1833 Prairie Pkwy SW, Wyoming, Michigan, United States

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Home For Sale

$850,000

1833 Prairie Pkwy SW
Wyoming, Michigan, United States

Listed By: Realtyww Info

Listed On: 08/29/2024

Listing ID: GL11385534 View More Details

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 and 1870 Prairie Parkway SW are also for sale, see sister 4 unit listings.

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Listed by: Shawn Jacobs