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2184 Wealthy Street SE Grand Rapids, MI 49506
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Key Details
Sold Price $1,200,000
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,151 sqft
Price per Sqft $289
Subdivision Mi
MLS Listing ID 70183614
Sold Date 11/30/21
Year Built 1953
Annual Tax Amount $15,346
Tax Year 2020
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 40x106
Property Description
This East Grand Rapids Mixed Use Building is a very solid investment. Recent retail space changes have also increased longer-term leases. It's one rare opportunity to own an East Grand Rapids asset and prime location. Located at the center / crossroads of East Grand Rapids this building sits on the southwest corner on two street fronts. Features include 4 income units with 4 parking spots with potential for expansion to build more rental space. The 2 Bedroom Apartment/Office space and 3 retail units offers a strong historical revenue stream and 100% Occupancy.Recent improvements include a newer roof, newer windows, electrical panels updates, hot water heaters, HVAC and more. Pretty easy to show with 48 hours notice.
Location
State MI
County Kent
Area East Grand Rapids (41030)
Interior
Heating Forced Air
Exterior
Garage 3-5 Spaces
Waterfront No
Building
Water Public Water
Structure Type Brick,Frame,Vinyl Siding,Wood
Others
Energy Description Natural Gas
Acceptable Financing Land Contract
Listing Terms Land Contract
Financing Cash
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Bought with Keller Williams GR East
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