541 Coit AVE NE, City Of Grand Rapids, MI 49503
$355,000
Est. payment /mo
3,561 SqFt
Sold on 09/28/2026

541 Coit AVE NE City Of Grand Rapids, MI 49503

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Ranae Hendricks
Ranae Hendricks

+1(810) 877-5009

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Sold

Purchase Type For Sale

Square Footage 3,561 sqft

Price per Sqft $90

MLS Listing ID 65026040736

Sold Date 09/28/26

Year Built 1875

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type MultiFamily

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

Area Area41142Grandrapids

Rooms

Basement Full

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Parking Features Garage, Gravel

Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected

View Y/N No

Roof Type Composition

Building

Foundation MichiganBasement

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Assumable, Cash, Conventional, FHA, VaLoan

Listing Terms Assumable, Cash, Conventional, FHA, VaLoan

Special Listing Condition Standard

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Christopher J Timmer of Keller Williams Harbortown
Bought with Keller Williams Harbortown

NEARBY SCHOOL & BUSINESS

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Ranae Hendricks

Ranae Hendricks

License ID: 6501429386

+1(810) 877-5009

Name
Phone*
Message

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541 Coit AVE NE