233 Hollister Avenue SE
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.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $339,900 |
| No. of Units: | 3 |
| Year Built: | 1884 |
| Opportunity Zone: | No |
| Price per unit: | $113,300 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 0 |
ID: 3yd-GRARMI-26032283
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