555 Michigan St NE - Apartments FOR SALE
Grand Rapids, MI 49503 |
555 Michigan St NE
Grand Rapids, MI 49503
HIGHLIGHTS
- 555 Michigan offers an eight-unit apartment building accentuated by modern finishes in Grand Rapid's Midtown neighborhood.
- Features include high ceilings, abundant natural lighting, appliances in each unit, 24/7 access, laundry facilities, and on-site maintenance.
- Strategically located on the Medical Mile, a few blocks from Midtowne Medical Center, and minutes from Interstate 196/ Gerald Ford Freeway.
- Investors will benefit from the desirable 100% occupancy rate and can carry back at 55% down with 6.25% interest for only five years.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
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% LEASED
-
BUILDING DETAILS
PROPERTY NAME
555 Michigan
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
8676
STORIES
3
YEAR BUILT
2018
PARKING SPACES
13
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
41-14-19-459-015
