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$999,950
Est. payment /mo
5,900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,900 sqft
Price per Sqft $169
Subdivision Mi
MLS Listing ID 70498392
Year Built 1984
Annual Tax Amount $7,041
Tax Year 2025
Lot Size 0.650 Acres
Acres 0.65
Lot Dimensions 235x120
Property Sub-Type Multi-Family
Property Description
Great investment for a medium investor or small investment group, this building at 146 Coleman includes four 1-bedroom units and four 2-bedroom units, all approximately 650 square feet of living space, plus an 8-car carport and open air parking for 10 more. This can also be combined with 116 Coleman St, which is to the west for a total of $1,999,950. Very quiet neighborhood in low taxes and low regulation area Gaines Township, and convenient to US 131. Many long term tenants who are paying rents that are substantially below market. Units average about $1,000 per month but potentially could be increased 10-20% with more aggressive property management. Tenants pay their own heat and electric. This is a one-owner build owned for 40 years by a bunch of 70 year olds who want to just sit in the sun.
Location
State MI
County Kent
Area Gaines Twp (41010)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Exterior Feature Brick
Parking Features Carport
Amenities Available Laundry Facility
Building
Foundation Slab
Structure Type Brick
Schools
School District Kentwood Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by RE/MAX of Grand Rapids (Stndl)
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