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616 Lofts on Pearl 139 Pearl St NW 16 Unit Apartment Building $4,000,000 ($250,000/Unit) Grand Rapids, MI 49503
Executive Summary
MOXIE is proud to present 139 Pearl for sale. This licensed boutique hotel is strategically located in the heart of Grand Rapids core downtown business district, also known as the Hotel District. Originally comprising 14 long-term apartments and 2 commercial spaces (16 total units),the property has undergone a strategic transformation into a mixed-use building, now approved for short-term transient stays. Featuring high quality finishes with tall ceilings, granite surfaces and in unit washer & dryer, these fully furnished units show well and allow a new owner to capitalize on an already stabilized, high-performing boutique hotel in a rapidly growing market. With Grand Rapids continued expansion, the asset is well-positioned for long term appreciation and increased cash flow.
Property Facts
Amenities
Unit Amenities
- Washer/Dryer
- Granite Countertops
- Hardwood Floors
- Vaulted Ceiling
- Stainless Steel Appliances
Site Amenities
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 476 - 718 |
| 2+1 | 4 | - | 769 - 846 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 41-13-25-277-030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,341,800 |
Property Taxes
Parcel Number
41-13-25-277-030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,341,800
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616 Lofts on Pearl | 139 Pearl St NW
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