812 Butterworth Street SW, Grand Rapids, MI 49504
$650,000 - Sold
- MLS#: 23028657
- Number of Units: 5
- Type: 5+ Units
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1910
- Basement: Yes
- Air: Window Unit(s)
- Lot Size: Irreg
- Square Footage: 3,900
- Exterior: Brick
- Water: Public
- Acreage: .08
- Heat: Forced Air/Natural Gas
- PPN: 41-13-26-483-021
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Cable,Electric,Natural Gas
- Utilities Available at Street: Broadband
- Extras: Sep Electric Meter,Sep Gas Meter
- Lot Description: Level
- Frontage/Type: 45 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $759,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: Butterworth W. of downtown, just W. of Straight St. SW
- Property Description: Welcome to your next lucrative investment! This newly updated 5-unit building boasts an impressive combination of 3 modern apartments and 2 highly sought-after commercial suites, making it a prime opportunity for savvy investors like yourself. Strategically situated within walking distance from downtown, this property is perfectly positioned to benefit from the area's ongoing development and increasing property values. Currently generating a robust monthly income of $6,500, this property's potential for further growth is astounding. With the ability to raise the revenue to $7,500 or more, you'll enjoy an attractive return on investment. The demand for commercial spaces at this rental price is exceptionally high, ensuring a consistent stream of income for years to come.
- Commission Offered:
- Buyer Agency: 2.50 % Sub Agency: 5.00 % Transaction Coordinator:
- Disclaimer: The listing broker's offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
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