Wyoming, MI 49519-2539,2323 30th Street
Wyoming, MI 49519-2539,2323 30th Street
Wyoming, MI 49519-2539,2323 30th Street
18
$2,000,000
$2,310,000
13.4%
Est.Price: ?

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1.49 Acres Lot

2323 30th Street Wyoming, MI 49519-2539

Est. payment /mo
SOLD DATE : 12/04/2024

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Key Details

Sold Price $2,000,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Mi

MLS Listing ID 70425020

Sold Date 12/04/24

Year Built 1973

Annual Tax Amount $30,357

Tax Year 2023

Lot Size 1.490 Acres

Acres 1.49

Lot Dimensions 0 X 0

Property 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.

Location

State MI

County Kent

Area Wyoming (41041)

Rooms

Basement Other

Interior

Heating Hot Water

Exterior

Exterior Feature Brick, Vinyl Siding

Building

Foundation Basement

Water Public Water

Structure Type Brick,Vinyl Siding

Schools

School District Wyoming Public Schools

Others

Energy Description Natural Gas

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash,Conventional

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MI RealSource (Lenawee County/Saginaw Board/Southeastern Border/Greater Shiawassee)
Listed by MOXIE Real Estate + Development
Bought with MOXIE Real Estate + Development

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agent

David Wietecha

Agent | License ID: 6501453131

+1(586) 722-6737

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