25 Jefferson Ave SE | Grand Rapids, MI 49503
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- LoopNet Team
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 | Building Size | 15,755 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1926/2017 |
| Building Class | B | Parking Ratio | 1.8/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | C - Commercial | ||
| 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 |
| Zoning | C - Commercial |
AMENITIES
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
| Parcel Number | 41-14-30-312-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $26,300 |
PROPERTY TAXES
Parcel Number
41-14-30-312-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$26,300
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