450 Fountain Street NE, Grand Rapids, MI 49503
$760,000 - Sold
- MLS#: 26045679
- Number of Units: 5
- Type: 5+ Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1891
- Basement: Yes
- Air: Window Unit(s)
- Lot Size: 0
- Square Footage: 5,044
- Exterior: Aluminum Siding
- Water: Public Water4
- Acreage: .45
- Heat: Forced Air/Natural Gas
- PPN: 41-14-30-253-004
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Natural Gas Connected
- Utilities Available at Street: None19
- Extras: Garages,Tenant Storage
- Lot Description: Sidewalk,Wooded
- Frontage/Type: 75 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $825,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions:
- 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 bGrand Rapids. With 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.
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