1119 Burton Street Southeast, Grand Rapids, MI 49507

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Eric F.

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Building Details:

1119 Burton Street Southeast is an office property for lease in Grand Rapids, MI.

INVESTOR SPECIAL! RECENTLY REDUCED FOR QUICK SALE.

Now fully rented with all 8 suites occupied. Owner looking to move on to next chapter and wants to sell.

Building is split into two levels. Rentable SF is 4546. Total building size is 5400 SF.

Tenants can be signed to longer term leases or can vacant at closing depending on the new owners intentions.

Be apart of the redevelopment of Alger Heights!

Call DAR Development at 616-229-0658 for all the details.

Current SEV: $88,200

Projected Gross Income: $27,480.00

Expenses:
Property Taxes - $4,284.00
Trash - $440.00
Insurance - $227.00
Gas - $2,196.00
Electric - $2,777.00
Water - $614.00
Janitorial - $600.00
Snow (no contract)
________________________
$11,137.00

Projected Net Income: $16,343.00

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