Luxury Townhome in Grand Rapids, Michigan.

[Brent Raedeke]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $317,500
Cash invested: $80,000

Luxury townhome in a lovely neighborhood. Excellent location. Grocery stores, restaurants and shopping nearby.
Part of a HOA neighborhood that includes community pool, amphitheater, kids park, dog park, community garden and Italian restaurant and liquor store.
Townhome is 1800 sq ft. Updated luxury vinyl planking floors. Recently updated laundry room sink and built in countertop addition.

How did you add value to the deal?

Redoing floors myself. Adding built cabinets and sink in laundry room. Adding new light fixtures/ceiling fans throughout.

What was the outcome?

Increased monthly rent. Overall higher end finishes. Brighter and more modern feel.

Lessons learned? Challenges?

Doing any updates or rehab yourself is always challenging but rewarding and I very much enjoy doing things myself.