Property Listing No Longer Available for Sale

1135 Burton St SE 1945 Nelson

Grand Rapids, MI

Office for Sale - $194,900


Property Info

CIMLS#881209
Location
  1135 Burton St SE 1945 Nelson
  Grand Rapids MI 49507
UpdatedMay 1st, 2016
TypeOffice
Price$194,900

Property Description

1135 Burton St & 1945 Nelson St:


Properties must be sold together due to properties sharing the same utilities!


1135 Burton-


13,210 SF


7 units/ six are rented


1945 Nelson-


4,200 SF


Property consists of 2 buildings


One building is occupied by long-term screen printing shop and the other building is cold storage only.


Projected Gross Income: $61,680.00


With Vacancy: $50,280.00


Expenses:


Property Taxes - $10,589.00


Trash - $1,145.00


Insurance - $1,034.00


Gas - $4,127.00


Electric - $3,856.00


Water - $2,719.00


Snow (no contract) -


Land Lease Rent - $364.00


___________________________


$23,834.00


Projected Net Income: $37,846.00


with Vacancy: $26,446.00


View Full Listing: here



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