1870 Prairie Parkway SW
Wyoming, MI 49519
0.28 acres | #24044859
Description
4 unit apartment building in a great location. There are 3-2BR units and 1-1BR unit. There is coin-operated laundry and individual storage units. The electrical has individual meters 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 Prairie Parkway SW is also for sale. See sister 4 unit listings.
Property Details
- Acres0.28
Construction Details
- Property TypeMulti-Family
- BasementOther, Full
Condition
- Year Built1967
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$500,000
- Days on Market (Cumulative)24
Other
- MLS #24044859
Location
Legal
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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.
