031, and a full inspection report is available for buyer convenience. Unit 2 is easy to show. Unit 1 showings are limited to Thursdays from 3-5 PM and Saturdays from 10 AM to 1 PM. Come and see it before its gone!

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49504
• Year Built: 1900
• School District: Grand Rapids
• Units: 2 units
• Basement: Michigan Basement, Yes, Yes
• # of Parking Spaces: 4
• Lot Size: 8712 sq ft lot
• Construction Materials: Wood Siding
• Cross Street: Sibley
• Directions: South off of Bridge st on Marion to the corner of Marion and Sibley.
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Description: Corner Lot
• Lot Features: Corner Lot
• Lot Size Area: 0.2
• Lot Size Square Feet: 4920
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 2
• Owner Pays: Water
• Parcel Number: 41-13-26-207-027
• Possession: Subject To Tenant Rights
• Road Frontage: 61
• Roof: Composition
• SEV: 132100
• Sewer: Public Sewer
• Spec Assessment Ty: None known to seller
• Street Type: Public
• Tax Annual Amount: 4929
• Tax Legal Description: LOT 26* RICHARDS PARK ADDITION
• Tax Year: 2025
• Tenant Pays: Electricity, Gas
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 1962
• Township: City of Grand Rapids
• Util Availat Street: Cable Available
• Utilities: Natural Gas Connected, Cable Available
• Water Access: No
• Water Source: Public Water