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2323 30th Street Wyoming, MI 49519-2539
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Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70425020
Sold Date 12/04/24
Year Built 1973
Annual Tax Amount $30,357
Tax Year 2023
Lot Size 1.490 Acres
Acres 1.49
Lot Dimensions 0 X 0
Property Sub-Type Multi-Family
Property Description
22 unit apartment building in a great location. All units are 2Br-1BA. There is coin-operated laundry and individual storage units, in each building. 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 or 1031 exchange. With limited true value add rental product and the possibility to build more units, makes this property an incredible value add opportunity. Buyer to verify feasibility with City if adding additional units is possible.
Location
State MI
County Kent
Area Wyoming (41041)
Rooms
Basement Other
Interior
Heating Hot Water
Exterior
Exterior Feature Brick, Vinyl Siding
Building
Foundation Basement
Water Public Water
Structure Type Brick,Vinyl Siding
Schools
School District Wyoming Public Schools
Others
Energy Description Natural Gas
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Bought with MOXIE Real Estate + Development