Homes for sale - 1833 Prairie Parkway SW, Wyoming, MI 49519

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Chris Hubel

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

$ 850,000

Est. payment -/mo

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Active

1833 Prairie Parkway SW Wyoming, MI 49519

7 Beds

0.52 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 65024045084

Bedrooms 7

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1969

Annual Tax Amount $10,136

Lot Size 0.520 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 Wyoming Twp

Zoning Multi-Family

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

Interior

Heating Hot Water

Cooling Wall Unit(s), Window Unit(s)

Fireplace no

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Garage no

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick

Schools

School District Wyoming

Others

Pets Allowed Yes

Tax ID 411715253011

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Listed by Shawn Jacobs of MOXIE Real Estate + Development