Location

EXECUTIVE SUMMARY:

The Pointe Apartments were built in 1969 and consist of 12 buildings situated on over 6.37 acres in a park-like setting. The property is tucked back into a neighborhood off Kalamazoo Ave. SE near its intersection with 44th St. SE. It offers 121 two-bedroom units with an impressive 1,000 sq.ft. of living space. The property is conveniently located 15 minutes from the heart of downtown Grand Rapids and there is an abundance of retail, educational, recreational, and entertainment opportunities in the immediate area.

The Pointe has been exceptionally well-maintained, and this offering represents an exciting opportunity for a multifamily investor to acquire an asset in the highly coveted Grand Rapids market. The property is outfitted with a gas-forced air heating system (Landlord-paid) and central air. The tenant is responsible for the in-unit electric and also pays a $30 per month water & gas surcharge. Unit amenities include dishwashers, balconies/patios, breakfast nook and dining room. Community amenities include: a swimming pool, sundeck, private storage, an updated clubhouse, fitness center, and carports.