146 Coleman Street SE new Save Request In-Person Tour Request Virtual Tour
Gaines Twp,MI 49548
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65025051741
Bedrooms 8
Year Built 1984
Annual Tax Amount $7,041
Lot Size 0.650 Acres
Acres 0.65
Lot Dimensions 235x120
Source Greater Regional Alliance of REALTORS®
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
Zoning Commercial
Direction East off 7400 block of S. Division
Interior
Interior Features Laundry Facility
Heating Forced Air
Cooling Wall Unit(s)
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 12.0
Roof Type Composition
Road Frontage Paved
Garage no
Private Pool No
Building
Foundation Slab
Sewer Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Kentwood
Others
Pets Allowed Yes
Tax ID 412207305053
Ownership Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional