$433,000
$482,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
0.28 Acres Lot
SOLD DATE : 02/28/2025
Key Details
Sold Price $433,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024044859
Sold Date 02/28/25
Bedrooms 4
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1967
Annual Tax Amount $5,037
Lot Size 0.280 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 Wyoming Twp
Zoning Multi-Family
Direction Burlingame South Of 28th Street To Prairie Parkway, West To Property
Interior
Heating Hot Water
Cooling Window Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Wyoming
Others
Pets Allowed Yes
Tax ID 411715254002
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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