Property Type:
Multi Family
Lot Size (sq. ft.):
64,699
Status:
Sold
Current Price:
$2,310,000
List Date:
8/15/2024
Last Modified:
12/04/2024
2323 30th Street SW, Wyoming, MI 49519
$2,000,000
Overview
Description
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.
Listing Details MLS# 24042565
Location Property Info
- County
- Kent
- Street #
- 2323
- Street Name
- 30th
- Suffix
- Street
- Post Direction
- SW
- State
- MI
- Zip Code
- 49519
- Zip (4)
- 2539
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 64699
- Lot Acres
- 1.49
- Lot Dimensions
- 0 X 0
- Year Built
- 1973
- New Construction
- No
- Cert of Compliance
- No
- Total # Units
- 22
- # of Diff Unit Floor Plans
- Yes
- Total # Bldgs
- 2
- Total Parking Spaces
- 35
- Waterfront
- No
- School District
- Wyoming
- Road Frontage
- 0
- Basement
- Yes
Tax Info
- Tax ID #
- 41-17-15-103-024
- Taxable Value
- 490015
- SEV
- 602700
- For Tax Year
- 2023
- Seller's Annual Property Tax
- 30357.25
- Tax Year
- 2023
- Spec Assessment & Ty
- NK
- Zoning
- R4
- Homestead %
- 0
Remarks Misc
- Directions
- S Off 28th St On Byron Center; E On 30th
Status Change Info
- Under Contract Date
- 2024-09-10
- Sold Date
- 2024-12-04
More Information
Access Feat
- Accessibility Features
- No
Unit 1
- Unit Description
- Avg - 2 BR
- Identical Units
- 22
- SqFt
- 850
- Occupied
- Yes
- Monthly Rent
- 994
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
Location & Property Info
- Cross Streets
- Byron Center Rd & Prairie Pkwy
- Property Sub-Type
- 5+ Units
- Area
- Grand Rapids - G
- Municipality
- City of Wyoming
Office/Contract Info
- Auction or For Sale
- For Sale
Remarks & Misc
- Legal
- LOT 5 * H AND M PLAT
Util Avail at Street
- Cable Available
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Public Sewer
- Yes
- Public Water
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Laundry Features
- Common Area
- Yes
- Gas Dryer Hookup
- Yes
- Laundry Room
- Yes
Exterior Material
- Brick
- Yes
- Vinyl Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Hot Water
- Yes
Air Conditioning
- Wall Unit(s)
- Yes
Tenant Pays
- Electric
- Yes
Substructure
- Other
- Yes
Owner Pays
- Gas
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Subject To Tenant Rights
- Yes
Property Features
Laundry Features:
Common Area; Gas Dryer Hookup; Laundry Room
Exterior Material:
Brick; Vinyl Siding
Roofing:
Composition
Substructure:
Other
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Natural Gas Connected
Util Avail at Street:
Cable Available; Natural Gas Available; Phone Available; Public Sewer; Public Water
Owner Pays:
Gas; Sewer; Trash Collection; Water
Tenant Pays:
Electric
Heat Source:
Natural Gas
Heat Type:
Hot Water
Air Conditioning:
Wall Unit(s)
Terms Available:
Cash; Conventional
Possession:
Subject To Tenant Rights
Sale Conditions:
None
Unit 1:
A/C Unit
Listing Office:
MOXIE Real Estate + Development
Listing Agent:
Shawn Jacobs
Last Updated: December - 04 - 2024
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
