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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
  • Maintenance on site
  • Public Transportation

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

ZONING

Zoning Code C (Commercial)
  • Listing ID: 29087486

  • Date on Market: 7/24/2023

  • Last Updated:

  • Address: 25 Jefferson Ave SE, Grand Rapids, MI 49503