$ 500,000
1860 Prairie Parkway Wyoming, MI 49519-2678
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$ 500,000
Est. payment /mo
Active
1860 Prairie Parkway Wyoming, MI 49519-2678
0.29 Acres Lot
UPDATED:
09/03/2024 03:10 PM
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70427300
Year Built 1967
Annual Tax Amount $5,197
Tax Year 2023
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 82 X 150
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. 1870 Prairie Parkway SW is also for sale. See sister 4 unit listings.
Location
State MI
County Kent
Area Update
Rooms
Basement Other
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Waterfront No
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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Listed by MOXIE Real Estate + Development