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Jim Blehm

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

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258 E Adams St , Ionia, MI 48846
$175,000
Est. Payment: $388.89/mo
0 Bed
0 Bath
0 Sqft
Status: Pending | Days on site: 130
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House Description

Maximize your ROI with this impeccably maintained duplex in the heart of Ionia. This is a rare ''plug-and-play'' opportunity where all the heavy lifting has already been completed, as the property has undergone a massive overhaul since 2018 designed to minimize future overhead and maximize peace of mind. Significant capital improvements include a complete replacement of the main sewer line, new main water line, two new furnaces, two new water heaters, new vinyl siding, energy-efficient windows, new roof over the garage, and a freshly paved driveway and sidewalks. The interior is equally impressive, featuring modernized kitchens with newer appliances and two 1-bedroom, 1-bathroom units that have enjoyed a consistent and strong occupancy history. The upper unit offers a premium feature for tenants with its own attached garage, adding further value to the asset. Perfectly situated just a short distance from the trails, parks, and charming shops of Historic Downtown Ionia, this property is ideally positioned to attract and retain quality long-term residents. Whether you are looking to start your portfolio or add a low-maintenance cornerstone asset, this duplex is fully rented and ready for a seamless transition to its next owner.

Highlights

Listed by Rick D Hebden , 517-242-8073 and Cathy A Hoppough , 616-915-2890 Keller Williams Realty Rivertown , 616-288-3244.

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

1947

County

Ionia

School District

Ionia

Listing ID

26015090

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Michigan Basement

Exterior Features

Lot:Sidewalk,Corner Lot
Garage Capacity:2
Roof:Metal
Parking Features:Concrete,Driveway
Principal Interest
$389
Taxes
$166

Home Price

$175,000

Loan Details

30 yrs
%

Down Payment

20%
$35,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$388.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $388.89 $165.84 $0.00 $554.73
Yearly $4,666.67 $1,990.07 $0.00 $6,656.74
Total $140,000.00 $59,702.10 $0.00 $199,702.10

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 (Ionia, 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.