2472 Abbington SE Drive Grand Rapids, MI 49506
Updated townhouse condo with pool, green spaces, and pet-friendly policy.
Property Features for 2472 Abbington SE Drive
General Information
- Standard status
- Active
- Size
- 1,036 SF
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1967
Listing office Living Homes Realty (616) 600-2919
Listing date Mar 17, 2025
Source Exitrealty
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Investment Insights
Based on property information with market context.
Key Highlights
- Georgetown community: enjoy the outdoor pool, rentable community/event room, and guest suite ($70/night).
- Prime location near shopping, bus lines, restaurants, and East Grand Rapids in the Indian Trails neighborhood.
- Updated interior features fresh paint, updated LVP flooring, and hardwood floors upstairs.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.0k | $18.36 |
| − Vacancy | −$1.1k | −$1.10 |
| EGI | $17.9k | $17.26 |
| − OpEx | −$8.0k | −$7.77 |
| NOI | $9.8k | $9.49 |
