719 Crawford Street, Belding, MI 48809
$2,100,000 - Sold
- MLS#: 25015204
- Number of Units: 18
- Type: 5+ Units
- School District: Belding
- County: Ionia
- Taxing Authority: Belding City
- Year Built: 1998
- Basement: Yes
- Air: None
- Lot Size: 514 x 302
- Square Footage: 0
- Exterior: Vinyl Siding
- Water: Public Water4
- Acreage: 3.36
- Heat: Forced Air/Natural Gas
- PPN: 401-040-000-015-00
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Electricity Available,Natural Gas Available,Public Sewer,Public Water
- Extras: None
- Lot Description: Cul-De-Sac
- Frontage/Type: 514 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $2,500,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: North from Belding road Bridge Street,right on Vincent to North on Crawford.
- Property Description: Offered at 2,500,000, 719 Crawford Street features a rare collection of nine duplex buildings totaling 18 two bedroom, one bath units. Each with an attached 1 stall garage and a full daylight unfinished basement-presenting both immediate cash flow and long-term value-add potential.Current average rents are approximately $995 per unit, with top end rents already reaching $1,200. Market conditions support rent adjustments across the board, with minimal improvements needed to achieve $1,200+ monthly rents. Investors will appreciate the clean, well maintained interiors, tenant paid gas and electric utilities, and landlord covered water, sewer, lawn care and snow removal. All units sit on a large 3.364-acre parcel and were constructed between 2000 and 2005, offering durable layouts,attached garages, and full daylight basements ready for future expansion. Finishing basements could create addition living space and drive rents even higher into the $1,400-1,600 range. dramatically increasing the property's overall NOI and value. This property boasts a proven 20 year track record of high occupancy with minimal turnover, located in a quiet residential setting near downtown Belding and within an easy commute to Grand Rapids. Whether you're seeking a stabilized asset with immediate upside or longer-term value-add project, 719 Crawford Street checks all the boxes. Don't miss this rare offering!
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