Lake Effect Home Buyers – Buyers Site
Downtown Holland Side by Side Duplex (w/ value add to make into triplex)
Currently Vacant
Purchase Price: $239,900 [With Current Contract Stating Seller to Pay $10,000 in Concessions AND $4,000 Towards Closing Costs!]
After Repair Value: $259,900
Bedrooms: 5
Full Baths: 3
Sq. Feet: 2,536
Year Built: 1963
We are selling our interest in an assignable contract we have on an off-market 5 bedroom, 3 bathroom 2,536 sq ft home on 0.259 acres in downtown Holland. Walking distance to the Herrick library, Hope College, and downtown. The home is currently zoned as a residential duplex [real value add would be to make into a triplex]. In 2000, the garage (back unit) was remodeled into a bedroom, den, and bathroom, and a detached 2 stall garage was built. Each side by side unit is around 1,000 sq ft, and the back unit (remodeled garage) is around 500 sq ft. The back unit needs a kitchen to make it into a stand alone 3rd unit. Cash offers preferred but will accept financed offers.
Estimated Rents if Duplex:
Unit 1: $1,095
Unit 2: $895
Estimated Rents if Triplex:
Unit 1: $895
Unit 2: $895
Unit 3: $695
Suggested Repairs:
New furnace will be needed in the 116 W 14th St. unit
Carpet/flooring/paint in both side by side units
Roof will need patching above the front porch
New garage doors
If wanted to make into a triplex – new kitchen in 3rd unit
I have a full inspection report available to serious buyers, along with quotes on all suggested repairs.
This would be a great house hack opportunity in a great location.
Please contact me if you are interested or have any questions!