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4 unit apartment building in a great location. There are 3-2BR units and 1-1BR unit. There is coin-operated laundry and individual storage units. 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, house hack, rental investment or 1031 exchange. With limited true value add rental product on the market, it makes this property an incredible value add opportunity. 1870 Prairie Parkway SW is also for sale. See sister 4 unit listings.
a week ago | Listing updated with changes from the MLS® | |
a month ago | Status changed to Pending | |
3 months ago | Price changed to $482,000 | |
7 months ago | Listing first seen on site |
880 W. Broadway Ave.
Muskegon, MI 49441
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