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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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4342 Division Ave S , Grand Rapids, MI 49548
$450,000
Est. Payment: $1,000.00/mo
0 Bed
2 Bath
5408 Sqft
Status: Active | Days on site: 90
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g301300 - gmonr5692
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

Investment Opportunity! Fully Leased Multi-Tenant Retail/Commercial! Fully occupied, income-producing commercial property in one of the Grand Rapids metro's highest-traffic retail corridors. Situated on Division Avenue South and 44th Street in Kentwood, this two-unit building benefits from 24,000-40,000 vehicles passing daily -- providing exceptional visibility and a built-in customer base for tenants. Property Highlights: Total Building Size: 5,000 SF Units: 2 -- both fully leased Unit 1: 3,224 SF | $2,000/month | Unit 2: 2,184 SF | $1,400/month | Combined Monthly Income: $3,400 | Annual Income: $40,800 Tenant Expense Structure: Gross modified - tenants responsible for all utilities Why This Property: With both units occupied and income flowing immediately, this is a true turnkey investment!
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Highlights

Listed by Chad Monroe , 616-439-4653 Rise Realty Group , 616-227-0744.

Property Type

Commercial Sale
Lot/Acreage
0.17

Year Built

1940

County

Kent

 School District

Kelloggsville

Listing ID

26026131

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2

Exterior Features
Principal Interest
$1,000
Taxes
$534

Home Price

$450,000

Loan Details

30 yrs
%

Down Payment

20%
$90,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,000.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,000.00 $533.79 $0.00 $1,533.79
Yearly $12,000.00 $6,405.48 $0.00 $18,405.48
Total $360,000.00 $192,164.40 $0.00 $552,164.40

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.