Listed by Keller Williams Grand Rapids
$500,000
Hastings 4 Unit Office Complex
Details
APN 06-020-025-40
Property Type Office
Sub Type Traditional Office
Square Footage 4,896
Units 4
Cap Rate 6.36%
NOI $41,320
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $102
Broker Co-Op Yes
Class B
Year Built 1995
Year Renovated 2020
Buildings 1
Stories 1
Acreage 2.260
Zoning GC
Investment Type Stabilized
Hastings 4 Unit Office Complex
Marketing description
Hard to find 4 Unit office building south of downtown Hastings, just off of M-37. Well maintained single story brick building with large parking lot, boosting 32 spaces plus 4 handicapped. Recent updates include roof, septic, gutters and resealed parking lot. Positioned along highly travel M-37 with private drive back to the complex.
Listing Contacts
Listed by Keller Williams Grand Rapids
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,320.00
$3,443.33/mo
Valuation Metrics
0
DSCR
8.26%
Cap Rate
8.26%
ROI
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