Photos and Property Details for 812 Butterworth Street SW, Grand Rapids, MI 49504 (MLS# 23028657).
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$650,000
Grand Rapids, MI 49504
MLS# 23028657
Status: Sold
1 / 14
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.
Details
Maps
Location & Property Info
Cross Streets: W. of Straight
Property Sub-Type: 5+ Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 178.21
General Property Info
New Construction: No
Lot Dimensions: Irreg
Financial Available: Yes
Road Frontage: 45
Cert of Compliance: Yes
Waterfront: No
Basement: Yes
Total # Units: 5
# of Diff Unit Floor Plans: 5
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 3900
Total Parking Spaces: 4
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 3659
Lot Acres: 0.08
Year Built: 1910
Tax Info
Taxable Value: 93011
SEV: 207200
For Tax Year: 2023
Seller's Annual Property Tax: 5324
Tax Year: 2023
Homestead %: 0
Spec Assessment & Ty: None
Zoning: MCN
Tax ID #: 41-13-26-483-021
Remarks & Misc
Legal: LOT 3 EXCEPT S 32.5 FT* HOLLISTER & BOYD S ADDITION
Status Change Info
Sold Price/SqFt: 166.67
Under Contract Date: 2023-09-09
Sold Date: 2023-10-20
Sold Price: $650,000
Lot Description
Level: 1
Income and Expenses
Annual Insurance: 2500
Street Type
Easement: 1
Util Avail at Street
High Speed Internet: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Exterior Material
Brick: 1
Roofing
Rubber: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Substructure
Full: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit Description: #1 Floor 2
SqFt: 600
Occupied: Yes
Monthly Rent: 950
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: #2 Floor 2
SqFt: 600
Occupied: Yes
Monthly Rent: 1300
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 3
Unit #: 3
Unit Description: #3 Floor 2
SqFt: 600
Occupied: Yes
Monthly Rent: 1060
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 4
Unit #: 4
Unit Description: Suite A
SqFt: 1050
Occupied: No
Monthly Rent: 2000
Bathrooms: 1
Full Baths: 1
Central Air: 1
Unit 5
Unit #: 5
Unit Description: Suite B
SqFt: 1050
Occupied: No
Monthly Rent: 2000
Bathrooms: 1
Full Baths: 1
Possession
Negotiable: 1
Location Property Info
County: Kent
Street #: 812
Street Name: Butterworth
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49504
Zip (4): 6200
OfficeContract Info
Status: Sold
Current Price: $650,000
List Price: $695,000
Listing Date: 2023-08-07
Remarks Misc
Directions: Butterworth W. of downtown, just W. of Straight St. SW
Property Features
Exterior Material: Brick
Roofing: Rubber
Substructure: Full
Lot Description: Level
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: High Speed Internet
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Street Type: Easement
Terms Available: Cash; Conventional
Possession: Negotiable
Sale Conditions: None
Unit 4: Central Air
Listing Office: Larson, Robert J.
Listing Agent: Robert J Larson
Last Updated: November - 15 - 2023
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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