116 and146 Coleman Street SE, Grand Rapids, MI 49548
- $1,825,000
- Sold Price
- $1,825,000
- List Price
- $1,999,900
- Closing Date
- Jan 02, 2026
- Days on Market
- 14
- MLS#
- 25051684
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Grand Rapids - G
Property Description
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 description. All units are between 600 and 650 square feet of living space. See attached documents for descriptions of all 16 units. Check and compare, nothing like it in Western Michigan.
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Additional Information
- Owner Pays
- Sewer, Trash Collection, Water
- Taxes
- $13,800
- Accessibility Features
- Accessible Entrance
- Acres
- 1.20
- Basement
- Slab
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Kentwood
- Tenant Pays
- Electricity, Gas
- Total Parking Spaces
- 26
- Utilities
- Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Dwight J Berens from Listing Office: RE/MAX of Grand Rapids (Stndl).
Selling Agent: Selling Office: .
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