37
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$2,500,000
Est. payment /mo
3.36 Acres Lot
Sold on 07/11/2025
719 Crawford ST MI 48809
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65025015204
Sold Date 07/11/25
Year Built 1998
Lot Size 3.360 Acres
Acres 3.36
Property Sub-Type MultiFamily
Property 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,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!
Location
State MI
County Ionia
Area Area34012Belding
Rooms
Basement Daylight, Full
Interior
Heating ForcedAir, NaturalGas
Fireplace No
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected
View Y/N No
Building
Lot Description CulDeSac
Sewer PublicSewer, SewerAtStreet
Water Public
New Construction No
Schools
High Schools Belding
School District Belding
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Joshua M McCracken of Greenridge Realty (Lowell)
Bought with Five Star Real Estate (Rock)
Bought with Five Star Real Estate (Rock)
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