18 Gold SW Grand Rapids remodel

[Tim VandenToorn]

For those of you following the market in Grand Rapids you likely know that the NW and SW side of town offers a tremendous upside and is likely appreciating at a rate higher than any other area (except perhaps Belknap lookout). With the GVSU expansion and the GR Forward initiative you should been keep your eyes on the neighborhoods west of 131.

Here is my latest project, and although we spent a tremendous about on the remodel, the numbers are still great, and we are hoping the appreciation will also be rewarding.

This property was purchased at auction without ever seeing the inside. The past owners had lived in the house for 30 plus years, and unfortunately had to be evicted. That process was heart wrenching. 

We haven't decided which direction to take on the house.  Either sale or rental.  We placed it on the market for rent yesterday at $1795.00 (as me missed the college season) and it sounds like it is already rented.  Next year it is pre-leased for $1900.00

[Jason Carter]

Looking good @Tim VandenToorn. Thanks for sharing. These GR updates are very helpful.