117 Deloney Avenue SW, Grand Rapids, MI 49504
- $275,000
- Sold Price
- $275,000
- List Price
- $274,900
- Closing Date
- May 18, 2026
- Days on Market
- 38
- MLS#
- 26004741
- Status
- SOLD
- Type
- Multifamily
Property 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.
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Additional Information
- Owner Pays
- Water
- Taxes
- $3,127
- Acres
- 0.95
- Basement
- Full
- Heating
- Forced Air
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Trash Collection
- Total Parking Spaces
- 2
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Ashleigh VanDuinen-Leistra from Listing Office: RE/MAX of Grand Rapids (Grandville).
Selling Agent: Selling Office: .
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