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MLS: 875229
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C/I Purchase
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$ 2,450,000
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Property Type: Multi-Family
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Address: 11088 52ND AVE
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Info Package Avail: No
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Zip Code: 49401-
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Engineer Rep. Avail: No
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County: Ottawa
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Zoning: 201-Commercial
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Lot Size:
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Directions: Lake Michigan Drive to 52 |
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Utilities Attached: |
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Utilities Available: |
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Features Included: |
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Features Available: |
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UnderStructure: 698728 |
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Terms Offered: |
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Potential Uses: |
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Present Use: |
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Type of Industry: |
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Building SqFt: 40100
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Age:
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Traffic Count: Office
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Security System: No
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Office SqFt: 0
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Stories: 0
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Fuel/Heat:
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% Air Cond: 100
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Retail SqFt: 0
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Ceiling Height: 9.0
to 10.0
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Load Docks: 0
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Number Elevators: 0
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W/H-Mfg SqFt: 0
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Bldg Expandable: No
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Drive-In Doors: 0
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RR Siding: N
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Poss Exp Size: 0
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Sprinklered: No
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Off Street Parking: 58
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Acreage: 5.00
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Ext Surface: Brick,Vinyl
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Drive Surface: PAVED
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Wooded Lot: No
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Listing Comments: This is a fantastic opportunity to acquire newer student housing close to GVSU. This offering is a combined package of Sutter's Mill Townho mes and North Ridge Townhomes. The properties consist of 88 beds (22 units) and have had very stable historical occupancy. The pricing ref lects a 9.5% cap rate on in-place income. This property is priced to sell and only serious offers will be considered.
Listed by:
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Colliers International
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(616) 774-3500
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Information deemed reliable, but not guaranteed.
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