139 Pearl St NW - Apartments FOR SALE


Grand Rapids, MI 49503- Downtown Grand Rapids
$4,000,000 USD
989-980-7359
139 Pearl St NW, Grand Rapids, MI for Sale
$4,000,000 USD
Apartments - FOR SALE
1/52
null | Request Cap Rate

139 Pearl St NW
Grand Rapids, MI 49503
Downtown Grand Rapids


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

16

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

616 Lofts on Pearl

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1873

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,530 SF

ZONING

TNCC

APN/PARCEL ID

41-13-25-277-030

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.