MI > Wyoming
Wyoming, MI 49519,1870 Prairie SW Parkway
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Wyoming, MI 49519,1870 Prairie SW Parkway
Wyoming, MI 49519,1870 Prairie SW Parkway
Wyoming, MI 49519,1870 Prairie SW Parkway
Wyoming, MI 49519,1870 Prairie SW Parkway
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Shannon Prain

Shannon Prain

+1(517) 937-7834
$ 500,000
Est. payment /mo
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Active

1870 Prairie SW Parkway Wyoming, MI 49519

0.28 Acres Lot

UPDATED:

12/02/2024 02:42 PM

Key Details

Property Type Multi-Family

Sub Type 2 to 4 Units

Listing Status Active

Purchase Type For Sale

Municipality City of Wyoming

MLS Listing ID 24044859

Year Built 1967

Annual Tax Amount $5,037

Tax Year 2023

Lot Size 0.279 Acres

Acres 0.28

Lot Dimensions 81 X 148

Property Description

4 unit apartment building in a great location. There are 3-2BR units and 1-1BR unit. There is coin-operated laundry and individual storage units. 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, 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 Prairie Parkway SW is also for sale. See sister 4 unit listings.

Location

State MI

County Kent

Area Grand Rapids - G

Direction Burlingame South Of 28th Street To Prairie Parkway, West To Property

Rooms

Basement Full, Other

Interior

Heating Hot Water

Cooling Window Unit(s)

Fireplaces Number 1

Exterior

Utilities Available Cable Available, Natural Gas Connected, Electricity Connected

View Y/N No

Total Parking Spaces 4

Building

Sewer Public Sewer

Structure Type Brick

New Construction No

Schools

School District Wyoming

Others

Tax ID 41-17-15-254-002

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by MOXIE Real Estate + Development

Shannon Prain

Broker Associate | License ID: 6506046723

+1(517) 937-7834

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1870 Prairie SW Parkway