Bridge Street Investment Portfolio for Sale

Multi-Family for Sale
Also listed as Vacant Land, Retail-Commercial
Catylist Listing ID: 30355597
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Mixed Use, Other
Number of Units: 3 Units
Building Size (RSF): 8,500 SF
Gross Building Area: 10,000 SF
Gross Land Area: 0.38 - 1.10 Acres
Sale Price: $1,100,000 - 1,500,000
Unit Price: $366,666.67 Per Unit
Ceiling: 17 ft.
Property Use Type: Investment
Building Name: VAN'S
Sale Terms: Cash to Seller, Purchase Money Mortgage, Other
Cap Rate: 6.0%
Last Updated: 9/17/2019

Overview / Comments

Great opportunity for cash flowing investment as well as a long term redevelopment opportunity with over an acre of prime commercial land avaialble in GR's hottest district.

827-A (commercial)
827-B (commercial)
827-C (residential)

829 (residential)

831 (storage / parking )

Rent rolls available per agent

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Northwest Business District
Tax ID/APN: 41-13-23-482-020, 012, 019
Zoning: C-2
Percent Occupied: 100%
Highway Access: 1-96, 131
Area Description: DIRECTIONS: BRIDGE ST BETWEEN PETTIBONE & MILWAUKEE
Total Number of Buildings: 3
Property Condition: Good
Parking Type: Surface, Other
Parking Description: 20 parking spots
Total Parking Spaces: 20
Laundry: In Each Unit
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Zoning Description: TN TBA & MDR
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,834 139,984 270,421
Median Age: 30.04 31.16 33.13
Households: 8,913 52,684 103,643
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