1860 Prairie SW Parkway Wyoming, MI 49519
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Active
Purchase Type For Sale
Municipality City of Wyoming
MLS Listing ID 26032644
Year Built 1967
Annual Tax Amount $5,383
Tax Year 2025
Lot Size 0.292 Acres
Acres 0.29
Lot Dimensions 2 X 150
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
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
Direction Burlingame South Of 28th Street To Prairie Parkway, West To Property
Rooms
Basement Full, Other
Interior
Heating Hot Water
Cooling Window Unit(s)
Laundry Laundry Room
Exterior
Utilities Available Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Composition
Total Parking Spaces 4
Building
Structure Type Brick
New Construction No
Schools
School District Wyoming
Others
Tax ID 41-17-15-254-003
Acceptable Financing FHA, Cash, Conventional
Listing Terms FHA, Cash, Conventional
NEARBY SCHOOL & BUSINESS
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