1870 Prairie Parkway Active

Wyoming,MI 49519-2600

$ 500000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Mi

MLS Listing ID 70427303

Year Built 1967

Annual Tax Amount $5,037

Tax Year 2023

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 81 X 148

Property 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.

Location

State MI

County Kent

Area Wyoming (41041)

Rooms

Basement Other

Interior

Heating Hot Water

Exterior

Exterior Feature Brick

Building

Foundation Basement

Water Public Water

Structure Type Brick

Schools

School District Wyoming Public Schools

Others

Energy Description Natural Gas

Financing Cash,Conventional

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