1833 Prairie Pkwy SW, City Of Wyoming, MI 49519

$849,900

Est. payment /mo
Est.Price: ?

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1833 Prairie Pkwy SW City Of Wyoming, MI 49519

0.52 Acres Lot

SOLD DATE : 09/01/2026

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 65026009302

Sold Date 09/01/26

Year Built 1969

Lot Size 0.520 Acres

Acres 0.52

Property Sub-Type MultiFamily

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 Area41171Wyoming

Rooms

Basement Full

Interior

Heating Hot Water, Natural Gas

Cooling Wall Units, Window Units

Fireplace No

Exterior

Parking Features Paved

Utilities Available ElectricityConnected, NaturalGasConnected

View Y/N No

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Wyoming

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Realcomp MLS
Listed by Jose L Morales of Epique Realty
Bought with Five Star Real Estate (Main)

Nearby Locations

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