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Updated over 3 years ago,
Four unit class C apartment building
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Grand Rapids.
Four unit class C building with deferred maintenance. Purchased with eviction process in-place for non-paying tenant during COVID. Successfully moved tenant out of the building and have renovated 2/4 units to class B+. Rents are now almost twice in-place rents setting record for the area.