$430,500
$450,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
1860 Prairie Parkway Wyoming, MI 49519-2678
0.29 Acres Lot
Key Details
Sold Price $430,500
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70427300
Sold Date 05/30/25
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 Sub-Type Multi-Family
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 Wyoming (41041)
Rooms
Basement Other
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Building
Foundation Basement
Structure Type Brick
Schools
School District Wyoming Public Schools
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with MOXIE Real Estate + Development