17
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$264,888
Est. payment /mo
0.32 Acres Lot
Active
143 Floral AVE Plainwell City, MI 49080
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 66026012929
Year Built 1980
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type MultiFamily
Property Description
Well-maintained duplex in the City of Plainwell offering strong, stable cash flow with long-term tenants in place through 2027. Unit 145 rents for $1,120/month and Unit 143 for $1,075/month, providing immediate, reliable income with room for future rent increases.Built in 1980, this newer construction property features two very spacious 2-bedroom, 1-bath units (approx. 1,056 sq ft each), making it highly desirable for tenants seeking comfortable, functional living space. Each unit includes in-unit laundry, separate utilities, and efficient layouts that support long-term tenancy.Situated on a corner lot with public water/sewer and natural gas, tenants cover all major utilities--keeping owner expenses low. Located within Plainwell Schools and close to downtown amenities, parks, and major roadways.This is a turnkey investment opportunity with strong in-place income, minimal management burden, and clear upside through strategic rent growth.
Location
State MI
County Allegan
Area Area86242Plainwell
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features Unpaved
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected
View Y/N No
Roof Type Composition
Building
Lot Description CornerLot, Level
Foundation CrawlSpace
Sewer Public Sewer, Sewer At Street
Water Public
New Construction No
Schools
School District Planiwell
Others
Acceptable Financing Cash, Conventional, FHA, VaLoan
Listing Terms Cash, Conventional, FHA, VaLoan
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Listed by Will Howson of Coldwell Banker Realty
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