146 Coleman SE Street, Gaines Charter Township, MI 49548
Share Listing
Listing Type
Multi Family
Listing Status
pending
25
$999,950
Home Details for 146 Coleman SE Street
Price
$999,950
Type
Residential Income
Bedrooms
10
Bathrooms
Square feet
NaN
Year built
1984
Lot size acres
0.65
County
Kent
Garage
Days on site
56
MLS Listing#
65025051741
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.
Property Features
Utilities
Electricity Connected
Natural Gas Connected
Phone Connected
Parking
Asphalt
Paved
Carport
Heating Information
Forced Air
Natural Gas
Cooling Information
Wall Unit(s)
Water Features
Public
Listing Courtesy: RE/MAX of Grand Rapids (Stndl) - 616-791-0110