OM & Financials Available for Download

Firestone Lofts

Grand Rapids, MI

Document Center

25 JEFFERSON AVENUE SE

GREA is pleased to present the exclusive offering of Firestone Lofts in downtown Grand Rapids, MI. Firestone Lofts is a 21-unit luxury apartment property with high end finishes including granite counters, stainless steel appliances, and floor to ceiling windows. The property was rebuilt from top to bottom in 2017 and includes a private parking garage and workout facility. 

Firestone Lofts is well positioned in downtown Grand Rapids allowing residents to walk to numerous restaurants, venues, and employers. The premium location in the heart of one of Michigan’s most sought-after neighborhoods will allow a new owner to continue to increase rents for years to come. 

The property also benefits from reduced property taxes from an OPRA agreement boosting the property’s cashflow. Current ownership is open to seller financing for qualified buyers. Please contact Colin Soltis of GREA for more information.

Investment Highlights

Fully Occupied

Average In-Place Rents of $1,585

Low In-Place Taxes through 2028
Private Parking Garage and Gym

Seller Financing Available

Great Location Downtown

Team

Colin Soltis

Director
GREA
248.800.0150