233 Hollister Avenue SE, Grand Rapids, MI 49506

$349,900

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List Price
$349,900
Days on Market
32
MLS#
26032283
Status
ACTIVE
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.

Additional Information

Owner Pays
None
Taxes
$9,402
Acres
0.14
Basement
Michigan Basement
Heating
Forced Air
School District
Grand Rapids
Sewer
Public Sewer
Tenant Pays
None
Total Parking Spaces
3
Utilities
Natural Gas Connected, Electricity Connected, Electricity Available
Water
Public Water

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Marcus Love from Listing Office: Realify Properties.

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