$849,900
Est. payment /mo
0.52 Acres Lot
Pending
1833 Prairie Pkwy SW City Of Wyoming, MI 49519
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 65026009302
Year Built 1969
Lot Size 0.520 Acres
Acres 0.52
Property Sub-Type MultiFamily
Property Description
7-unit apartment building offering a strong value-add opportunity with significant upside potential. Property is currently unoccupied, allowing for immediate access to complete renovations and lease units at market rents.The property would benefit from updates and improvements, making it well-suited for investors looking to reposition and stabilize an asset. Scope of improvements may vary depending on investor strategy.Previous rents ranged from $900-$1,500 per unit, with market rents estimated around $1,500 for 2-bedroom units and $1,800-$2,000 for the 3-bedroom unit.Located in an area with consistent rental demand, this property presents an excellent opportunity to increase income and build long-term value.Great option for both local and out-of-state investors looking to add to their portfolio. Sold as-is
Location
State MI
County Kent
Area Area41171Wyoming
Rooms
Basement Full
Interior
Heating Hot Water, Natural Gas
Cooling Wall Units, Window Units
Fireplace No
Exterior
Parking Features Paved
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Wyoming
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Jose L Morales of Epique Realty
NEARBY SCHOOLS & PROPERTIES
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