Building in excellent repair. New roof installed 5 years ago at a cost of over $25,000. All units are exceptionally large. Occupancy in this building has been excellent and rarely has a vacancy or credit loss. Very few buildings of this type located on the northeast side of Grand Rapids. Typical rent across the board is $600 per month. Approximately 1/2 of the heating units have been replaced with electronic air handlers and the gas forced air furnaces removed. Owner will furnish additional units to buyer to complete the installation, giving this property seperate heat and electric. You won't be disappointed by this building. It's been kept in top notch condition for several years and shows true pride of ownership. Expense figures and income figures are from owners 2009 return. Gas/Oil figure is for all utilities paid by owner, including gas which 50% was split during 2009.
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