Homes for sale - 1870 Prairie Parkway SW, Wyoming, MI 49519

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Chris Hubel

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

$ 500,000

Est. payment -/mo

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Active

1870 Prairie Parkway SW Wyoming, MI 49519

4 Beds

0.28 Acres Lot

UPDATED:

12/02/2024 03:53 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 65024044859

Bedrooms 4

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1967

Annual Tax Amount $5,037

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 81 X 148

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. 1860 Prairie Parkway SW is also for sale. See sister 4 unit listings.

Location

State MI

County Kent

Area Wyoming Twp

Zoning Multi-Family

Direction Burlingame South Of 28th Street To Prairie Parkway, West To Property

Interior

Heating Hot Water

Cooling Window Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 4.0

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Wyoming

Others

Pets Allowed Yes

Tax ID 411715254002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Shawn Jacobs of MOXIE Real Estate + Development