About 541 Coit Avenue
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.
Features of 541 Coit Avenue
| MLS® # | 26040736 |
|---|---|
| Price | $355,000 |
| Bathrooms | 2.00 |
| Acres | 0.11 |
| Year Built | 1875 |
| Type | Multi Family |
| Sub-Type | 2 to 4 Units |
| Status | Active |
Community Information
| Address | 541 Coit Avenue |
|---|---|
| City | Grand Rapids |
| County | Kent |
| State | MI |
| Zip Code | 49503 |
Amenities
| Parking | Driveway, Gravel |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
Exterior
| Roof | Composition |
|---|
School Information
| District | Grand Rapids |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Christopher Timmer |
|---|---|
| Office | Keller Williams Harbortown |