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Erica Welch

streetrockmgmt@gmail.com +1(313) 306-9035

$339,900

Est. payment - /mo

6,098 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65026032283

Year Built 1884

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type MultiFamily

Property Description

Rare opportunity to acquire a value-add triplex in the heart of East Hills, one of Grand Rapids' most sought-after neighborhoods. With a brand new roof in 2024 this historic property offers over 2,100 square feet across three units and is primed for its next transformation. All units are vacant, providing immediate flexibility to renovate, lease at current market rates, or customize the property without tenant restrictions. Post-construction permits have been obtained, and the property has recently appraised as-is above the current list price, presenting an exceptional opportunity to build equity from day one. The property also qualifies for valuable historic rehabilitation tax credits, offering the potential to offset renovation costs and further enhance your overall return on investment. Located just minutes from downtown, restaurants, breweries, shopping, and everything East Hills has to offer, this is an ideal opportunity for a flipper, long-term investor, or owner-occupant.

Location

State MI

County Kent

Area Area41142Grandrapids

Interior

Heating Forced Air, Natural Gas

Fireplace No

Exterior

Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected

View Y/N No

Building

Foundation MichiganBasement

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.zillow.com/view-imx/5db2ccea-1677-4fe9-bb22-9e22258eb439?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

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Listed by Marcus Love of Realify Properties

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Erica Welch

+1(313) 306-9035

Assistant Property Manager | License ID: 384385

Assistant Property Manager License ID: 384385

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233 Hollister AVE SE City Of Grand Rapids, MI 49506

Erica Welch

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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