Investment Opportunity in Belknap Lookout! This triplex boasts an ideal location with easy access to the Medical Mile, GVSU, public transportation, and the expressway. The rental certification is valid through August 2025. Highlights of this property include a roof installed in 2014, recently updated furnaces, and separate utilities for each unit. Additional amenities include a coin-operated washer and dryer, a garage, and a prime location directly across from Coit Park. Unit A, currently owner-occupied, offers an excellent opportunity for potential buyers seeking a home with income potential. Unit B is leased at $900 per month until February 2025, and Unit C has a lease for $950 per month that extends through May 2024. Agent to withhold any offers until March 15th at 4:00 PM.
Sold
$392,000
736 Coit Ave NE, Grand Rapids, MI 49503
5beds
3baths
2,456sqft
2 to 4 Units
Built in 1900
-- sqft lot
$429,800 Zestimate®
$160/sqft
$2,070 Estimated rent
Home value
$429,800
$408,000 - $451,000
$2,070/mo
Zestimate® history
Owner options
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$2,070/mo
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$2,510/mo
Est. payment
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$2,510/mo
Est. payment
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Separate utilitiesPublic transportation
Zillow last checked:
Listing updated:
Listed by:
Darryl A Matthews Jr 616-881-9047,
Keller Williams GR East
Bought with:
Stephanie M Dodge
Bellabay Realty (Kentwood)
Source: MichRIC,MLS#: 24011517
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: In Basement
Features
- Basement: Michigan Basement,Walk-Out Access
Interior area
- Total interior livable area: 2,456 sqft
Property
Parking
- Total spaces: 3
Lot
- Size: 9,583 Square Feet
- Dimensions: 75 x 126
Details
- Parcel number: 411419326008
- Zoning description: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 2 to 4 Units
Materials
- Other
- Roof: Other
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
Community & HOA
Location
- Region: Grand Rapids
Financial & listing details
- Price per square foot: $160/sqft
- Tax assessed value: $120,750
- Annual tax amount: $3,220
- Date on market: 3/10/2024
- Listing terms: VA Loan,FHA,Cash,Conventional
- Tenant pays: Electricity, Gas
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 4/15/2024 | Sold | $392,000+5.9%$160/sqft |
Source:  MichRIC #24011517 Report a problem | ||
| 3/16/2024 | Pending sale | $370,000$151/sqft |
Source: MichRIC #24011517 Report a problem | ||
| 3/10/2024 | Listed for sale | $370,000+37%$151/sqft |
Source: MichRIC #24011517 Report a problem | ||
| 3/12/2020 | Sold | $270,000-10%$110/sqft |
Source: Public Record Report a problem | ||
| 1/15/2020 | Listed for sale | $300,000$122/sqft |
Source: Clarity Realty LLC #20001688 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,814 | $168,200 +5.7% |
| 2024 | -- | $159,100 +29.3% |
| 2021 | $2,850 | $123,000 +22.3% |
| 2020 | $2,850 +3.2% | $100,600 +11.3% |
| 2019 | $2,763 | $90,400 +14.4% |
| 2018 | -- | $79,000 +21.5% |
| 2017 | $2,708 | $65,000 +2.5% |
| 2016 | $2,708 | $63,400 |
| 2015 | $2,708 +5% | $63,400 +29.7% |
| 2013 | $2,580 | $48,900 -21% |
| 2011 | -- | $61,900 -7.2% |
| 2010 | -- | $66,700 -8.4% |
| 2009 | -- | $72,800 +10.6% |
| 2007 | -- | $65,800 +49% |
| 2006 | -- | $44,151 +3.7% |
| 2005 | -- | $42,576 +3.3% |
| 2004 | -- | $41,216 +6.2% |
| 2002 | -- | $38,803 +3.2% |
| 2001 | -- | $37,600 |
Find assessor info on the county website
Neighborhood: Belknap Lookout
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Nearby schools
GreatSchools rating
- 5/10Coit Creative Arts AcademyGrades: PK-5Distance: 0.2 mi
- 9/10City High Middle SchoolGrades: 7-12Distance: 1.2 mi
- 4/10Innovation Central High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$429,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$429,800
- Michigan
- Kent County
- Grand Rapids
- 49503
- Belknap Lookout
- 736 Coit Ave NE
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