1833 Prairie Pky SW - Apartments FOR SALE


Wyoming, MI 49519
$845,000 USD
989-980-7359
1833 Prairie Pky SW, Wyoming, MI for Sale
$845,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1833 Prairie Pky SW
Wyoming, MI 49519


OVERVIEW

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

FOR SALE DETAILS

PRICE

$845,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

7

PRICE/UNIT

$120,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,106 SF

ZONING

-

APN/PARCEL ID

41-17-15-253-011

ASK ABOUT THIS PROPERTY

Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

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Shawn JacobsMOXIE Real Estate + DevelopmentMore Info
989-980-7359

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.