Property Type:
Multi Family
Lot Size (sq. ft.):
52,200
Status:
Sold
Current Price:
$1,999,900
List Date:
10/08/2025
Last Modified:
1/26/2026
116 and146 Coleman Street SE, Grand Rapids, MI 49548
$1,825,000
Overview
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
Supplements:
Listing Details MLS# 25051684
Location Property Info
- County
- Kent
- Street #
- 116 and146
- Street Name
- Coleman
- Suffix
- Street
- Post Direction
- SE
- State
- MI
- Zip Code
- 49548
General Property Info
- 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
- Basement
- No
Tax Info
- 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
- Homestead %
- 0
Remarks Misc
- Directions
- East off 7400 Block of S. Division
Status Change Info
- Under Contract Date
- 2025-10-22
- Sold Date
- 2026-01-02
More Information
Access Feat
- Accessibility Features
- Yes
Income and Expenses
- Annual Insurance
- 5200
- Annual Mgmt. Fees
- 7700
- Annual Utilities
- 2900
- Gross Op. Inc.
- 180000
- Net Operating Income
- 73000
- Operating Expense
- 107000
Unit 1
- Unit Description
- 2bd, 1bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 880
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Range Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
Unit 2
- Unit Description
- 2bd, 1bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 1125
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
Unit 3
- Unit Description
- 1 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 1095
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
Unit 4
- Unit Description
- 2 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 1095
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
Unit 5
- Unit Description
- 2 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 900
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
Unit 6
- Unit Description
- 2 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 1095
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
Unit 7
- Unit Description
- 2 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- Monthly Rent
- 925
- Sep. Heat System
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Refrigerator
- Yes
- Range/Oven
- Yes
Unit 8
- Unit Description
- 2 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 1095
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
Unit 9
- Unit Description
- 1 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 995
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
Unit 10
- Unit Description
- 1 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 1021
- Bathrooms
- Yes
- Full Baths
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- A/C Unit
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refriderator
- Yes
- Sep. Heat System
- Yes
Unit 11
- Unit Description
- 2 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 995
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refriderator
- Yes
- Sep. Heat System
- Yes
Unit 12
- Unit Description
- 2 bd, 1 bth
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 900
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Carport
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garb Disp
- Yes
- Range/Oven
- Yes
- Refriderator
- Yes
- Sep. Heat System
- Yes
Location & Property Info
- Cross Streets
- Division and Coleman
- Property Sub-Type
- 5+ Units
- Area
- Grand Rapids - G
- Municipality
- Gaines Twp
- Ownership Type
- Private Owned
Office/Contract Info
- Auction or For Sale
- For Sale
Remarks & Misc
- Public Remarks
- 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
- Legal
- Lots 266, 267, 268, 269, 270, 271, 272, 273, 274, 275, 276 Fontanelle Gardens Sec 7T5N, R11W, Gaines Township
Lot Description
- Level
- Yes
Street Type
- Paved
- Yes
Util Avail at Street
- None
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Mineral Rights
- Unknown
- Yes
Laundry Features
- Laundry Room
- Yes
Exterior Material
- Brick
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Wall Unit(s)
- Yes
Accessibility Feat
- No Step Entrance
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Driveway
- Asphalt
- Yes
Substructure
- Slab
- Yes
Extras
- Carports
- Yes
- Laundry Facility
- Yes
- Sep Electric Meter
- Yes
- Sep Gas Meter
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
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
Documents
Unit Descriptions ›
Listing Office:
RE/MAX of Grand Rapids (Stndl)
Listing Agent:
Dwight J Berens
Last Updated: January - 26 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
