2323 30th Street SW Wyoming, MI 49519
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyKent
- Taxes$30,357
- HOA/Condo/Coop Fees$0
- Days on Site40 Days
- MLS StatusPending
- MLS ID Number24042565
- Home Size Source N/A
- Year Built1973
- Lot Size1.49 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BrickVinyl Siding
- Parking Spaces 35
- Sewer Public Sewer
- Basement Other
- Acreage 1.49
- Zoning R4
- Cross Street Byron Center Rd & Prairie Pkwy
- Property Sub Type Multi Family
- Utilities Phone AvailableWater AvailableSewer AvailableNatural Gas AvailableCable AvailableNatural Gas ConnectedElectricity Connected
Interior Features
- Cooling Wall Unit(s)
- Heating Hot Water
- Fireplaces 2
- Laundry Features Common AreaGas Dryer HookupLaundry Room
- Fireplace Yes
Exterior Features
- Roof Composition
- Waterfront Property No
Community Features
- Township City of Wyoming
- MLS Area Grand Rapids - G