County: Kent
Street #: 116 and146
Street Name: Coleman
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49548
Area: Grand Rapids - G
Status: Pending
Current Price: $1,999,900
List Price: $1,999,900
Listing Date: 2025-10-08
Lot Measurement: Acres
Lot Square Footage: 52200
Lot Acres: 1.2
Lot Dimensions: 435x120x435x120
Year Built: 1984
New Construction: No
Cert of Compliance: No
Road Frontage: 435
Total # Units: 16
# of Diff Unit Floor Plans: 2
Total # Bldgs: 2
Total Parking Spaces: 26
Waterfront: No
School District: Kentwood
Tax ID #: 412207305052 and 053
Taxable Value: 301037
SEV: 459000
For Tax Year: 2025
Seller's Annual Property Tax: 13800
Tax Year: 2024
Spec Assessment & Ty: NOR
Zoning: 201 Commercial
Directions: East off 7400 Block of S. Division
Under Contract Date: 2025-10-22
Accessibility Features: Yes
Annual Insurance: 5200
Annual Mgmt. Fees: 7700
Annual Utilities: 2900
Gross Op. Inc.: 180000
Net Operating Income: 73000
Operating Expense: 107000
Unit Description: 2bd, 1bth
SqFt: 650
Occupied: Yes
Monthly Rent: 880
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: 2bd, 1bth
SqFt: 650
Occupied: Yes
Monthly Rent: 1125
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: 1 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit Description: 2 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: 2 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: 2 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: 2 bd, 1 bth
SqFt: 650
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Monthly Rent: 925
Unit Description: 2 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 1095
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: 1 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 995
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit Description: 1 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 1021
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit Description: 2 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 995
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit Description: 2 bd, 1 bth
SqFt: 650
Occupied: Yes
Monthly Rent: 900
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Laundry Features: Laundry Room
Accessibility Feat: No Step Entrance
Exterior Material: Brick
Roofing: Composition
Substructure: Slab
Lot Description: Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: None
Extras: Carports; Laundry Facility; Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Wall Unit(s)
Driveway: Asphalt
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: A/C Unit; Carport; Deck/Patio; Dishwasher; Range Oven; Refrigerator; Sep. Heat System
Unit 2: A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System
Unit 3: Range/Oven; A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Sep. Heat System
Unit 4: A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System
Unit 5: A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System
Unit 6: A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System
Unit 7: Sep. Heat System; Carport; Deck/Patio; Dishwasher; Garb Disp; Refrigerator; Range/Oven
Unit 8: A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System
Unit 9: A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refrigerator; Sep. Heat System
Unit 10: Carport; Deck/Patio; A/C Unit; Dishwasher; Garb Disp; Range/Oven; Refriderator; Sep. Heat System
Unit 11: A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refriderator; Sep. Heat System
Unit 12: A/C Unit; Carport; Deck/Patio; Dishwasher; Garb Disp; Range/Oven; Refriderator; Sep. Heat System