1860 Prairie Parkway SW
- - 3,876 SF building
- - 4 units
- - Built in 1967
- - Renovated in 2025
- - Located in Wyoming area
- - 100% occupancy
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $529,900 |
| No. of Units: | 4 |
| Year Built: | 1967 |
| Opportunity Zone: | No |
| Price per unit: | $132,475 |
| Property Website | Click Here |
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