$264,888
Plainwell, MI 49080
MLS# 26012929
1 / 17
Property Description
Well-maintained duplex in the City of Plainwell offering strong, stable cash flow with long-term tenants in place through 2027. Unit 145 rents for $1,120/month and Unit 143 for $1,075/month, providing immediate, reliable income with room for future rent increases. Built in 1980, this newer construction property features two very spacious 2-bedroom, 1-bath units (approx. 1,056 sq ft each), making it highly desirable for tenants seeking comfortable, functional living space. Each unit includes in-unit laundry, separate utilities, and efficient layouts that support long-term tenancy. Situated on a corner lot with public water/sewer and natural gas, tenants cover all major utilities--keeping owner expenses low. Located within Plainwell Schools and close to downtown amenities, parks, and major roadways. This is a turnkey investment opportunity with strong in-place income, minimal management burden, and clear upside through strategic rent growth.
Details
Location Property Info
County: Allegan
Street #: 143
Street Name: Floral
Suffix: Avenue
State: MI
Zip Code: 49080
Zip (4): 1418
OfficeContract Info
Status: Active
Current Price: $264,888
List Price: $264,888
Listing Date: 2026-04-01
General Property Info
Lot Measurement: Acres
Lot Square Footage: 13939
Lot Acres: 0.32
Lot Dimensions: 117*120
Year Built: 1980
New Construction: No
Cert of Compliance: No
Road Frontage: 117
Total # Units: 2
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Parking Spaces: 4
Waterfront: No
School District: Plainwell
Tax Info
Tax ID #: 55-300-003-00
Taxable Value: 93511
SEV: 103500
For Tax Year: 2023
Seller's Annual Property Tax: 6067
Tax Year: 2025
Spec Assessment & Ty: None Known
Zoning: RIC
Remarks Misc
Directions: From US-131 & M-89, head east on M-89, then north on Floral Ave to property on the corner.
Access Feat
Accessibility Features: No
Unit 1
Unit #: 145
Unit Description: Duplex
Identical Units: 1
SqFt: 1056
Occupied: Yes
Monthly Rent: 1120
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 143
Unit Description: Duplex
Identical Units: 1
SqFt: 1056
Occupied: Yes
Monthly Rent: 1075
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Crawl Space
Lot Description: Corner Lot; Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Unpaved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; W/D Hookup; Washer/Dryer
Unit 2: Range/Oven; Refrigerator; W/D Hookup; Washer/Dryer
Listing Office: Coldwell Banker Realty
Listing Agent: Will Howson
Last Updated: April - 01 - 2026
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