Welcome to your next lucrative investment! This newly updated 5-unit building boasts an impressive combination of 3 modern apartments and 2 highly sought-after commercial suites, making it a prime opportunity for savvy investors like yourself. Strategically situated within walking distance from downtown, this property is perfectly positioned to benefit from the area's ongoing development and increasing property values. Currently generating a robust monthly income of $6,500, this property's potential for further growth is astounding. With the ability to raise the revenue to $7,500 or more, you'll enjoy an attractive return on investment. The demand for commercial spaces at this rental price is exceptionally high, ensuring a consistent stream of income for years to come.
Sold
$650,000
812 Butterworth St SW, Grand Rapids, MI 49504
3beds
5baths
3,900sqft
5+ Units
Built in 1910
-- sqft lot
$-- Zestimate®
$167/sqft
$1,048 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 15, 2023 at 11:28am
Listed by:
Robert J Larson rjlarsoninc@comcast.net,
Larson, Robert J.
Bought with:
Allison V Koetsier, 6502378425
Compass Realty Services
Source: MichRIC,MLS#: 23028657

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
Heating
- Forced Air
Cooling
- Window Unit(s)
Features
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total interior livable area: 3,900 sqft
Property
Parking
- Total spaces: 4
Lot
- Size: 3,484 sqft
- Features: Level
Details
- Parcel number: 411326483021
- Zoning description: MCN
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Brick
- Roof: Rubber
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Connected, Electricity Connected, Cable Connected, Broadband
Community & neighborhood
Location
- Region: Grand Rapids
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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