$710,000
$849,900
16.5%For more information regarding the value of a property, please contact us for a free consultation.
1833 Prairie SW Parkway Wyoming, MI 49519
0.52 Acres Lot
Key Details
Sold Price $710,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality City of Wyoming
MLS Listing ID 26009302
Sold Date 09/01/26
Year Built 1969
Annual Tax Amount $10,516
Tax Year 2025
Lot Size 0.523 Acres
Acres 0.52
Lot Dimensions NA
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
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 portfolio. Sold as-is
Location
State MI
County Kent
Rooms
Basement Full
Interior
Heating Hot Water
Cooling Wall Unit(s), Window Unit(s)
Exterior
Parking Features Paved
Utilities Available Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Total Parking Spaces 10
Building
Structure Type Brick
New Construction No
Schools
School District Wyoming
Others
Tax ID 41-17-15-253-011
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Five Star Real Estate (Main)