Scott Nurski and Craig Black of NAI Wisinski of West Michigan recently sold a 182-unit, Class-B apartment and townhome property in Grand Rapids, Michigan.
The team of Nurski and Black assisted ownership in identifying the improvements necessary to make the property more salable and give it a higher market value. The team interfaced with the onsite managers during the period the work was being completed. When the property went to market, sufficient community and unit improvements had been completed to prove a value-add opportunity was obtainable.
Foote Hills Apartments & Townhomes is nestled on 19.24 acres with a pool and fitness center in a newly remodeled clubhouse. The property is conveniently located near major retailers and downtown Grand Rapids. The property is only a 6-minute drive to Gerald R. Ford International Airport and is within 15-minutes of both the new Amazon fulfillment center and the Switch hyperscale data center ecosystem.
Nurski and Black, assisted by Jamey Casey, represented both the buyer and the seller in this transaction.
