1833 Prairie SW Parkway Active Save Request In-Person Tour Request Virtual Tour
Wyoming,MI 49519
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24045084
Year Built 1969
Annual Tax Amount $10,136
Tax Year 2023
Lot Size 0.523 Acres
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 Grand Rapids - G
Interior
Heating Hot Water
Cooling Window Unit(s),Wall Unit(s)
Fireplaces Number 1
Exterior
Parking Features Paved
Utilities Available Cable Available,Natural Gas Connected,Electricity Connected
View Y/N No
Building
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Wyoming
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional