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$850,000

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0.52 Acres Lot

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1833 Prairie SW Parkway Wyoming, MI 49519

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Samantha Hillery

[email protected] +1(248) 917-6460

UPDATED:

01/14/2025 03:32 PM

Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality City of Wyoming

MLS Listing ID 24045084

Year Built 1969

Annual Tax Amount $10,136

Tax Year 2023

Lot Size 0.523 Acres

Acres 0.52

Lot Dimensions NA

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

Direction 28th St To Burlingame, South To Prairie Parkway, West On Prairie Parkway On North Side.

Rooms

Basement Full

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

Total Parking Spaces 10

Building

Sewer Public Sewer

Structure Type Brick

New Construction No

Schools

School District Wyoming

Others

Tax ID 41-17-15-253-011

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by MOXIE Real Estate + Development

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Samantha Hillery

Founder/Realtor | License ID: 6501419544

+1(248) 917-6460

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1833 Prairie SW Parkway Wyoming, MI 49519

Samantha Hillery

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1833 Prairie SW Parkway