719 Crawford Street, Belding, MI 48809 (MLS# 25015204)

719 Crawford Street, Belding, MI 48809

$2,500,000
Property Type: Multi Family Lot Size (sq. ft.): 146,362 Status: Pending
Current Price: $2,500,000 List Date: 4/14/2025 Last Modified: 4/25/2025

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,

Supplements: 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!

More Information MLS# 25015204

Location Property Info

County: Ionia Street #: 719 Street Name: Crawford Suffix: Street State: MI Zip Code: 48809 Zip (4): 1215 Area: Grand Rapids - G

OfficeContract Info

Status: Pending Current Price: $2,500,000 List Price: $2,500,000 Listing Date: 2025-04-14

General Property Info

Lot Measurement: Acres Lot Square Footage: 146362 Lot Acres: 3.36 Lot Dimensions: 514 x 302 Year Built: 1998 New Construction: No Cert of Compliance: Yes Road Frontage: 514 Total # Units: 18 # of Diff Unit Floor Plans: 1 Total # Bldgs: 9 Total Parking Spaces: 18 Waterfront: No School District: Belding Middle School: Belding Middle School High School: Belding High School

Tax Info

Tax ID #: 401-040-000-015-00 Taxable Value: 721806 SEV: 956200 For Tax Year: 2024 Annual Property Tax: 44158.15 Tax Year: 2024 Spec Assessment & Ty: None known Zoning: R-3

Remarks Misc

Directions: North from Belding road Bridge Street,right on Vincent to North on Crawford.

Status Change Info

Under Contract Date: 2025-04-24

Access Feat

Accessibility Features: No

Unit 1

Unit Description: Duplex Identical Units: 9 SqFt: 1848 Occupied: Yes Monthly Rent: 955 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Property Features

Exterior Material: Vinyl Siding Substructure: Daylight; Full Lot Description: Cul-De-Sac Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water Owner Pays: Sewer; Water Tenant Pays: Electric; Gas; Sewer; Trash; Water Heat Source: Natural Gas Heat Type: Forced Air Terms Available: Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None
Listing Office: Greenridge Realty (Lowell)
Listing Agent: Joshua McCracken
Last Updated: April - 25 - 2025
719 Crawford Street, Belding, MI 48809- MLS# 25015204
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