Fantastic 3 unit located on Windsor Terrace, a private/public street. Located close to colleges, restaurants, and downtown Grand Rapids it is a wonderful location for tenants or home owner occupant. So great that the current leases have been long term - 3 yrs/5yrs respectively, main is owner occupied. Rents are low due to great tenants. Average potential rents for the area are $1300- 2 bed / $950 - 1 bed, and $850 - studio. A potential gross of $37200/yr on average. Meticulously maintained for easy maintenance with just a 10 year old roof, 12 yr old furnace. First floor Owners unit offers a 2 bed / 1 bath apartment w/ original fireplace, leaded glass window, pocket doors, and loads of character. The upper 1 bed / 1 bath unit has a great flow and space. The upper studio unit is huge & could potentially be expanded into the unfinished attic to raise the rents even higher! Front and back entrances available to all units. Shed and private backyard patio can be shared. Laundry and tons of storage space in the basement. Off street parking and street parking.
Courtesy of Joshua C Heyboer with Keller Williams GR East.
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