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33531658
33531661

1833 Prairie Parkway Southwest, Wyoming, MI 49519

JM
MI 6501425205
$849,900
2 days on market
Updated 1 day ago

1833 Prairie Parkway Southwest

Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Units 1
Tenancy Vacant
Class C
Year Built 1969
Buildings 1
Acreage 0.520
Zoning R-4
Parking Spaces per unit

7-Unit Value-Add Opportunity | Vacant | Significant Rental Upside

Marketing description

7-unit apartment building offering a strong value-add opportunity with significant upside potential. Property is currently unoccupied and presents an opportunity for investors to complete renovations and lease units at market rents.

The building shows deferred maintenance and will require updates, making it well-suited for investors looking to reposition and stabilize an asset. Scope may vary depending on investor strategy, but opportunity exists to improve condition and increase overall income.

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 offers strong potential for those looking to execute a value-add strategy and build long-term cash flow.

Sold as-is.

Units available for tour with proof of funds. Financials and rent roll upon request. Property being sold AS-IS

Listing Contacts

JM
MI 6501425205

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Additional Information

Name
Jose Morales
License
6501425205
Brokerage
Epique Realtu
Brokerage Phone
6166489337
Title
Real Estate Salesperson
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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