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 SFUnits: 2 -- both fully leasedUnit 1: 3,224 SF \ $2,000/month \ 3% annual increaseUnit 2: 2,184 SF \ $1,400/month \ 3% annual increaseCombined Monthly Income: $3,400 \ Annual Income: $40,800Tenant Expense Structure: Gross modified - tenants responsible for all utilitiesLease Escalations: Built-in 3% annual increases on both units, providing consistent rent growth and inflation protectionWhy This Property:With both units occupied and income flowing immediately, this is a true turnkey investment!
7,405.2 Sq Ft Lot Size
commercial
$534 Monthly Tax
Built in 1940
MLS/Listing ID 65026026131
2 Units
Construction - Brick
Construction - Block
Basement
Heating - Natural Gas
Heating - Forced Air
Parking - Paved
Construction - Steel Siding
Construction - Concrete
TOTAL MONTHLY COST
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