531 Coit Avenue NE Grand Rapids, MI ^$ 485,000

531 Coit Avenue NE

^$ 485,000

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531 Coit Avenue NE

Grand Rapids, MI, 49503

^$ 485,000

Studio Baths0.0

Monthly Estimate*

^$ 3,223

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Studio

Multi-Family Home for sale in Grand Rapids, MI

for $485,000. This home was built in 1900 on a lot size of 0.23.

Great opportunity to own an amazing 5-unit in the Belknap Lookout neighborhood steps away from the Medical Mile and Downtown Grand Rapids. Includes large 4 stall garage. There is one 3 bed/1 bath, two 1 bed/1 bath, and two studios. All in really good condition. Split electric. Updated mechanicals. Rents are low.

Multi-Family Pending

Price

^$ 485,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 4,058

Style

5+ Units

Lot Size

0.23

Year Built

1900

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

24024712

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Cooling Window Unit(s)

Utilities Phone Available Natural Gas Connected

Possession Subject To Tenant Rights

Roof Composition

Construction Materials Wood Siding

Year Built 1900

Tenant Pays Electric

Township City of Grand Rapids

Property SubType 5+ Units

Tax Year 2024

County Kent

New Construction N

Property Type Multi-Family

Status Pending

Directions 96 to College Hastings to Coit N to home.

City Grand Rapids

High School District Grand Rapids

Zoning Description Multifamily

NumberOfUnitsTotal 5

MLS Area Grand Rapids - G

Lot Size Units Acres

Lot Size Square Feet 10019.0

Waterfront Y/N N

Street Name Coit

Land Lease Y/N N

Tax Annual Amount 4058.0

Lease Renewal Y/N N

MLS Area Minor Grand Rapids - G

Additional Parcels Y/N N

Rent Control Y/N N

Days on Market 5

Standard Status Pending

Occupancy Type Tenant

Tax Assessed Value 81866

Legal Description LOT 7 BLK 4* DEXTER FRACTION

Senior Community None

Interior

Basement Michigan Basement

Total Fireplaces 1

Basement (Y/N) Y

Air Conditioning Y/N Y

Heating Y/N Y

Street Suffix Avenue

Electric On Property Y/N N

Total Baths 0

Exterior

Total Parking 6.0

Lot Size Area 0.23

Number of Buildings 1

Spa N

Lot Dimensions 50x199

Lot Size Acres 0.23

Road Surface Type Paved

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 531

* Excluded Features

List By

Compass Realty Services

Broker

akoetsier@compass101.com

Affordability Calculator

$3,562

Per Month

Monthly Principal & Interest: $3,223
Monthly Property Taxes: $338
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Grand Rapids, MI

Average List Price ^$355,284

Percent of Sale Price 27%

About Grand Rapids, MI

199,553 Population

1% Since 2002

^$43,558 Median Income

34 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

250213 Elementary School

249218 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/17/2024	$485,000		Listed Price

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531 Coit Avenue NE, Grand Rapids, MI, 49503 is a Multi-Family Home for sale at $485,000 with a lot size of 0.23. 531 Coit Avenue NE is a studio with 0.0 baths and was built in 1900. The property's zip code is 49503 which is in Grand Rapids, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of MichRIC, LLC

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MichRIC, LLC. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is 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.

Information Deemed Reliable But Not Guaranteed

Data is updated as of 6/2/2024.

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531 Coit Avenue NE

Multi-Family Home for sale in Grand Rapids, MI

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