1833 Prairie Parkway SW
Wyoming, MI 49519
0.52 acres | #24045084
Description
7 unit apartment building in a great location. With several Capex projects just completed, there are minimal capital expenditures needed. There are 6-2BR units and 1-3BR unit. Coin-operated laundry. The electrical is individually metered and owner pays for heat (boiler), water/sewer and trash. Rents are well below market. Value add opportunity to increase rents to market as leases expire and implement a utility bill back/RUBS program to recapture some of the utility expense. This could be a great opportunity for your next cost segregation study, house hack, rental investment or 1031 exchange. With limited true value add rental product on the market, it makes this property an incredible value add opportunity. 1860 & 1870 Prairie Parkway SW are also for sale, see sister 4 unit listings
Property Details
- Acres0.52
Construction Details
- Property TypeMulti-Family
- BasementFull
Condition
- Year Built1969
Utilities / Energy Details
- Utility FeaturesCable Available, Natural Gas Connected, Electricity Connected
- Sewer InformationPublic Sewer
Community and Neighborhood Details
- School DistrictWyoming
- CountyKent
Financial Details
- Original List Price$850,000
- Days on Market (Cumulative)65
Other
- MLS #24045084
Location
Legal
© MichRIC. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last Updated: . Source: MichRIC
Listing Courtesy
Listing Agent: Shawn Jacobs (#gjaco1297)
Listing Office: MOXIE Real Estate + Development (#g176001)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
