1833 Prairie Parkway SW Wyoming, MI 49519
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
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyKent
- Taxes$10,136
- HOA/Condo/Coop Fees$0
- Days on Site32 Days
- MLS StatusActive
- MLS ID Number24045084
- Home Size Source N/A
- Year Built1969
- Lot Size0.52 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Brick
- Parking Paved
- Parking Spaces 10
- Sewer Public Sewer
- Basement Full
- Acreage 0.52
- Zoning R-4
- Cross Street Taft Ave SW
- Property Sub Type Multi Family
- Attached Garage No
- Utilities Cable AvailableNatural Gas ConnectedElectricity Connected
Interior Features
- Cooling Window Unit(s)Wall Unit(s)
- Heating Hot Water
- Fireplaces 1
- Fireplace Yes
Exterior Features
- Waterfront Property No
Community Features
- Township City of Wyoming
- MLS Area Grand Rapids - G