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116 Coleman Street SE Grand Rapids, MI $ 999,950
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$ 999,950 Get more info
116 Coleman Street SE
$ 999,950
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Share Save

116 Coleman Street SE

Grand Rapids, MI, 49548
$ 999,950
Baths0.0

Monthly Estimate*

$ 6,238

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $999,950. This home was built in 1984 on a lot size of 0.58.

Great opportunity for medium size investor or investment group, this solid brick building includes seven 2-bedroom units and one 1-bedroom unit, coin operated laundry, and two furnace rooms. Tenant pays their own heating/cooling and electrical; landlord pays for gas/electric in the common areas. There is an 8-car carport plus open air parking for 8 more vehicles. We also have listed an 8-unit building to the east (146 Coleman), which is also available for $999,950. This is a one owner building purchased 40 years ago and has been a great investment. Low taxes, low regulation Gaines Township is also a bonus. Call L.S. Dwight Berens only for more information. All offers due Fri 10/17 5:00 pm

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Multi-Family Pending

Price

$ 999,950

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 6,800

Style

5+ Units

Lot Size

0.58

Year Built

1984

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

25051710
Features
General
Heating Forced Air
Cooling Wall Unit(s)
Utilities Phone Connected Natural Gas Connected Electricity Connected Cable Connected
Possession Close Of Escrow
Roof Composition
Construction Materials Brick
Exclusions Laundry appliances are rented from Gerrits Appliance
Year Built 1984
Tenant Pays Electric Gas
Township Gaines Twp
Property Subtype 5+ Units
Tax Year 2025
Ownership Private Owned
Gross Income 90000.0
Accessibility No Step Entrance
County Kent
Net Operating Income 37000.0
Operating Expense 53500.0
Insurance Expense 2000.0
New Construction N
Property Type Multi Family
Attached Garage N
Status Pending
Directions East off 7400 block of S Division
City Grand Rapids
High School District Kentwood
Zoning Description 201 Commercial
Number Of Units Total 8
MLS Area Grand Rapids - G
Lot Size Units Acres
Lot Size Square Feet 25200.0
Listing Terms Cash Conventional
Land Lease Y/N N
Tax Annual Amount 6800.0
Lease Renewal Y/N N
MLS Area Minor Grand Rapids - G
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Pending
Tax Assessed Value 147639
Legal Description LOTS 266 TO 270 INCL ALSO W 10 FT OF LOT 271 * FONTENELLE GARDENS
Senior Community None
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Interior
Basement Slab
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Laundry Room
Total Baths 0
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Exterior
Parking Features Asphalt Driveway
Lot Features Level
Total Parking 12.0
Lot Size Area 0.58
Number of Buildings 1
Spa N
Lot Dimensions 210x120x210x120
Lot Size Acres 0.58
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Re/Max Of Grand Rapids (Stndl)

Broker

dberenshomes@gmail.com

Email

Affordability Calculator

$6,805
Per Month
92%
8%
0%
Monthly Principal & Interest
$6,238
Monthly Property Taxes
$567
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
248889 Elementary School
248623 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/8/2025$999,950 Listed Price

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116 Coleman Street SE, Grand Rapids, MI, 49548 is a Multi-Family Home for sale at $999,950 with a lot size of 0.58. 116 Coleman Street SE is a studio with 0.0 baths and was built in 1984. The property's zip code is 49548 which is in Grand Rapids, MI

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