1035 Wealthy Street SE, Grand Rapids, MI 49506

$580,000
3
BD
2
BA
2,700
SqFt

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Sold Price
$580,000
List Price
$595,000
Closing Date
Apr 21, 2025
Days on Market
8
MLS#
25012441
Status
SOLD
Type
Single Family Residential
Bedrooms
3
Bathrooms
2
Full-baths
2
Living Area
2,700
Neighborhood
Grand Rapids - G

Property Description

A rare mixed-use building located in Eastown, Grand Rapids, featuring two distinct units: ✖️Residential Unit: A spacious 3-bedroom, 1-bathroom apartment with a rooftop deck. ✖️Commercial Unit: Currently leased to Scorpion Coffee, offering a well-designed space with a side yard patio. Situated in the heart of Eastown, one of Grand Rapids' most vibrant neighborhoods, the area is known for its historic architecture, walkability, and diverse mix of local businesses. Nearby, you'll find popular spots like Terra GR, The Electric Cheetah, Harmony Brewing Company, Yesterdog, and Wolfgang's Restaurant, along with a variety of boutiques and community spaces. ✖️pro forma Cap Rate: ~8.9%.

Additional Information

Taxes
$7,372
Acres
0.06
Basement
Michigan Basement, Partial
Heating
Forced Air
School District
Grand Rapids
Sewer
Public Sewer
Stories
2
Water
Public

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Max B Grover from Listing Office: MOXIE Real Estate + Development.

Selling Agent: Selling Office: .

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