$ 1,999,900
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$1,999,900
Price -
0
Bed - Bath
-
0
SqFt
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About the Listing 73425 - 514731
This is a rare opportunity for the smaller investor or investment group to own a solid 16-unit (2 building) apartment complex in desirable Gaines Township (lower millage rates than Kentwood or Wyoming). Units include five-1 bedroom units and eleven 2-bedroom units, a laundry room in each building, plus two 8-car carports and 12 more open air parking spaces. This is a one owner (seller bought from builder in 1985) - seller have enjoyed this investment for 40 years but ready to turn it over to younger buyers and then go sit in the sun. Rent has been kept below market for many long-term tenants. All units have separate heat and electric, owner pays for gas and electric in laundry room. Units are in a variety of updated conditions; some units have been recently updated while a few could use freshing up. Convenient to US 131 via 76th St. Seller will sell as a package, or is also willing to split the buildings into two properties (each building has its own parcel number and legal
Listing Highlights for 116 And146 Coleman
Status
Pending
Days on Site
26
Property Type
Multi-Family
MLS ®
70498334
Year Built
1984
Total Square Footage
0
Lot/Acreage
1.2
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 435x120x435x120
- Zoning: Commercial
- Roof:
- Others:
- Sewer:
- Parking Features: Carport
Financial Details
- Tax Amount: $13,800
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
116 And146 Coleman Grand Rapids, MI 49548
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