450 Fountain NE Street, Grand Rapids, MI 49503
450 Fountain NE Street, Grand Rapids, MI 49503
450 Fountain NE Street, Grand Rapids, MI 49503
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$845,000
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0.45 Acres Lot
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450 Fountain NE Street Grand Rapids, MI 49503

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Jonathan Stowers

Jonathan Stowers

+1(269) 675-0215

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Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 26045679

Year Built 1891

Annual Tax Amount $16,025

Tax Year 2026

Lot Size 0.448 Acres

Acres 0.45

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

Property 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 walkable downtown Grand Rapids w 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. 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.

Location

State MI

County Kent

Rooms

Basement Full

Interior

Heating Forced Air

Cooling Window Unit(s)

Laundry In Basement

Exterior

Parking Features Paved

Utilities Available Natural Gas Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 13

Building

Lot Description Sidewalk, Wooded

Structure Type Aluminum Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-30-253-004

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Keller Williams GR East

NEARBY SCHOOL & BUSINESS

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Jonathan Stowers

Jonathan Stowers

Agent License ID: 6501449876

+1(269) 675-0215

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450 Fountain NE Street