2323 30th Street SW
$2,310,000
Description
2323 30th Street SW,
Wyoming,
MI
49519
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.
This is an Pending listing.
Broker Office Phone Number: 616-890-7794
Copyright © 2024Michigan Regional Information Center, LLC.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Amenities
- Wall or Window Air Conditioner(s)
- Composition Shingle Roof
Listing By: MOXIE Real Estate + Development via Data Source: Michigan Regional Information Center, LLC.
Multi Family
Property type
Price History
| date | price | variance | type |
|---|
| 9/12/2024 | $2,310,000 | - | Contract |
| 8/14/2024 | $2,310,000 | - | Listed |
listing agent: Shawn Jacobs
