1860 Prairie Pky SW - Apartments FOR SALE


Wyoming, MI 49519
$450,000 USD
989-980-7359
1860 Prairie Pky SW, Wyoming, MI for Sale
$450,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

1860 Prairie Pky SW
Wyoming, MI 49519


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

1

PRICE/UNIT

$450,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1860 Prairie Pkwy SW

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R4

APN/PARCEL ID

41-17-15-254-003

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.