1833 Prairie Parkway SW, Wyoming, MI 49519
- $700,000
- Sold Price
- $700,000
- List Price
- $845,000
- Closing Date
- May 12, 2025
- Days on Market
- 169
- MLS#
- 24045084
- Status
- SOLD
- Type
- Multifamily
- Neighborhood
- Grand Rapids - G
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
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Additional Information
- Owner Pays
- Gas, Sewer, Trash Collection, Water
- Taxes
- $10,136
- Acres
- 0.52
- Basement
- Full
- Heating
- Hot Water
- School District
- Wyoming
- Sewer
- Public Sewer
- Tenant Pays
- Electricity
- Total Parking Spaces
- 10
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available
- Water
- Public
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Listing courtesy of Listing Agent: Shawn Jacobs from Listing Office: MOXIE Real Estate + Development.
Selling Agent: Selling Office: .
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