Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
JL Hut
  • Investor
  • Greenville, MI
1
Votes |
11
Posts

Duplex + Single family, Town homes, Turnkey, Same owner 30 years

JL Hut
  • Investor
  • Greenville, MI
Posted

Time for me to retire, I have owned this property from new for 30 years and it has had excellent care.  There are three unique higher end rental homes on one property, all have vaulted ceilings and  each has a garage. There is nothing else like it in this market, they rent fast and have very little down time.  Buildings need nothing, newer roof,  2 furnaces and 2 water heaters were just replaced.   Tenants pay all utilities, landlord pays garbage pickup $400. yr. and Property taxes $3600. Yr..  

Our market just had a large manufacturer move in and there is almost nothing for rent in the area.  Rents are rising fast and I plan to raise rents 10% at lease renewal.  Greenville is 35 minutes N.E of Grand Rapids, MI.  Grand Rapids is a very strong Job market with a vacancy rate under 2%

Excellent long term tenant under lease.   Rent income is $2450. a month

This a large property of over 2+ ac., room for more development.

Offering

Loading replies...