$349,900
Grand Rapids, MI 49503
MLS# 26011513
1 / 39
Property Description
Built in 1892, this all-brick two-unit building is ideally located just a couple of blocks north of Corewell Health on Michigan Ave. Both units feature 2 bedrooms, 1 full bathroom, and private laundry, with gas and electric split so tenants pay their own utilities while the owner covers water and sewer. Leases, disclosures, and operating income statements are attached to the listing. The property offers tons of curb appeal and character, and about 15 years ago it underwent extensive updates including new kitchens, windows, the back half of the roof, and a lower-level furnace, all of which remain in very nice condition. Additional features include a Michigan basement and an oversized one stall garage, currently used by the owner but with potential for additional rental income. With its unbeatable location, this is a must-see, and showings require at least 24 hours' notice for tenants.
Details
Location Property Info
County: Kent
Street #: 737
Street Name: Clancy
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 1536
OfficeContract Info
Status: Active
Current Price: $349,900
List Price: $349,900
Listing Date: 2026-03-21
General Property Info
Lot Measurement: Acres
Lot Square Footage: 6316
Lot Acres: 0.15
Lot Dimensions: 50x126
Year Built: 1882
New Construction: No
Financial Available: No
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-09-01
Road Frontage: 50
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2012
Total Parking Spaces: 3
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-14-19-326-025
Taxable Value: 60682
SEV: 143400
For Tax Year: 2025
Seller's Annual Property Tax: 3600
Tax Year: 2025
Spec Assessment & Ty: NA
Zoning: Res.Improved
Remarks Misc
Directions: Michigan Ave. to North on Lafayette, West on Bradford, North on Clancy
Waterfront Options
Water Access Y/N: No
Access Feat
Accessibility Features: No
Income and Expenses
Annual Insurance: 1300
Annual Maintenance: 5200
Annual Mgmt. Fees: 5275
Annual Utilities: 1555
Gross Op. Inc.: 11096
Net Operating Income: 28091
Unit 1
Unit #: 1
Unit Description: Main floor unit
SqFt: 1042
Occupied: Yes
Monthly Rent: 1245
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: Upstairs unit
SqFt: 970
Occupied: Yes
Monthly Rent: 1295
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Laundry Features: In Unit
Exterior Material: Brick
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: None
Extras: Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air; Wall Furnace
Air Conditioning: None
Driveway: Gravel
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Listing Office: Apex Realty Group
Listing Agent: David Kooistra
Last Updated: March - 25 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.