Photos and Property Details for 541 Coit Avenue NE, Grand Rapids, MI 49503 (MLS# 26040736).
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$370,000
Grand Rapids, MI 49503
MLS# 26040736
1 / 56
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.
Details
Maps
Location & Property Info
Cross Streets: Trowbridge & Hastings
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: 103.9
General Property Info
New Construction: No
Lot Dimensions: 38 x 128
Road Frontage: 38
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3561
Total Parking Spaces: 26
School District: Grand Rapids
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 4879
Lot Acres: 0.11
Year Built: 1875
Tax Info
Taxable Value: 118416
SEV: 136800
For Tax Year: 2026
Seller's Annual Property Tax: 5954
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: N/A
Zoning: Res-Improved
Tax ID #: 41-14-19-355-005
Remarks & Misc
Public Remarks: 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.
Legal: S 38 FT OF E 128 FT OF LOT 3 BLK 4* DEXTER FRACTION
Street Type
Paved: 1
Public: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Assumable: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Exterior Material
Other: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Gravel: 1
Substructure
Full: 1
Michigan Basement: 1
Extras
Garages: 1
Owner Pays
None: 1
Unit 1
Unit Description: Upper
SqFt: 1139
Occupied: Yes
Monthly Rent: 1525
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Range Oven: 1
Refrigerator: 1
Unit 2
Unit Description: Lower
SqFt: 1211
Occupied: No
Monthly Rent: 1650
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 541
Street Name: Coit
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503
OfficeContract Info
Status: Active
Current Price: $370,000
List Price: $370,000
Listing Date: 2026-08-05
Remarks Misc
Directions: From Michigan, North to address
Property Features
Exterior Material: Other
Roofing: Composition
Substructure: Full; Michigan Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available; Public Sewer; Public Water
Extras: Garages
Owner Pays: None
Tenant Pays: Electric; Gas; Sewer; Trash; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Gravel
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Assumable; Cash; Conventional; FHA; VA Loan
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Range Oven; Refrigerator
Unit 2: Range/Oven; Refrigerator
Listing Office: Keller Williams Harbortown
Listing Agent: Christopher J Timmer
Last Updated: August - 07 - 2026
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