Properties for sale in Michigan

2320 30th Street SW 2361, Wyoming, MI 49519

$2,070,000

Property Type: Multi Family Status: Sold

Current Price: $2,070,000 List Date: 1/08/2018 Last Modified: 10/07/2021

Overview

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.

Listing Details MLS# 18000698

Location Property Info

County: Kent
Street #: 2320
Street Name: 30th
Suffix: Street
Post Direction: SW
State: MI
Zip Code: 49519

General Property Info

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

Tax Info

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

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

More Information

Access Feat

Accessibility Features: No

Unit 1

Unit #: 40
Unit Description: 2 bedroom
Identical Units: 40
SqFt: 792
Occupied: Yes
Monthly Rent: 705
Bathrooms: Yes

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

Expenses ›

Listing Office: Compass Realty Services

Listing Agent: Mark Troy

Last Updated: October - 07 - 2021

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