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!
Property Type
MultifamilyCounty
IoniaStyle
MultifamilyAD ID
49349796
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Property Details
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Interior Features
Interior Features
- Basement Description: Daylight
Heating & Cooling
- Heating: Forced Air
- Heating Fuel: Natural Gas
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Exterior Features
Building Information
- Year Built: 1998
- Total Units: 18
Utility Features
- Sewer: Public Sewer (Sewer-Sanitary),Sewer at Street
Water
- Public (Municipal)
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Property / Lot Details
Lot Information
- Lot Size: 3.36
- Dimensions: 514 x 302
Property Information
- Financing: Cash,Conventional
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Listing Information
Listing Price Information
- Original List Price: $2,500,000
Listing Information
- Possession: Subject To Tenant Rights
- Legal Description: CITY OF BELDING - E 1/2 OF PT OF E 1/2 OF SW 1/4 OF SEC 2, T8N R8W BORDERED ON THE N & E BY NORTH PARK ADDN, ON THE S BY VINCENT ADDN AND ON THE W BY N BRIDGE ST.
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Taxes / Assessments
Tax Information
- Annual Tax: $44,158
- Parcel Number: 40104000001500
Possession
- Subject To Tenant Rights
Legal Information
- Legal Description: Section: CITY OF BELDING - E 1/2 OF PT OF E 1/2 OF SW 1/4 OF SEC 2, T8N R8W BORDERED ON THE N & E BY NORTH PARK ADDN, ON THE S BY VINCENT ADDN AND ON THE W BY N BRIDGE ST.
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Unit 2 Information
- # of Bedrooms: 1
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School, Utilities & Location Details
Utility Information
- Water:Public (Municipal)
- Sewer:Public Sewer (Sewer-Sanitary),Sewer at Street
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BuyOwner last updated this listing 04/22/2025 @ 05:46
- MLS: 625268655
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: Realcomp II Ltd
is a Multifamily, with 2 bedrooms which is for sale, it has 0 sqft, 3 sized lot, and 0 parking. are nearby neighborhoods.