Sold
2323 30th Street SW
Wyoming MI, 49519
$2,000,000
Sold
Other
Built in 1973
Courtesy of Shawn Jacobs, MOXIE Real Estate + Development
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.
24042565
MLSⓇ ID
August 15, 2024
Listed
December 4, 2024
Updated
Map
2323 30th Street SW
Wyoming MI, 49519
Interior Features
Laundry Description
Common Area, Gas Dryer Hookup, Laundry Room
Fireplace
Yes
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Hot Water
Exterior/Building Features
Lot Size
1.49 Acres
Roof
Composition
Sewer
Public Sewer
School Information
School District
Wyoming
Other Property Details
Area Name
Grand Rapids - G
Taxes
$30,357
Tax Frequency
Annually
Days on Market
27
Garage
No
Parking Total
35
View
No
County
Kent
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
12/4/2024 | Sold | $2,000,000 |
9/12/2024 | Pending | — |
Courtesy of MOXIE Real Estate + Development
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Data last updated 12/4/2024