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$ 845,000
Est. payment | /mo
0.52 Acres Lot
$ 845,000
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70427529
Year Built 1969
Annual Tax Amount $10,136
Tax Year 2023
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions NA
Property Sub-Type Multi-Family
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 (41041)
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Building
Foundation Basement
Water Public Water
Structure Type Brick
Schools
School District Wyoming Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
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Listed by MOXIE Real Estate + Development