146 Coleman ST SE Pending Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49548
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
Square Footage 5,900 sqft
Price per Sqft $169
MLS Listing ID 65025051741
Year Built 1984
Property Sub-Type MultiFamily
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. Offers due Fri 10/17 at 5:00 pm.
Location
State MI
County Kent
Area Area41221Gainestwp
Interior
Heating ForcedAir, NaturalGas
Cooling WallUnits
Laundry CommonArea, LaundryRoom
Exterior
Parking Features Asphalt,Paved,Carport
Utilities Available ElectricityConnected, NaturalGasConnected, PhoneConnected
View Y/N No
Roof Type Composition
Building
Lot Description Level
Foundation Slab
Sewer PublicSewer
Water Public
Schools
School District Kentwood
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard