$1,400,000
Lowell, MI 49331
MLS# 25031343
Status: Sold
1 / 54
Property Description
Now offering this 12-unit multi family investment property with great long term tenants and stable financials. Great location in Lowell and close to everything that tenants need, with easy access to GR, the airport and more. The property consists of three buildings on two parcels, across the street from each other. Mostly updated units, plenty of off street parking. Full details and expenses available to qualified buyers.
Details
Maps
Documents
Location Property Info
County: Kent
Street #: 168
Street Name: Valley Vista
Suffix: Drive
Post Direction: SE
State: MI
Zip Code: 49331
Zip (4): 1534
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $1,400,000
List Price: $1,500,000
Listing Date: 2025-06-27
General Property Info
Lot Measurement: Acres
Lot Square Footage: 40075
Lot Acres: 0.92
Lot Dimensions: 151x105x160x150
Year Built: 1966
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Road Frontage: 265
Total # Units: 12
# of Diff Unit Floor Plans: 3
Total # Bldgs: 3
Total Parking Spaces: 12
Waterfront: No
School District: Lowell
Tax Info
Tax ID #: 41-20-03-432-006
Taxable Value: 266700
SEV: 303600
For Tax Year: 2024
Seller's Annual Property Tax: 16847.22
Tax Year: 2024
Spec Assessment & Ty: none known
Zoning: COMM-IMP
Remarks Misc
Directions: From downtown Lowell, head west on Main to Valley Vista, north on Valley Vista. Parcels are at the northwest corner of Deborah and Valley Vista, and the parcel for 171 is across the street on the east side of Valley Vista
Status Change Info
Under Contract Date: 2025-10-11
Sold Date: 2025-12-02
Sold Price: $1,400,000
Access Feat
Accessibility Features: No
Unit 1
Unit Description: A 165
Identical Units: 1
SqFt: 700
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: B 165
Identical Units: 1
SqFt: 700
Occupied: Yes
Monthly Rent: 1185
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: C 165
Identical Units: 1
SqFt: 700
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: D 165
SqFt: 700
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: A 168
SqFt: 700
Occupied: Yes
Monthly Rent: 1235
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: B 168
SqFt: 700
Occupied: Yes
Monthly Rent: 1195
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 7
Unit Description: C 168
SqFt: 700
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Monthly Rent: 1250
Unit 8
Unit Description: D 168
SqFt: 700
Occupied: No
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 9
Unit Description: A 171
SqFt: 700
Occupied: Yes
Monthly Rent: 1195
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 10
Unit Description: B 171
SqFt: 700
Occupied: Yes
Monthly Rent: 1175
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 11
Unit Description: C 171
SqFt: 700
Occupied: Yes
Monthly Rent: 1175
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 12
Unit Description: D 171
SqFt: 700
Occupied: No
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Brick; Other
Substructure: Other
Lot Description: Corner Lot; Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Extras: Carports; Tenant Storage
Owner Pays: Gas; Trash Collection
Tenant Pays: Electric; Sewer; Water
Heat Source: Natural Gas
Heat Type: Hot Water
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Other
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: W/D Hookup
Unit 2: W/D Hookup
Unit 3: W/D Hookup
Finanical Summary Listing Office: EXP Realty (Grand Rapids)
Listing Agent: Ryan Ogle
Last Updated: December - 02 - 2025
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.
