$334,000
Grand Rapids, MI 49548
MLS# 26045872
1 / 39
Property Description
Rare Grand Rapids duplex where one side is already renovated and ready to rent, and the other is already paying you. Unit 47 just got a full refresh: new kitchen, new flooring throughout, fresh paint, and a finished basement with new carpet, with appliances being added before closing. Next door, Unit 49 has a long-term, month-to-month tenant already in place, so income starts the moment you close, with room to grow over time. The big ticket upgrades are already done for you: a brand new roof, two new water heaters, fresh landscaping, and a resealed driveway. Each unit is separately metered for gas and electric, and the owner covers water on the shared meter, keeping this simple to manage. Tucked into Grand Rapids' south side near Kentwood and Wyoming, minutes from downtown, a rare pairing of renovation and income in one property.
Details
Location & Property Info
Cross Streets: Division
Property Sub-Type: 2 to 4 Units
Municipality: Gaines Twp
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 80x120
Road Frontage: 80
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total Parking Spaces: 2
School District: Kentwood
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 9496
Lot Acres: 0.22
Year Built: 1996
Tax Info
Taxable Value: 72509
SEV: 123000
For Tax Year: 2025
Seller's Annual Property Tax: 3447.88
Tax Year: 2026
Homestead %: 0
Spec Assessment & Ty: none known
Tax ID #: 41-22-07-304-044
Remarks & Misc
Public Remarks: Rare Grand Rapids duplex where one side is already renovated and ready to rent, and the other is already paying you. Unit 47 just got a full refresh: new kitchen, new flooring throughout, fresh paint, and a finished basement with new carpet, with appliances being added before closing. Next door, Unit 49 has a long-term, month-to-month tenant already in place, so income starts the moment you close, with room to grow over time. The big ticket upgrades are already done for you: a brand new roof, two new water heaters, fresh landscaping, and a resealed driveway. Each unit is separately metered for gas and electric, and the owner covers water on the shared meter, keeping this simple to manage. Tucked into Grand Rapids' south side near Kentwood and Wyoming, minutes from downtown, a rare pairing of renovation and income in one property.
Legal: LOTS 296 & 297 * FONTENELLE GARDENS
Lot Description
Level: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Utilities Attached
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Laundry Features
In Basement: 1
Lower Level: 1
Exterior Material
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Paved: 1
Substructure
Full: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit Description: 47
Monthly Rent: 0
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
W/D Hookup: 1
Unit 2
Unit Description: 49
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
W/D Hookup: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 47-49
Street Name: Coleman
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49548
Zip (4): 7764
OfficeContract Info
Status: Active
Current Price: $334,000
List Price: $334,000
Listing Date: 2026-08-28
Property Features
Laundry Features: In Basement; Lower Level
Exterior Material: Vinyl Siding
Substructure: Full
Lot Description: Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: None
Driveway: Paved
Street Type: Paved; Public
Terms Available: Cash; Conventional
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator; W/D Hookup
Unit 2: W/D Hookup
Listing Office: EXP Realty (Grand Rapids)
Listing Agent: Mark A VanderWal
Last Updated: August - 28 - 2026
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