508 Delaware SE Street Grand Rapids, MI 49507
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Pending
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 25046172
Year Built 1920
Annual Tax Amount $1,875
Tax Year 2025
Lot Size 4,966 Sqft
Acres 0.11
Lot Dimensions 40 x 124
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Lower unit offers 2 bedrooms, 1 bath, and a newer furnace and is currently rented for $1,075/month thro 5/30/26.
Upper unit features 1 bedroom, 1 bath and a flexible floor plan that could be used as 2 bedrooms or 1 bedroom plus living space.
Recently updated with 2 new water heaters. Mainly vinyl windows in both units. Tenants pay gas, electric and trash; owner covers water/sewer.
The upper unit is vacant opening the option for an owner occupier or the rental potential of $945/month (placement verified with United Property Management). Great investment opportunity with solid rental income and upside potential. Thinking of OWNER OCCUPYING THIS PROPERTY? Contact me to learn how you could potentially save $15,000 Thinking of OWNER OCCUPYING THIS PROPERTY? Contact me to learn how you could potentially save $15,000
Location
State MI
County Kent
Area Grand Rapids - G
Direction MLK to South on Madison to East on the Property
Rooms
Basement Full
Interior
Heating Forced Air
Cooling None
Exterior
Utilities Available Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Composition
Building
Structure Type Brick,Wood Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-14-31-406-021
Acceptable Financing VA Loan, FHA, Cash, Conventional
Listing Terms VA Loan, FHA, Cash, Conventional
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