By: Deborah Johnson Wood
Michelle Mulder grew up in Grand Rapids, graduated from Calvin College, and headed to Chicago in search of career opportunities. Now, with 18 years and millions of dollars of big-city property development experience, Mulder and her business partners, Revolution Investment Partners, have tapped into West Michigan's growing economy with the purchase of the building located at 23 College Avenue SE.
Renamed Avenue 23, the 1960s-era former apartment building offers urban condo conversions geared toward the needs and financial resources of first-time homebuyers.
"I've been wanting to do something in Grand Rapids for a while," Mulder said. "We've been watching the pulse. Grand Rapids is getting a very urban feel."
The 20 one-bedroom units are just 650 square feet each, but they come complete with a new kitchen and appliances, a new bath, new windows and doors, bamboo and ceramic tile floors, walk-in closets, individual heat controls, and central air. Upper level residences have private balconies. Each condo purchase includes deeded, onsite parking.
Prices range from $88,375 to $112,900. The higher-priced residences are end units with stainless steel appliances, granite countertops, and hardwood floors throughout.
"We've spent a lot of time developing relationships with bankers and realtors," Mulder said. "We're looking around the area for more residential and possibly retail and mixed use. It's amazing what's going on in Grand Rapids over the past few years."
Source: Michelle Mulder, Revolution Investment Partners; David Mapes, Coldwell Banker AJS-Schmidt
www.revolutioninvestment.com
Photo and rendering courtesy of Michell Mulder
Deborah Johnson Wood is the development news editor for Rapid Growth Media. She can be reached at [email protected].
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