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139 Pearl St NW
Grand Rapids, MI 49503
616 Lofts on Pearl · Multifamily Property For Sale
·
16 Units
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 16,812 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1873/2013 |
| Building Class | B | ||
| Zoning | TNCC | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 16,812 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1873/2013 |
| Zoning | TNCC |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Stainless Steel Appliances
SITE AMENITIES
- Vintage Building
ABOUT 139 PEARL ST NW , GRAND RAPIDS, MI 49503
The SVN Colvin Team is pleased to present this iconic mid-rise "trophy" property in the heart of booming Downtown Grand Rapids. Anchored by the very popular Flanagan's Irish Pub, there are 14 pristine loft-style apartments and a salon on the upper three floors. Each apartment was carefully renovated with its own heating and air conditioning system. Flanagan’s recently remodeled their restaurant and extended their lease for a longer term. This attractive investment property is professionally managed, has a great rental history and is a tremendous value for the price. These gorgeous apartments offer city views of outdoor concerts and entertainment. Residents enjoy high ceilings with exposed beams and brick, hardwood floors, stainless steel appliances, granite countertops, in-unit washer/dryers and valuable access to the 616 Lofts common areas and promotions. The parking ramp next door provides easy covered parking for the professional tenants. There is a historical easement in place to protect this rare example of High Victorian Gothic Commercial architecture. We can provide a recent appraisal, a clean Phase 1 and an ALTA survey for a smooth and simple transaction. For more information, call Chris Colvin at 616-920-9334
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 476 - 718 |
| 2+1 | 4 | - | 769 - 846 |
PROPERTY TAXES
| Parcel Number | 41-13-25-277-030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,341,800 |
PROPERTY TAXES
