Large House with HIGH Returns Potential! Assigned

  • $129,500
  • 10 beds
  • 3 Full & 2 Half baths
  • Nearly 4000 sqft
Assigned

This property is nearly 4000 square feet with 10 bedrooms, 3 full & 2 half baths just outside of Heritage Hill. It is currently operating as an adult care facility. There is big potential to convert it to a multi-family with large rent returns! Best conversion would be 3/1.5 lower, 3/1 middle and 1/1 top. It will be delivered vacant. There was a previous deal in place that was interrupted by COVID-19. Seller is very motivated.

Highlights: 10 Bedrooms, 3 full and 2 half baths; New roof (4-years old); New furnace (3-years old); New hot water heater (4-years old); Off-street parking & garage; Nearly 4000 square feet; Deal includes an adjoining parcel as well; CAP Rate 12%+

Revised Wholesale Price: $129,500
ARV: $235,000-$245,000

No Longer Available.

 

Price:
$129,500
Address:
101 Pleasant St SE
Grand Rapids, MI 49503
Square Feet:
Nearly 4000
Bedrooms:
10
Bathrooms:
3 Full & 2 Half
Terms:
Assignment of Contract
Property Type:
Multi-family

Call (616) 333-9850 for more details

Property Location