1860 Prairie Parkway SW, Wyoming, MI 49519 (MLS # 24044856)

PRICE	$485,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	12,633 sqft

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. 1870 Prairie Parkway SW is also for sale. See sister 4 unit listings.

DAYS ON MARKET	100	LAST UPDATED	12/2/2024
YEAR BUILT	1967	COMMUNITY	Grand Rapids - G
COUNTY	Kent	STATUS	Active
PROPERTY TYPE(S)	Multi Family

PRICE HISTORY
Prior to Oct 30, '24	$500,000
Oct 30, '24 - Today	$485,000

ADDITIONAL DETAILS
AIR	Window Unit(s)
AIR CONDITIONING	Yes
AREA	Grand Rapids - G
BASEMENT	Full, Other, Yes
CONSTRUCTION	Brick
FIREPLACE	Yes
HEAT	Hot Water, Natural Gas
LOT	0.29 acre(s)
LOT DIMENSIONS	82 X 150
SEWER	Public Sewer
TAXES	5197.14
UTILITIES	Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected
ZONING	R-4

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Listing provided by MOXIE Real Estate + Development, Shawn Jacobs

Updated 12/4/24 12:29 AM PST

Information Deemed Reliable But Not Guaranteed.

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