143 Floral Avenue, Plainwell, MI 49080
MULTI_FAMILY - Plainwell, MI
- Added:
- Apr 1, 2026
- Days on Market:
- 75
- Last Refresh:
- Jun 14 at 5:06 pm
Property Features for 143 Floral Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
- Parking
- 4
- Parking features
- Paved or Surfaced
- Basement
- Crawl Space
- Standard status
- Active
- APN
- 55-300-003-00
- Size
- 2,112 SF
- Lot size
- 0.32 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax 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 Annual Amount
- 6067
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
Building Details
- Year built
- 1980
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing agent Will Howson (269) 615-5660
Listing office Coldwell Banker Realty 10 N Whittaker Street, New Buffalo, MI (269) 469-3950
Listing date Apr 1, 2026
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Strong, stable cash flow with long‑term tenants in place through 2027.
- Spacious 2‑bedroom, 1‑bath units (approx. 1,056 sq ft each).
- Each unit includes in‑unit laundry and separate utilities.
- Tenants cover all major utilities, keeping owner expenses low.
- Located within Plainwell Schools and close to downtown amenities, parks, and major roadways.
- Newer construction (built in 1980) with public water/sewer and natural gas.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.6k | $11.16 |
| − Vacancy | −$1.3k | −$0.59 |
| EGI | $22.3k | $10.57 |
| − OpEx | −$6.7k | −$3.17 |
| NOI | $15.6k | $7.40 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Plainwell
- County
- Allegan
- State
- Michigan
- Longitude
- -85.634949
- Latitude
- 42.444377
