541 Coit NE Avenue, Grand Rapids, MI 49503
541 Coit NE Avenue, Grand Rapids, MI 49503
541 Coit NE Avenue, Grand Rapids, MI 49503
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$370,000
Est. payment /mo
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2 Baths
4,879 Sqft Lot
New

541 Coit NE Avenue Grand Rapids, MI 49503

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Sylvia Dana

Sylvia Dana

+1(616) 570-8864

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Grand Rapids

MLS Listing ID 26040736

Year Built 1875

Annual Tax Amount $5,954

Tax Year 2026

Lot Size 4,879 Sqft

Acres 0.11

Lot Dimensions 38 x 128

Property Sub-Type 2 to 4 Units

Source Michigan Regional Information Center (MichRIC)

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.

Location

State MI

County Kent

Direction From Michigan, North to address

Rooms

Basement Full, Michigan Basement

Interior

Heating Forced Air

Exterior

Parking Features Driveway, Gravel

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

View Y/N No

Roof Type Composition

Street Surface Paved

Total Parking Spaces 26

Building

Sewer Public Sewer

Structure Type Other

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-19-355-005

Acceptable Financing VA Loan, FHA, Cash, Assumable, Conventional

Listing Terms VA Loan, FHA, Cash, Assumable, Conventional

Listed by Keller Williams Harbortown

NEARBY SCHOOL & BUSINESS

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Sylvia Dana

Sylvia Dana

Agent | License ID: 6501400118

+1(616) 570-8864

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541 Coit NE Avenue