541 Coit Avenue NE, Grand Rapids, MI 49503
- $370,000
- 2
- BA
- List Price
- $370,000
- Days on Market
- 10
- MLS#
- 26040736
- Status
- ACTIVE
- Type
- Multifamily
- Bathrooms
- 2
Property Description
Lender has confirmed the FHA mortgage is assumable with an approved buyer. The current loan is at 2.75% with a balance of $199,000 as of 8/6/26. All this makes this property an incredible investment or house-hacking opportunity in Grand Rapids, positioned just minutes from vibrant downtown and the Medical Mile. The vacant lower unit is completely refreshed and move-in ready, offering maximum flexibility for an owner-occupant or an investor aiming to set top market rent. Step inside to discover a spacious, beautifully updated layout featuring a stylish kitchen, a large living room designed for relaxation, two comfortable bedrooms, and a full bathroom. The upper unit is occupied, providing immediate rental income from day one to jumpstart your investment journey with three bedrooms and a full bath. Complete with a detached two-stall garage, this versatile property blends turn-key convenience, cash-flow potential, and a location close to city dining, shopping, and major healthcare hubs.
Additional Information
- Owner Pays
- None
- Taxes
- $5,954
- Acres
- 0.11
- Basement
- Full, Michigan Basement
- Heating
- Forced Air
- Roofing
- Composition
- School District
- Grand Rapids
- Sewer
- Public Sewer
- Tenant Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Total Parking Spaces
- 26
- Utilities
- Natural Gas Connected, Electricity Connected, Electricity Available, Natural Gas Available
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Christopher J Timmer from Listing Office: Keller Williams Harbortown.
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