2323 30th Street SW, Wyoming, MI 49519
$2,000,000 - Sold
- MLS#: 24042565
- Number of Units: 22
- Type: 5+ Units
- School District: Wyoming
- County: Kent
- Taxing Authority: City of Wyoming
About City of Wyoming
Wyoming, located just southwest of Grand Rapids, is much more than a suburb. It is a welcoming city located in the heart of West Michigan. Its prime location offers easy access to US-131, I-196, and the M-6 freeways. It also offers two major rail lines and is a perfect location for independent retailers. The cost of living in this tree-lined community is very affordable and residents enjoy many amenities. For instance, there are more than 600 acres of parkland featuring scenic walking and bike trails, playground equipment, covered picnic locations, river access, splash pad, athletic fields, dog park, and much more. In addition to outdoor activities, numerous events and activities are offered to residents of all ages. Residents in this community may be taking a tae kwon do class one day and participating in a progressive euchre tournament the next!
- Year Built: 1973
- Basement: Yes
- Air: Wall Unit(s)
- Lot Size: 0 X 0
- Square Footage: 0
- Exterior: Brick, Vinyl Siding
- Water: Public
- Acreage: 1.49
- Heat: Hot Water/Natural Gas
- PPN: 41-17-15-103-024
- Sewer: Public
- Water Body: None
- Water Features: None
- Utilities Attached: Electricity Connected,Natural Gas Connected
- Utilities Available at Street: Cable Available,Natural Gas Available,Phone Available,Public Sewer,Public Water
- Extras: None
- Lot Description:
- Frontage/Type: 0 / Street, 0 / Water
- Terms: Cash, Conventional
- Original Price: $2,310,000
- Complex Name:
- Association Amenities:
- Association Includes:
- Directions: S Off 28th St On Byron Center; E On 30th
- Property 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.
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