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$537,500
Est. payment /mo
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
MLS Listing ID 65026032644
Year Built 1967
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type MultiFamily
Property Description
MOXIE Multifamily is pleased to exclusively offer this updated 4-unit apartment building for sale -- perfectly positioned for your next rental investment.The property features three 2-bedroom units and one 1-bedroom unit. Significant renovations include updated units, newer windows, new gutters, a new fence, and updated LED lighting, offering investors a well-maintained asset with reduced near-term capital expenditure needs.Additional amenities include coin-operated laundry and individual storage units. Electrical is individually metered; the owner currently covers heat (boiler), water/sewer, and trash.With rents below market, there is a clear value-add opportunity as leases expire. Implementing a RUBS program offers further upside by recapturing utility expenses.Whether you're seeking a house hack, 1031 exchange, cost segregation opportunity, or a solid rental investment -- this property checks all the boxes. Don't miss this great addition to your portfolio.
Location
State MI
County Kent
Area Area41171Wyoming
Rooms
Basement Full
Interior
Interior Features Storage
Heating Hot Water, Natural Gas
Cooling Window Unit(s)
Fireplace No
Laundry CommonArea, LaundryRoom
Exterior
Parking Features Carport, SharedDriveway
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Wyoming
Others
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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Listed by Shawn Jacobs of MOXIE Real Estate + Development
NEARBY SCHOOLS & PROPERTIES
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