$275,000
$270,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
1007 Ionia SW Avenue Grand Rapids, MI 49507
5,793 Sqft Lot
Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Grand Rapids
MLS Listing ID 25024691
Sold Date 07/22/25
Year Built 1906
Annual Tax Amount $4,173
Tax Year 2025
Lot Size 5,793 Sqft
Acres 0.13
Lot Dimensions 44*132
Property Sub-Type 2 to 4 Units
Property Description
Opportunity knocks on Ionia Ave SW! Whether you're looking to house hack or expand your investment portfolio, this fully rented duplex offers solid income and flexibility in a convenient GR location.
The lower unit is 3/1, upper unit is a 2/1, with both units providing spacious layouts and strong rental appeal at $3100 total monthly rent!
Both units have been incrementally updated during the seller's ownership, and the home is professionally managed by Neighbors Development, offering a smooth and hands-off transition for the next owner.
This property offers shared laundry, a fenced-in yard, plenty of off-street parking, and is conveniently located near downtown Grand Rapids, major highways, and local parks—making it a smart and attractive investment.
Ask listing agent for financials.
Location
State MI
County Kent
Area Grand Rapids - G
Direction Division Avenue to Hall St (if coming from South) or Albany (if coming from north), to Ionia.
Rooms
Basement Michigan Basement
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplaces Number 1
Laundry Common Area
Exterior
Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Building
Sewer Public Sewer
Structure Type Vinyl Siding
New Construction No
Schools
School District Grand Rapids
Others
Tax ID 41-13-36-476-047
Acceptable Financing Cash, Conventional, Tax Def Exchange
Listing Terms Cash, Conventional, Tax Def Exchange
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Bought with Five Star Real Estate (M6)