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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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450 Fountain St NE , Grand Rapids, MI 49503
$845,000
Est. Payment: $1,877.78/mo
0 Bed
0 Bath
0 Sqft
Status: Pending | Days on site: 9
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House 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.

Highlights

Listed by Ingrid C Anastasiu , 616-304-9387 Keller Williams GR East , 616-575-1800.

Property Type

Multi-Family

Lot/Acreage
0.45

Year Built

1891

County

Kent

School District

Grand Rapids

Listing ID

26045679

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Window Unit(s)
Fireplaces:
Basement:Full

Exterior Features

Lot:Sidewalk,Wooded
Garage Capacity:13
Roof:Composition
Parking Features:Paved
Principal Interest
$1,878
Taxes
$1,335

Home Price

$845,000

Loan Details

30 yrs
%

Down Payment

20%
$169,000
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Monthly Price:
$1,877.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,877.78 $1,335.42 $0.00 $3,213.19
Yearly $22,533.33 $16,025.00 $0.00 $38,558.33
Total $676,000.00 $480,750.00 $0.00 $1,156,750.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.