541 Coit Avenue NE, Grand Rapids, MI 49503
$322,500 - Sold
- MLS#: 26040736
- Number of Units: 2
- Type: 2 to 4 Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
About Belknap Lookout
The residents of Belknap Lookout take pride in their great parks, safe streets and beautiful views. It has more parks than any other neighborhood. Part of the neighborhood is constructed on a high plateau above Michigan Street and Division Avenue, featuring spectacular views of the city. A prominent feature of the community is the Michigan Street "Medical Mile," which has brought easily accessible health care and more jobs to Belknap. The community of Newberry Place is an urban cohousing community of privately-owned homes and sustainable neighborhood features. It affords its residents easy access to all of the amenities the city has to offer and fosters strong relationships among neighbors, while also creating shared and private green spaces. A newer edition to the community is the Belknap Brownstones which boasts elegant, privately-owned homes.
- Year Built: 1875
- Basement: Yes
- Air: None
- Lot Size: 38 x 128
- Square Footage: 3,561
- Exterior: Other22
- Water: Public Water4
- Acreage: .11
- Heat: Forced Air/Natural Gas
- PPN: 41-14-19-355-005
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Electricity Available,Natural Gas Available,Public Sewer,Public Water
- Extras: Garages
- Lot Description:
- Frontage/Type: 38 / Street, 0 / Water
- Terms: Assumable, Cash, Conventional, FHA, VA Loan
- Original Price: $370,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: From Michigan, North to address
- 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 bat
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