Great Potential 3 Unit In Downtown Holland, MI For Sale

  • $239,000
  • 5 beds
  • 3 baths
  • 2,536 sqft
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!
Price:
$239,000
Address:
114 W 14th St
Holland, MI 49423
Square Feet:
2,536
Lot Size:
0.259 Acres
Bedrooms:
5
Bathrooms:
3
Terms:
For Sale
Property Type:
Duplex
Year Built:
1963
Basement:
Unfinished
Const. Type:
Brick

Call (616) 294-0151 for more details

Property Location