1833 Prairie Parkway SW, Wyoming, MI 49519
$710,000 - Sold
- MLS#: 26009302
- Number of Units: 7
- Type: 5+ Units
- School District: Wyoming
- County: Kent
- Taxing Authority: City of Wyoming
About City of Wyoming
Wyoming, located just southwest of Grand Rapids, is much more than a suburb. It is a welcoming city located in the heart of West Michigan. Its prime location offers easy access to US-131, I-196, and the M-6 freeways. It also offers two major rail lines and is a perfect location for independent retailers. The cost of living in this tree-lined community is very affordable and residents enjoy many amenities. For instance, there are more than 600 acres of parkland featuring scenic walking and bike trails, playground equipment, covered picnic locations, river access, splash pad, athletic fields, dog park, and much more. In addition to outdoor activities, numerous events and activities are offered to residents of all ages. Residents in this community may be taking a tae kwon do class one day and participating in a progressive euchre tournament the next!
- Year Built: 1969
- Basement: Yes
- Air: Wall Unit(s),Window Unit(s)
- Lot Size: NA
- Square Footage: 0
- Exterior: Brick
- Water: Public Water4
- Acreage: .52
- Heat: Hot Water/Natural Gas
- PPN: 41-17-15-253-011
- Sewer: Public Sewer5
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Cable Available
- Extras: Sep Electric Meter
- Lot Description:
- Frontage/Type: 0 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $900,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions:
- 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 portfoli
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