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1833 Prairie Parkway SW Wyoming, MI 49519
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Key Details
Sold Price $700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 65024045084
Sold Date 05/12/25
Bedrooms 7
Year Built 1969
Annual Tax Amount $10,136
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions NA
Source Greater Regional Alliance of REALTORS®
Property Description
7 unit apartment building in a great location. With several Capex projects just completed, there are minimal capital expenditures needed. There are 6-2BR units and 1-3BR unit. Coin-operated laundry. The electrical is individually metered 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 & 1870 Prairie Parkway SW are also for sale, see sister 4 unit listings
Location
State MI
County Kent
Area Wyoming Twp
Zoning Multi-Family
Direction 28th St To Burlingame, South To Prairie Parkway, West On Prairie Parkway On North Side.
Interior
Heating Hot Water
Cooling Wall Unit(s), Window Unit(s)
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary)
Water Public (Municipal)
Structure Type Brick
Schools
School District Wyoming
Others
Pets Allowed Yes
Tax ID 411715253011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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