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Buy&Hold (Vacant): 2273 Thistledowne Dr Ne, Grand Rapids, MI 49505 - SOLD

Updated: Aug 5, 2023

Single Family Investment Opportunity






















Price

$236,500


Introducing an exclusive off-market listing opportunity in Grand Rapids! This spacious 3-bedroom, 1.5-bathroom property located at 2273 Thistledowne Dr NE presents an incredible investment potential. Boasting 1,700 square feet, this home offers ample living space, including a finished basement and desirable features that make it a remarkable find.


One standout feature of this property is the presence of solar panels, providing you with sustainable and cost-efficient energy solutions. Additionally, a new hot water tank and furnace have been recently installed, ensuring optimal functionality and energy efficiency.


While this property may require cosmetic updates, the potential for a significant return on investment is undeniable. With the right renovations, this home can be transformed into a stunning residence, capturing the attention of potential buyers and increasing its After Repair Value (ARV) to an estimated $350,000. This presents a fantastic opportunity for savvy investors and those looking to create their dream home with a personalized touch. There are currently 4 Bedrooms on the property.


Calling all savvy investors seeking to tap into the lucrative rental market in Grand Rapids! This is your opportunity to acquire a property in the desirable Thistledowne neighborhood and unlock the potential for market rents of $2,000 and up. Here's why this investment prospect is perfect for you:

  1. Strong Rental Demand: Grand Rapids has a thriving rental market with high demand for quality properties. With market rents of $2,000 and above, you can secure attractive rental income and maximize your return on investment.

  2. Prime Location: Thistledowne's prime location enhances its rental appeal. Situated in a sought-after neighborhood within Grand Rapids, tenants will appreciate the convenient access to amenities, employment centers, schools, and entertainment options. This ensures a steady stream of potential tenants and minimizes vacancy periods.

  3. Renovation Potential: This property offers the opportunity to implement cosmetic updates to elevate it to the desired market rent level. By investing in strategic renovations, you can attract tenants who are willing to pay premium rents for modern and updated living spaces.

  4. Desirable Features: With 3 bedrooms, 1.5 bathrooms, and 1,700 square feet, this property offers ample space for tenants seeking comfortable and spacious living arrangements. The added benefit of solar panels, a new hot water tank, and furnace provides tenants with energy-efficient and sustainable features, further enhancing its appeal.

  5. Strong Appreciation Potential: Grand Rapids has experienced consistent growth in property values, making it an attractive market for investors. By acquiring a property in Thistledowne, you position yourself to potentially benefit from the area's strong appreciation, increasing your equity and long-term investment gains.

  6. Professional Management: If you prefer a hands-off approach, our team at Promise Land Realty LLC can assist you with professional property management services. We have the expertise to handle tenant screening, lease management, rent collection, and property maintenance, allowing you to enjoy passive income and peace of mind.

Don't miss out on this exclusive opportunity to invest in a property that can generate market rents of $2,000 and above. Secure your foothold in Grand Rapids' thriving rental market by submitting your offer directly to sarter@promiselandrealtyllc.com. Act now and start building a profitable portfolio in a prime location with strong rental potential.


Please note that this listing is exclusively available off-market, ensuring a unique opportunity for those who have access to this information. Take advantage of this hidden gem and contact us today to begin your journey towards maximizing your real estate investments.



Property Comps:





"Your #1 Source for Off Market Investment Properties, NATIONWIDE"




PROMISE LAND REALTY, LLC

Work: 864-762-2509


All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. *Realtors add your fee on top*

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