3385 Wallace Ct SW - Apartments FOR SALE
Grandville, MI 49418 |
$950,000 USD
616-225-1400
3385 Wallace Ct SW
Grandville, MI 49418
HIGHLIGHTS
- Two low-rise apartment buildings on a single parcel with eight units overall.
- Each unit includes two bedrooms and one bathroom, suiting a broad tenant base.
- Recent capital improvements include new siding, roof work, gutters, and interior refurbishments.
- Fully occupied with strong rental performance and consistent cash flow.
- Convenient access to nearby retail centers, educational institutions, and essential services.
- Located in Grandville, a growing area with robust residential and economic activity.
OVERVIEW
2 - 4 unit buildings on one Parcel
All 2 bedroom 1 bath
Common area coin op laundry (owned by property)
New siding, roofing, soffit & gutters on East building 2025
New soffit and gutter West building 2025 - New roof in 2019
New boiler systems and water heaters 2010 - Refurbished 2024
All 8 units Occupied
Currently monthly rent - $8300
FOR SALE DETAILS
PRICE
$950,000 USD
PRICE/SF
$326 USD /SF
# OF UNITS
8
PRICE/UNIT
$118,750
CAP RATE
Request Cap Rate
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1962
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,216 SF
ZONING
Commercial
APN/PARCEL ID
41-17-17-226-005
ASK ABOUT THIS PROPERTY
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616-225-1400
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616-225-1400
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