226 College Avenue
Grand Rapids, MI 49503

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Description

Welcome to 226 College Ave NE, a thoughtfully updated 4-unit property in the heart of Heritage Hill, ideally located near the intersection of College Ave and Lyon St--just a short walk to Martha's Vineyard and the Montessori schools across the street. Built in 1900 and offering 2,212 finished square feet, this home blends the charm of a historic Grand Rapids property--hardwood floors, a fireplace in Unit 1, and classic architectural details--with meaningful, recent updates. The building features two studios, a one-bedroom, and a loft-style two-bedroom, with Unit 1 updated in 2024 and the remaining units updated in 2021, plus freshly painted common areas completed this month. This is a truly turnkey opportunity with strong tenant history--all tenants pay on time with no late payments, including two long-term occupants and one lease secured through spring 2027. The property is fully leased with one unit becoming available May 1, offering flexibility for an owner-occupant or the

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Kent County
• Zip Code: 49503
• Year Built: 1900
• School District: Grand Rapids
• Units: 4 units
• Basement: Michigan Basement, Yes, Yes
• # of Parking Spaces: 5
• Lot Size: 7789 sq ft lot
• Construction Materials: Wood Siding
• Cross Street: Crescent NE
• Directions: Michigan St south on College Ave NE to home.
• Driveway: Paved, Concrete
• Extras: Garages
• Financial Available: No
• Heat Source: Natural Gas
• Heat Type: Baseboard
• Heating: Baseboard
• Laundry Features: In Basement
• Lot Description: Sidewalk
• Lot Features: Sidewalk
• Lot Size Area: 0.18
• Lot Size Square Feet: 7797
• Lot Size Units: Square Feet
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 4
• Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Ownership: Private Owned
• Parcel Number: 41-14-30-204-018
• Parking Features: Paved, Concrete
• Possession: Close Of Escrow, Subject To Tenant Rights
• Road Frontage: 50
• Road Surface Type: Paved
• Roof: Composition
• SEV: 268300
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDE4MDQ0IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTI2VDIzOjE2OjExLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.acytRop-TfPNIDfhciZWzqndUiPB3sx8NsCqAxLa_fE/badge
• Street Type: Paved, Public
• Tax Annual Amount: 12558
• Tax Legal Description: LOT 945* STEINMANN S ASSESSOR S PLAT NO 34* OF LOTS 28 TO 32, 35 TO 42 ALL INCLUSIVE & PART OF LOTS 20, 21, 33 & 34 OF COIT & CURTIS PARTITION PLAT
• Tax Year: 2025
• Terms Available: Cash, Conventional
• Total Approx Sq Ft All Bldgs: 2212
• Township: City of Grand Rapids
• Util Availat Street: Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Phone Available
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
• Water Access: No
• Water Source: Public Water
• Zoning Description: Res Imp