For Sale
143 Floral Avenue, Plainwell, MI 49080
$249,999
MLS # 26012929 (Michigan Regional Information Center (MichRIC))
2 unitsBuilt 19800.32 acres
1 / 17
Listing 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.
Source: SparkMLS
About this home
Asking $249,999.
Property tax estimate: $6,067 per year ($506/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.32 acres
Year Built1980
Location
CityPlainwell
MunicipalityPlainwell City
Zip Code49080
CountyAllegan
School DistrictPlainwell
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
HeatingForced Air
SewerPublic Sewer
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected
Sale & Financing
Listed3/31/2026
Original Price$264,888
Terms AcceptedVA Loan, FHA, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$6,067
Tax Year2023
Assessed Value$93,511
Parcel #55-300-003-00
Source: SparkMLS
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
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Will Howson
Coldwell Banker Realty
Frequently Asked Questions about 143 Floral Avenue, Plainwell, MI 49080
Which school district serves 143 Floral Avenue, Plainwell, MI 49080?
Per MLS# 26012929, 143 Floral Avenue, Plainwell, MI 49080 is in the Plainwell boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Plainwell directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26012929, this listing accepts VA Loan, FHA, Cash, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 143 Floral Avenue, Plainwell, MI 49080?
Per public tax records, annual property taxes for this property are $6,067 (2023). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 143 Floral Avenue, Plainwell, MI 49080 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 143 Floral Avenue, Plainwell, MI 49080 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 143 Floral Avenue, Plainwell, MI 49080?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Michigan Gas Utilities Corporation. Sewer: Public Sewer. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Plainwell City police department or the Allegan County sheriff's office.
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Monthly payment$1,621
Principal & interest$1,621
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Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
143 Floral Avenue, Plainwell, MI 49080
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Municipality
Plainwell
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