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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:

2 to 4 Units

County:

Kent

School District:

Wyoming

Year Built:

1967

Listing Type:

Multi Family

City:

Multi Family

1870 Prairie Parkway SW, Wyoming, MI 49519

$482,000

Description

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. 1860 Prairie Parkway SW is also for sale. See sister 4 unit listings.

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