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Larry Martin
Keller Williams Realty Rivertown
(616) 441-4261
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Fantastic Investment Opportunity! This well-maintained apartment building features three fully turnkey 2-bedroom, 1-bath units each renting for $1,300/month, and one 1-bedroom, 1-bath unit renting for $1,100/month. All units are consistently occupied with month-to-month leases, providing excellent income and flexibility for future ownership. Tenants pay their own electric.Recent 2024
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Caledonia, situated in Kent County, Michigan, is a small village known for its blend of historical charm and modern development. The village has evolved from its agricultural roots, with much of the farmland now developed into picturesque subdivisions. Emmons Lake divides Caledonia into two areas: the south features older homes with Victorian and Craftsman architecture, while the north, known as Glen Valley Estates, offers contemporary homes built from the 1990s onwards. Caledonia Community Schools serve the area, with several schools, including Dutton Elementary and Caledonia Elementary, recognized as National Blue Ribbon Schools. Caledonia High School offers a variety of AP courses and has notable sports programs, including a state-champion equestrian team.
Caledonia Lakeside Park is a key attraction, offering picnic areas, a playground, and fishing on Emmons Lake, as well as access to the Paul Henry Trail. The Caledonia Community Green features an amphitheater, splash pad, and pickleball courts, and is adjacent to the Caledonia Library, which hosts popular community events. Downtown Caledonia, though small, includes boutiques, restaurants, and the longstanding Family Tavern. The village's development plan aims to balance growth with maintaining its small-town charm.
Caledonia's main retail hub is Cherry Valley Avenue, home to various chain restaurants and the local favorite, Big O Smokehouse. Employment opportunities are bolstered by nearby manufacturing employers and Davenport University, with many residents commuting to Grand Rapids, 20 miles away. Emergency services are provided by the Kent County Sheriff's Office and the volunteer Caledonia Fire Department. The village experiences four distinct seasons, with cold winters and significant snowfall.
On average, homes in Caledonia, MI sell after 21 days on the market compared to the national average of 70 days. The median sale price for homes in Caledonia, MI over the last 12 months is $400,000, down 2% from the median home sale price over the previous 12 months.