$845,000
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450 Fountain ST NE City Of Grand Rapids, MI 49503
5,044 SqFt
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 5,044 sqft
Price per Sqft $150
MLS Listing ID 65026045679
Sold Date 10/06/26
Year Built 1891
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type MultiFamily
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 accessible downtownGrand 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.
Location
State MI
County Kent
Area Area41142Grandrapids
Rooms
Basement Full
Interior
Interior Features Storage
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Fireplace No
Laundry InBasement
Exterior
Parking Features Garage, Paved
Community Features Sidewalks
Utilities Available NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Lot Description Wooded
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Grand Rapids
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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