For Sale: Grand Rapids MLS# 6544007
Active
$2,080,000
Commercial: Apartments
Built 1975
0.46 acres
Grand Rapids schools
MLS# 6544007
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Property Description
32 unit apartment building located in the heart of Grand Rapids, excellent predictable cash flow in growing community with high demand for apartments. Newer roof, newer furnace, updated windows. 17 1BR units, 11 efficiency units, 2 2BR units & 2 3BR units. On site laundry.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,080,000
Property Type:
Commercial
City:
Grand Rapids
Garage Spaces:
0
County:
Itasca
Year Built:
1975
State:
MN
Property Style:
Apartments
Zip Code:
55744
Subdivision Name:
Town Of Grand Rapids Minn
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Dryer
- Refrigerator
- Washer
Basement Details:
Full
Exterior
Stories:
Three Or More
Garage Spaces:
0
Other Parking Spaces:
20
Air Conditioning:
None
Foundation Size:
7,127 ft2
Handicap Accessible:
None
Heating System:
- Boiler
- Hot Water
Parking Features:
Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
- Brick/Stone
- Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
0.46
Geolocation:
47.234127, -93.52327
Inclusions:
Building, Leases
Lot Dimensions:
150 x 135
Zoning:
Residential-Multi-Family
Schools
School District:
318
District Phone:
218-327-5704
Expenses
Annual Gross Expense:
$8,064
Tenant Expenses:
Cable TV
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$11,663
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$11,888
Income
Annual Gross Income:
$25,246
Units
Total Units:
32
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of GRAND PROPERTIES REAL ESTATE.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.