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$ 849,900
Est. payment | /mo
0.52 Acres Lot
$ 849,900
Est. payment | /mo
0.52 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Mi
MLS Listing ID 70518985
Year Built 1969
Annual Tax Amount $10,516
Tax Year 2025
Lot Size 0.520 Acres
Acres 0.52
Lot Dimensions NA
Property Sub-Type Multi-Family
Property Description
7-unit apartment building offering a strong value-add opportunity with significant upside potential. Property is currently unoccupied, allowing for immediate access to complete renovations and lease units at market rents.The property would benefit from updates and improvements, making it well-suited for investors looking to reposition and stabilize an asset. Scope of improvements may vary depending on investor strategy.Previous rents ranged from $900-$1,500 per unit, with market rents estimated around $1,500 for 2-bedroom units and $1,800-$2,000 for the 3-bedroom unit.Located in an area with consistent rental demand, this property presents an excellent opportunity to increase income and build long-term value.Great option for both local and out-of-state investors looking to add to their portfolio. Sold as-is
Location
State MI
County Kent
Area Wyoming (41041)
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Building
Foundation Basement
Structure Type Brick
Schools
School District Wyoming Public Schools
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Epique Realty
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