2320 30th Street SW 2361, Wyoming, MI 49519

$2,070,000
Property Type: Multi Family Status: Sold
Current Price: $2,200,000 List Date: 1/08/2018 Last Modified: 10/07/2021

Description

Executive Estates Apartments is an apartment community built in 1971, 40 units - 4 Garden-Style buildings. 2 Buildings have 12 units each on one parcel, the other 2 buildings have 8 units each on their own parcel. This property has had extensive updates done to most of the units bringing the rent up from an average of $550/month to an average of $685/month. The last unit rented for $800/month. This is a turn-key investment. The current management company has a manager and a maintenance person on-site. Arrangements can be made to keep the management company in place and operate the property. Looking for a larger property to add to your portfolio? No problem. The sellers will work with investors looking to do a 1031 exchange.

More Information MLS# 18000698

Location & Property Info

Unit #: 2361 Cross Streets: Byron Center Ave SW Property Sub-Type: 5+ Units Municipality: City of Wyoming

Office/Contract Info

Auction or For Sale: For Sale

General Property Info

New Construction: No Lot Dimensions: NA Road Frontage: 0 Cert of Compliance: No Waterfront: No Basement: No Total # Units: 40 # of Diff Unit Floor Plans: 1 Total # Bldgs: 4 Total Parking Spaces: 80 School District: Wyoming Lot Measurement: Acres Year Built: 1971

Tax Info

Taxable Value: 694493 SEV: 808300 For Tax Year: 2017 Seller's Annual Property Tax: 40700 Tax Year: 2017 Homestead %: 0 Spec Assessment & Ty: N/A Zoning: NA Tax ID #: 41-17-15-103-023 /026 /027

Remarks & Misc

Legal: LOT 4. H AND M PLAT, LOT 3. H AND M PLAT, LOT 6. H AND M PLAT

Street Type

Paved: 1

Util Avail at Street

Cable Available: 1 Electricity Available: 1 Natural Gas Available: 1 Phone Available: 1 Public Sewer: 1 Public Water: 1 Storm Sewer: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Assumable: 1 Cash: 1 Conventional: 1

Exterior Material

Brick: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Baseboard: 1 Radiant: 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1

Driveway

Paved: 1

Substructure

Daylight: 1

Extras

Laundry Facility: 1 Sep Electric Meter: 1

Owner Pays

Gas: 1 Sewer: 1 Trash Collection: 1 Water: 1

Unit 1

Unit #: 40 Unit Description: 2 bedroom Identical Units: 40 SqFt: 792 Occupied: Yes Monthly Rent: 705 Bedrooms: 2 Bathrooms: 1 Range Oven: 1 Refrigerator: 1

Possession

Subject To Tenant Rights: 1

Location Property Info

County: Kent Street #: 2320 Street Name: 30th Suffix: Street Post Direction: SW State: MI Zip Code: 49519 Area: Grand Rapids - G

OfficeContract Info

Status: Sold Current Price: $2,070,000 List Price: $2,200,000 Listing Date: 2018-01-08

Remarks Misc

Directions: S of 28th st, E of Byron Center

Status Change Info

Under Contract Date: 2018-01-23 Sold Date: 2018-09-18 Sold Price: $2,070,000

Property Features

Exterior Material: Brick Roofing: Composition Substructure: Daylight Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Public Sewer; Public Water; Storm Sewer Extras: Laundry Facility; Sep Electric Meter Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Baseboard; Radiant Driveway: Paved Street Type: Paved Terms Available: Assumable; Cash; Conventional Possession: Subject To Tenant Rights Sale Conditions: None Unit 1: Range Oven; Refrigerator

Documents

Listing Office: Compass Realty Services
Listing Agent: Mark Troy
IDX
Last Updated: October - 07 - 2021
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