Location

EXECUTIVE SUMMARY:

The Grand Ledge Portfolio is comprised of five apartment complexes:

Legend Woods Apartments is a garden style complex, consisting of two buildings built 1972, situated on 1.06 acres of land. The buildings consist of 32 one bedroom units of approximately 700 sq.ft. The property is outfitted with tenant paid electric baseboard heat which is separately metered. The roof on the 282 building has been replaced within the last five years. Amenities at the property include on site laundry, interior entrances, and tenant storage. Situated on S. Clinton Road, this location provides tenants ample retail, educational, healthcare and entertainment opportunities that are close to home.

Boardwalk and Park Place Apartments are two garden style buildings built in 1968 and 1979, situated on 1.04 acres of land. The buildings contain 5 one bedroom units, approximately 650 sq.ft., and 17 two bedroom units, approximately 750 sq.ft. The 320 building is outfitted with a landlord paid, hot water baseboard heating system and the electricity is separately metered. The 400 building is outfitted with tenant paid, electric baseboard heat which is also separately metered. Roofs are newer on these buildings; the 320 building had the roof replaced about eight years ago, while the 400 building was replaced within the last two years. Amenities at the property include on site laundry, interior entrances, carport and ample parking, and tenant storage. Situated across the
street from Jaycee Park and Grand River, this serene location is close to downtown Grand Ledge and all the amenities it has to offer.

Colonial Manor is a low rise building built 1900 and is situated on 0.30 acres of land. The building contains 9 one bedroom units, approximately 675 sq.ft. The property is outfitted with landlord paid, hot water baseboard heating system and the electric is separately metered. The roof has been replaced within the last two years. Amenities at the property include on site laundry, interior entrances, and tenant storage. Situated two blocks north of Grand River, this location provides tenants retail, and entertainment opportunities that are within walking distance.

Maple Street is also a garden style complex, consisting of one building with 5 one bedroom units with approximately 650 sq.ft., and 3 two bedroom units with approximately 750 sq.ft. The property is outfitted with tenant paid electric baseboard heat which is separately metered. Amenities at the property include on site laundry, interior entrances, and tenant storage. Maple Street’s location provides tenants ample retail, educational, healthcare and entertainment opportunities that are close to home.