143 Floral Avenue
Plainwell, MI 49080

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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.

Features

• Property Type: Multi Family Home
• Sub Type: 2 to 4 Units
• Listing Status: Active
• County/Area: Allegan County
• Zip Code: 49080
• Year Built: 1980
• School District: Plainwell
• Units: 2 units
• Basement: Crawl Space
• # of Parking Spaces: 4
• Lot Size: 13939 sq ft lot
• Basement Type: No
• Construction Materials: Vinyl Siding
• Cross Street: Mariette and E Bridge
• Directions: From US-131 & M-89, head east on M-89, then north on Floral Ave to property on the corner.
• Driveway: Unpaved
• Heat Source: Natural Gas
• Heat Type: Forced Air
• Heating: Forced Air
• Lot Description: Corner Lot, Level
• Lot Features: Corner Lot, Level
• Lot Size Area: 0.32
• Lot Size Square Feet: 13939
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 1
• Number Of Diff Unit Floor Plans: 1
• Parcel Number: 55-300-003-00
• Parking Features: Unpaved
• Possession: Close Of Escrow
• Road Frontage: 117
• Road Surface Type: Paved
• Roof: Composition
• SEV: 103500
• Sewer: Public Sewer
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDEyOTI5IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTA2VDE3OjA0OjI3LjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.1AxvwJvGTqnwdSHwBvkIHQ8NKg4BB3GiE-NRBPDNego/badge
• Spec Assessment Ty: None Known
• Street Type: Paved
• Tax Annual Amount: 6067
• Tax Legal Description: LOTS 6 & 7 EXC A TRIANGULAR PARCEL IN NE COR LOT 7 DEEDED TO CITY ALSO EX W 10' OF LOTS 6 & 7 AS MEASURED ALG MARIETTE ST SCOTT'S ADDITION
• Tax Year: 2025
• Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water
• Terms Available: Cash, Conventional, FHA, VA Loan
• Township: Plainwell City
• Util Availat Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Phone Available
• Utilities: Cable Connected, Natural Gas Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
• Water Source: Public Water
• Zoning Description: RIC