143 Floral Ave Plainwell, MI 49080
Estimated payment $1,911/month
Highlights
- Corner Lot
- Forced Air Heating System
- High Speed Internet
About This Home
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.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $6,067
Year Built
- Built in 1980
Lot Details
- 13,939 Sq Ft Lot
- Corner Lot
- Level Lot
Home Design
- Composition Roof
- Vinyl Siding
Basement
- Crawl Space
Parking
- 4 Parking Spaces
- Unpaved Driveway
- Unpaved Parking
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,934 | $103,500 | $31,600 | $71,900 |
| 2024 | $2,822 | $90,700 | $26,900 | $63,800 |
| 2023 | $2,835 | $80,400 | $25,500 | $54,900 |
| 2022 | $2,822 | $72,900 | $23,500 | $49,400 |
| 2021 | $2,717 | $66,700 | $21,100 | $45,600 |
| 2020 | $2,682 | $58,700 | $17,300 | $41,400 |
| 2019 | $2,489 | $55,500 | $14,900 | $40,600 |
| 2018 | $0 | $53,700 | $15,700 | $38,000 |
| 2017 | $0 | $48,900 | $11,700 | $37,200 |
| 2016 | $0 | $39,900 | $7,000 | $32,900 |
| 2015 | -- | $39,900 | $7,000 | $32,900 |
| 2014 | -- | $37,300 | $4,800 | $32,500 |
| 2013 | -- | $47,400 | $4,800 | $42,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/01/2026 04/01/26 | For Sale | $264,888 | +43.2% | -- | |
| 06/22/2023 06/22/23 | Sold | $185,000 | +2.8% | $88 / Sq Ft | View Prior Sale |
| 06/12/2023 06/12/23 | Pending | -- | -- | -- | |
| 06/07/2023 06/07/23 | For Sale | $180,000 | -- | $85 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $185,000 | None Listed On Document | |
| Quit Claim Deed | -- | Devon | |
| Warranty Deed | $75,000 | Devon Portage | |
| Interfamily Deed Transfer | -- | Devon |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $56,250 | New Conventional |
Source: MichRIC
MLS Number: 26012929
APN: 55-300-003-00
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.