$845,000
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1833 Prairie Pkwy SW Wyoming, MI 49519
0.52 Acres Lot
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024045084
Year Built 1969
Lot Size 0.520 Acres
Property Sub-Type MultiFamily
Property 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
Location
State MI
County Kent
Area Area41171Wyomingtwp
Interior
Heating HotWater, NaturalGas
Cooling WallUnits, WindowUnits
Exterior
Parking Features Paved
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Wyoming
School District Wyoming
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Kent County Real Estate LLC