This Multifamily Property is no longer advertised on LoopNet.com.
25 Jefferson Ave SE
Grand Rapids, MI 49503
Firestone Lofts · Multifamily Property For Sale
·
21 Units
INVESTMENT HIGHLIGHTS
Firestone Lofts offers a newly renovated multifamily building with 21 loft-style units in a mix of one- and two-bedroom apartments.
Strategically located in Downtown Grand Rapids, surrounded by numerous restaurants, amenities, and nightlife attractions, all within walking distance.
Expect high-end units with modern finishes and amenities, such as granite countertops, stainless steel appliances, and heating and air conditioning.
Investors will benefit from the high-occupancy rate and can carry back at 55% down with 6.25% interest only for five years.
PROPERTY FACTS
No. Units
21
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Mid Rise
Building Class
B
Lot Size
0.34 AC
Building Size
15,755 SF
Average Occupancy
100%
No. Stories
5
Year Built/Renovated
1926/2017
Parking Ratio
1.8/1,000 SF
UNIT AMENITIES
Air Conditioning
Washer/Dryer
Heating
Kitchen
Granite Countertops
High Speed Internet Access
Refrigerator
Oven
Stainless Steel Appliances
Range
Tub/Shower
Island Kitchen
SITE AMENITIES
24 Hour Access
Controlled Access
Fitness Center
Laundry Facilities
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
17
$1,595
600 - 825
2+2
3
$2,295
1,100
2+2.5
1
$2,295
1,100
PROPERTY TAXES
Parcel Numbers
Multiple
41-14-30-312-001
41-14-30-312-004
41-14-30-312-005
41-14-30-312-002
41-14-30-312-003
Improvements Assessment
$0
Land Assessment
$0
Total Assessment
$125,300
ZONING
Zoning Code
C (Commercial)