$485,000
1860 Prairie Parkway SW
Wyoming, MI, 49519
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.
Property Details
Price:
$485,000
MLS #:
24044856
Status:
Active
Beds:
0
Baths:
0
Address:
1860 Prairie Parkway SW
Type:
Single Family
Subtype:
2 to 4 Units
City:
Wyoming
Listed Date:
Dec 2, 2024
State:
MI
ZIP:
49519
Lot Size:
12,707 sqft / 0.29 acres (approx)
Year Built:
1967
Schools
School District:
Wyoming
Interior
Cooling
Window Unit(s)
Fireplaces Total
1
Heating
Hot Water
Exterior
Construction Materials
Brick
Parking Spots
4
Financial
Tax Year
2023
Taxes
$5,197
Mortgage Calculator
Map
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1860 Prairie Parkway SW
Wyoming, MI
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