Hopson Flats (“Hopson Flats”) is located in Downtown Grand Rapids at the intersection of Grandville Ave SW and Williams St SW across the street from Founders Brewing and across the river from Grand Valley State University’s Grand Rapids campus. Additionally, Hopson Flats is in the immediate vicinity of two major development projects currently in the works for downtown Grand Rapids. First, 201 Market is a 15.8-acre river front property on Market Ave & US-131. The winning proposal from Flaherty & Collins includes four buildings, which would be built in three phases. Three of the buildings would line Market Avenue, leaving space for a riverfront plaza and park along the Grand. Overall, the site would include a grocery store, luxury hotel, multiple mixed-use residential and retail buildings, a riverfront plaza and walkway along the Grand. Two of the buildings would also include 64 units set aside as affordable options for families – with rents capped for families who earn between 30 and 60 percent of the Area Median Income (AMI).
Hopson Flats consists of 45 units/152 beds and 1 office suite and is located in Grand Rapids, Michigan. Hopson Flats was built in 1905 and offers 44 two-, three- and four-bedroom loft-style apartments with wood floors and high ceilings. All utilities, including heat, electricity, and air conditioning, are included with your lease! Other amenities include free high-speed Internet, free cable TV, optional in-unit Ethernet for gamers, convenient parking, fitness center, quiet reading lounge, entertainment/game room, laundry facilities, and more.Hopson Flats rents by the bed or entire flats which consists of a very attractive unit mix of ten 890-930 ft.2 two-bedroom units, four 1140 ft.2 three-bedroom units, twenty-two 1,350-1,520 ft.2 four–bedroom units, and eight 1,525-1,545 ft.2 four-bedroom corner units. Notable for investors is the exception condition of this asset and the numerous upgrades it’s received, such as new windows, new entry doors, exterior painting, and numerous unit upgrades including flooring and kitchen cabinets.