2323 30th Street SW
Wyoming, MI 49519
1.49 acres | #24042565
Description
22 unit apartment building in a great location. All units are 2Br-1BA. There is coin-operated laundry and individual storage units, in each building. 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 or 1031 exchange. With limited true value add rental product and the possibility to build more units, makes this property an incredible value add opportunity. Buyer to verify feasibility with City if adding additional units is possible.
Property Details
- Acres1.49
Construction Details
- Property TypeMulti-Family
- BasementOther
Condition
- Year Built1973
Utilities / Energy Details
- Utility FeaturesPhone Available, Water Available, Sewer Available, Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Co
- Sewer InformationPublic Sewer
Community and Neighborhood Details
- School DistrictWyoming
- CountyKent
Financial Details
- Original List Price$2,310,000
- Days on Market (Cumulative)85
Other
- MLS #24042565
Location
Legal
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Last Updated: . Source: MichRIC
Listing Courtesy
Listing Agent: Shawn Jacobs (#gjaco1297)
Listing Office: MOXIE Real Estate + Development (#g176001)
Listing Courtesy (Buyer)
Buyer's Agent: Shawn Jacobs (#gjaco1297)
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.
