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

The IDX display contains information sourced from the MichRIC® as of 12/4/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated 12/4/2024

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