MLS Public Remarks Rare opportunity to own a 12 unit apartment building in a strong suburban location just outside Grand Rapids. There is a coin operated laundry (Property owned) in each building. Tenants pay for electric, and Owner pays for heat (boiler), water/sewer and trash. Value add opportunity to implement a utility bill back/RUBS program to recapture some of the utility expense. Most leases are month-month and are well below market rates. These buildings are very well maintained and all have new roofs, hot water heater and boiler work. In addition, most of the units have: newer flooring, appliances, updated bathrooms and more. With limited market rate product in Belding, the ability to expand and build more units makes this property an incredible value add opportunity.
http://www.www.johnstoneandjohnstone.com.com/23026738
Directions Belding Rd East, North on 91, East on Ellis St, Turn right into property.
Fin Below Grd SqFt 0
Total Fin SqFt 0
Price/SqFt $0
Unfinished SqFt 0
Above Grade Finished SqFt 0
CDOM 6
Sub Property Type 5+ Units
Year Built 1970
Days on Market 6
Land Assessment -
Improvements -
Net Taxes $9027
Acreage 3.01
Taxes $9027.0
Tax Year 2022
Summer Taxes -
School District Belding
Winter Taxes -
Lower Level Square Footage 0
Waterview N
Number of Units 12
Waterfront N
For Lease/Rent N
Est. Total Acres 3.01
WaterFrontage
0
Heating Baseboard, Natural Gas
Water Public
Basement N
Heating Baseboard, Natural Gas
Garage 0.0
Basement details Slab
Sewer Public Sewer
Terms/Misc. Cash, Conventional
Possession Close Of Escrow
Exterior Materials Brick, Vinyl Siding
Status Change Date 08/29/2023
Listing Date 07/26/2023
Internet/IDX Y
Pending Date 08/02/2023
Co-Listing Agent Name Max Grover
Named Exceptions N
Proposed Close Date 08/01/2023
Listing Office
Moxie Real Estate + Development
Office Address
7282 Old Mission Drive Ne
Listing Number
23026738
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