MI
Kent
Gaines Charter Township
49548
146 Coleman SE Street
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
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Michigan Regional Information Center.
EXIT REALTY GROUP
489 W Nepessing Street, Lapeer, MI 48446
Office
810 245 2600
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