Sold

$2,000,000

2323 30th St SW, Wyoming, MI 49519

2beds

1baths

850sqft

5+ Units

Built in 1973

-- sqft lot

$1,579,300 Zestimate^®

$2,353/sqft

$1,312 Estimated rent

Home value

$1,579,300

$1.39M - $1.85M

$1,312/mo

Zestimate^® history

Owner options

List your home for rent

$1,312/mo

Rent Zestimate^®

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$1,312/mo

Rent Zestimate^®

Refinance and save

$10,272/mo

Est. payment

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$10,272/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1

Heating

Hot Water

Cooling

Wall Unit(s)

Appliances

Laundry: Common Area, Gas Dryer Hookup, Laundry Room

Features

Basement: Other

Interior area

Total interior livable area: 850 sqft

Property

Parking

Total spaces: 35

Lot

Size: 1.49 Acres

Details

Parcel number: 411715103024
Zoning description: R4

Construction

Type & style

Home type: MultiFamily
Property subtype: 5+ Units

Materials

Brick, Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1973

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Phone Available, Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected

Community & HOA

Location

Region: Wyoming

Financial & listing details

Price per square foot: $2,353/sqft
Tax assessed value: $490,015
Annual tax amount: $30,357
Date on market: 8/15/2024
Listing terms: Cash,Conventional
Tenant pays: Electricity
Electric utility on property: Yes

Price history

Date	Event	Price
12/4/2024	Sold	$2,000,000-13.4%$2,353/sqft
Source: MichRIC #24042565 Report a problem
9/12/2024	Pending sale	$2,310,000$2,718/sqft
Source: MichRIC #24042565 Report a problem
8/15/2024	Listed for sale	$2,310,000$2,718/sqft
Source: MichRIC #24042565 Report a problem
6/21/2018	Listing removed	$800$1/sqft
Source: American Preferred Management Report a problem
10/30/2017	Listed for rent	$800+18.5%$1/sqft
Source: American Preferred Management Report a problem
7/24/2015	Listing removed	$675$1/sqft
Source: Compass Property Management Report a problem
7/17/2015	Listed for rent	$675$1/sqft
Source: Compass Property Management Report a problem