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$999,950

Est. payment - /mo

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0.65 Acres Lot

Pending

146 Coleman SE Street Grand Rapids, MI 49548

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Chris Buckely

chrisb@cby3d.com +1(312) 313-5553

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Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Pending

Purchase Type For Sale

Municipality Gaines Twp

MLS Listing ID 25051741

Year Built 1984

Annual Tax Amount $7,041

Tax Year 2025

Lot Size 0.647 Acres

Acres 0.65

Lot Dimensions 235x120

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

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 Grand Rapids - G

Direction East off 7400 block of S. Division

Rooms

Basement Slab

Interior

Heating Forced Air

Cooling Wall Unit(s)

Laundry Laundry Room

Exterior

Parking Features Asphalt, Driveway, Paved

Utilities Available Phone Connected, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 12

Building

Lot Description Level

Structure Type Brick

New Construction No

Schools

School District Kentwood

Others

Tax ID 41-22-07-305-053

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by RE/MAX of Grand Rapids (Stndl)

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Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

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146 Coleman SE Street Grand Rapids, MI 49548

Chris Buckely

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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146 Coleman SE Street