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1860 Prairie Pky SW 4 Unit Apartment Building $537,500 ($134,375/Unit) Wyoming, MI 49519
Investment Highlights
- Well maintained 4 unit.
- Many capital improvements already completed.
- Value add potential with below market rents.
Executive Summary
Presented by MOXIE Multifamily, this updated 4-unit apartment building is perfectly positioned for your next rental investment. The property features three 2BR units and one 1BR unit, offering a strong unit mix in a great location. The building has undergone many renovations, including a several renovated units, some newer replacement windows, new gutters, fence, retaining wall, upgraded common area and exterior LED lighting and much more — offering investors a well-maintained asset with minimal near-term capital expenditure needs.
Additional amenities include coin-operated laundry and individual storage units, adding convenience for tenants and supplemental income potential. Electrical is individually metered, and the owner currently pay heat (boiler), water/sewer, and trash.
With rents still below market, there is a value-add opportunity to increase income as leases expire. Implementing a utility bill-back or RUBS program offers further upside by recapturing a portion of utility expenses on all units.
Whether you're looking for a house hack, a 1031 exchange vehicle, a cost segregation opportunity, or simply a solid rental investment, this property checks all the boxes. To learn more or arrange a confidential tour, contact us today.
Additional amenities include coin-operated laundry and individual storage units, adding convenience for tenants and supplemental income potential. Electrical is individually metered, and the owner currently pay heat (boiler), water/sewer, and trash.
With rents still below market, there is a value-add opportunity to increase income as leases expire. Implementing a utility bill-back or RUBS program offers further upside by recapturing a portion of utility expenses on all units.
Whether you're looking for a house hack, a 1031 exchange vehicle, a cost segregation opportunity, or simply a solid rental investment, this property checks all the boxes. To learn more or arrange a confidential tour, contact us today.
Property Facts
| Price | $537,500 | Building Class | C |
| Price Per Unit | $134,375 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 3,876 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 1967/2025 |
| Apartment Style | Garden | ||
| Zoning | R4 - Multi-family Residential | ||
| Price | $537,500 |
| Price Per Unit | $134,375 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 3,876 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1967/2025 |
| Zoning | R4 - Multi-family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,288 | - |
| 1+1 | 1 | $965.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 41-17-15-254-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $212,100 |
Property Taxes
Parcel Number
41-17-15-254-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$212,100
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1860 Prairie Pky SW
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