Location

EXECUTIVE SUMMARY:

Grand River Ridge is a well-maintained community of five apartment buildings and a clubhouse, spread across a 6.76-acre setting. Grand River Ridge was built in 1968 with poured concrete and concrete slab. The community has a great unit mix containing 84 one-bedroom units (700-750 ft²), 139 large two-bedroom units (1000 ft²), and 6 three bedroom units (1,200-1,250 ft²).

Grand River Ridge has undergone over $1,500,000 in capital improvements in recent years, including unit upgrades, roof and parking lot repairs, and modernized laundry facilities. Additionally, the current owner replaced all Stab-Lok breakers in the electrical panels, resulting in significant insurance savings. The HVAC system features tenant-paid electric baseboard heating and sleeve units for cooling, while electric tenant-paid water heaters further enhance efficiency. Residents also enjoy a range of amenities, including private patios, a clubhouse, and a playground.