Wyoming, MI 49519 1860 Prairie Parkway SW
$500,000
5 more
Presented By: Shawn Jacobs at MOXIE Real Estate + Development - (616) 890-7794
Home Details
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.
Presented By: Shawn Jacobs at MOXIE Real Estate + Development - (616) 890-7794
Interior Features for 1860 Prairie Parkway SW
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
BasementFull, Other
Basement (Y/N)Yes
Heating Y/NYes
Total Fireplaces1
General for 1860 Prairie Parkway SW
Additional Parcels Y/NNo
CityWyoming
Construction MaterialsBrick
CoolingWindow Unit(s)
CountyKent
DirectionsBurlingame South Of 28th Street To Prairie Parkway, West To Property
Electric On Property Y/NNo
HeatingHot Water
High School DistrictWyoming
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLOT 23 EX W 1.5 FT * ROOSIEN ADDITION NO. 1
Lot Size Square Feet12707.0
Lot Size UnitsAcres
MLS AreaGrand Rapids - G
MLS Area MinorGrand Rapids - G
MobileHomeRemainsYNNo
ModificationTimestamp2024-09-03T14:51:11Z
New ConstructionNo
NumberOfUnitsTotal4
OwnerPaysTrash Collection, Water, Sewer, Gas
PossessionClose Of Escrow
Property SubType2 to 4 Units
Property TypeMulti Family
Rent Control Y/NNo
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount5197.14
Tax Assessed Value83892
Tax Year2023
Tenant PaysElectric
TermsCash, Conventional
TownshipCity of Wyoming
UtilitiesCable Available, Natural Gas Connected, Electricity Connected
Waterfront Y/NNo
Year Built1967
Zoning DescriptionR-4
Exterior for 1860 Prairie Parkway SW
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions82 X 150
Lot Size Acres0.29
Lot Size Area0.29
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Additional Details
Price History
Misty Walker
Broker
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License #543277