$430,500
$450,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
1860 Prairie SW Parkway Wyoming, MI 49519
0.29 Acres Lot
Key Details
Sold Price $430,500
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Wyoming
MLS Listing ID 24044856
Sold Date 05/30/25
Year Built 1967
Annual Tax Amount $5,197
Tax Year 2023
Lot Size 0.292 Acres
Acres 0.29
Lot Dimensions 82 X 150
Property Sub-Type 2 to 4 Units
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. 1870 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
Structure Type Brick
New Construction No
Schools
School District Wyoming
Others
Tax ID 41-17-15-254-003
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with MOXIE Real Estate + Development