Homes for sale - 2323 30th Street SW, Wyoming, MI 49519

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Chris Hubel

chris@chrishubel.com +1(248) 568-6030

$ 2,310,000

Est. payment -/mo

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Pending

2323 30th Street SW Wyoming, MI 49519

1 Bed

1.49 Acres Lot

UPDATED:

11/12/2024 03:31 PM

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 65024042565

Bedrooms 1

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1973

Annual Tax Amount $30,357

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 Twp

Zoning Multi-Family

Direction S Off 28th St On Byron Center; E On 30th

Interior

Interior Features Laundry Facility

Heating Hot Water

Cooling Wall Unit(s)

Fireplace no

Heat Source Natural Gas

Laundry 1

Exterior

Garage Spaces 35.0

Roof Type Composition

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary), Sewer at Street

Water Public (Municipal), Water at Street

Structure Type Brick,Vinyl

Schools

School District Wyoming

Others

Pets Allowed Yes

Tax ID 411715103024

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Shawn Jacobs of MOXIE Real Estate + Development