2323 30th Street SW, Wyoming, MI 49519 (MLS# 24042565)

2323 30th Street SW, Wyoming, MI 49519

$2,000,000

Property Type: Multi Family Lot Size (sq. ft.): 64,699 Status: Sold

Current Price: $2,000,000 List Date: 8/15/2024 Last Modified: 12/04/2024

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

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