1860 Prairie Parkway SW, Wyoming, Michigan, 49519
0.29 Acres
7 bd
#26032644
MOXIE Multifamily is pleased to exclusively offer this updated 4-unit apartment building for sale -- perfectly positioned for your next rental investment. The property features three 2-bedroom units and one 1-bedroom unit. Significant renovations include updated units, newer windows, new gutters, a new fence, and updated LED lighting, offering investors a well-maintained asset with reduced near-term capital expenditure needs. Additional amenities include coin-operated laundry and individual storage units. Electrical is individually metered; the owner currently covers heat (boiler), water/sewer, and trash. With rents below market, there is a clear value-add opportunity as leases expire. Implementing a RUBS program offers further upside by recapturing utility expenses. Whether you're seeking a house hack, 1031 exchange, cost segregation opportunity, or a solid rental investment -- this property checks all the boxes. Don't miss this great addition to your portfolio.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Shared Driveway, Paved
- Parking Total: 4
- Zoning Description : R-4
- Cooling on Property:
- Cooling: Window Unit(s)
- Heating on Property:
- Heating : Natural Gas, Hot Water
- Construction Materials: Brick
- Roof: Composition
- Basement Description : Full, Other
- Basement on Property:
- Laundry Features : Laundry Room
- Other Structures: Storage
PROPERTY DETAILS
ID: 26032644
Status: Active
Price: $529,900
Acres: 0.29 Acres
Price Per Acre: $1,827,241
Type: Multi-family
Address: 1860 Prairie Parkway SW
City, State: Wyoming, Michigan
County: Kent
Zip Code: 49519
Lat/Long: 42.908277, -85.711304
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