$379,900
Grand Rapids, MI 49503
MLS# 26011513
1 / 39
Property Description
Built in 1892, this all-brick two-unit building is ideally located just a couple of blocks north of Corewell Health on Michigan Ave. Both units feature 2 bedrooms, 1 full bathroom, and private laundry, with gas and electric split so tenants pay their own utilities while the owner covers water and sewer. Leases, disclosures, and operating income statements are attached to the listing. The property offers tons of curb appeal and character, and about 15 years ago it underwent extensive updates including new kitchens, windows, the back half of the roof, and a lower-level furnace, all of which remain in very nice condition. Additional features include a Michigan basement and an oversized one stall garage, currently used by the owner but with potential for additional rental income. With its unbeatable location, this is a must-see, and showings require at least 24 hours' notice for tenants.
Details
Maps
Location & Property Info
Cross Streets: Michigan Ave/Coit
Property Sub-Type: 2 to 4 Units
Municipality: City of Grand Rapids
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 188.82
General Property Info
New Construction: No
Lot Dimensions: 50x126
Financial Available: No
Road Frontage: 50
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-09-01
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2012
Total Parking Spaces: 3
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 6316
Lot Acres: 0.15
Year Built: 1882
Tax Info
Taxable Value: 60682
SEV: 143400
For Tax Year: 2025
Seller's Annual Property Tax: 3600
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: NA
Zoning: Res.Improved
Tax ID #: 41-14-19-326-025
Remarks & Misc
Public Remarks: Built in 1892, this all-brick two-unit building is ideally located just a couple of blocks north of Corewell Health on Michigan Ave. Both units feature 2 bedrooms, 1 full bathroom, and private laundry, with gas and electric split so tenants pay their own utilities while the owner covers water and sewer. Leases, disclosures, and operating income statements are attached to the listing. The property offers tons of curb appeal and character, and about 15 years ago it underwent extensive updates including new kitchens, windows, the back half of the roof, and a lower-level furnace, all of which remain in very nice condition. Additional features include a Michigan basement and an oversized one stall garage, currently used by the owner but with potential for additional rental income. With its unbeatable location, this is a must-see, and showings require at least 24 hours' notice for tenants.
Legal: LOT 20* MOHRHARD S SUBDIVISION* OF PART OF LOTS 59 & 60 COIT & CURTIS PARTITION PLAT
Waterfront Options
Water Access Y/N: No
Income and Expenses
Annual Insurance: 1300
Annual Maintenance: 5200
Annual Mgmt. Fees: 5275
Annual Utilities: 1555
Gross Op. Inc.: 11096
Net Operating Income: 28091
Street Type
Paved: 1
Public: 1
Util Avail at Street
None: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
In Unit: 1
Exterior Material
Brick: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Wall Furnace: 1
Air Conditioning
None: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
Gravel: 1
Substructure
Michigan Basement: 1
Extras
Garages: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Main floor unit
SqFt: 1042
Occupied: Yes
Monthly Rent: 1245
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit #: 2
Unit Description: Upstairs unit
SqFt: 970
Occupied: Yes
Monthly Rent: 1295
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 737
Street Name: Clancy
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 1536
OfficeContract Info
Status: Active
Current Price: $379,900
List Price: $379,900
Listing Date: 2026-03-24
Remarks Misc
Directions: Michigan Ave. to North on Lafayette, West on Bradford, North on Clancy
Property Features
Laundry Features: In Unit
Exterior Material: Brick
Substructure: Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: None
Extras: Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air; Wall Furnace
Air Conditioning: None
Driveway: Gravel
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Listing Office: Apex Realty Group
Listing Agent: David P Kooistra
Last Updated: March - 24 - 2026
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