$2,000,000
$2,310,000
13.4%For more information regarding the value of a property, please contact us for a free consultation.
2323 30th Street SW Wyoming, MI 49519
1 Bed
1.49 Acres Lot
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024042565
Sold Date 12/04/24
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
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