2323 30th Street SW, Wyoming, MI 49519 (MLS # 24042565)

PRICE	$2,000,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	1.49 ac

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.

DAYS ON MARKET	112	LAST UPDATED	12/4/2024
YEAR BUILT	1973	COMMUNITY	Grand Rapids - G
COUNTY	Kent	STATUS	Sold
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	Wall Unit(s)
AIR CONDITIONING	Yes
AREA	Grand Rapids - G
BASEMENT	Other, Yes
CONSTRUCTION	Brick, Vinyl Siding
FIREPLACE	Yes
HEAT	Hot Water, Natural Gas
LOT	1.49 acre(s)
LOT DIMENSIONS	0 X 0
SEWER	Public Sewer
TAXES	30357.25
UTILITIES	Natural Gas Available, Phone Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available

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Listing provided by MOXIE Real Estate + Development, Shawn Jacobs

Updated 1/15/25 2:29 AM PST

Information Deemed Reliable But Not Guaranteed.

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