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TEDROS FREMICHAEL HOMES GR
POWERED BY GRAND RIVER REALTY
330 Fuller Ave NE, Grand Rapids, MI 49503 | (616) 821-8491
Bedrooms:
Bathrooms:
0
Square Feet:
Type:
5+ Units
County:
Kent
School District:
Wyoming
Year Built:
1969
Listing Type:
Multi Family
City:
Multi Family
1833 Prairie Parkway SW, Wyoming, MI 49519
$845,000
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 & 1870 Prairie Parkway SW are also for sale, see sister 4 unit listings
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