Apartment Acquisitions · Wyoming
Sell Your Commercial Property In Wyoming, MI
From Kentwood to Byron Center, we buy Wyoming multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Kentwood · Grandville · Byron Center · Jenison — Kent County, MI
The Wyoming Market
What Drives Rentals In Wyoming
Wyoming, Michigan is a Kent County city of 77,353 residents directly south of Grand Rapids, where Gordon Food Service keeps its headquarters. Renters hold 32.9% of Wyoming's 29,417 occupied homes, ACS 2020–2024, and 22.3% of employed Wyoming residents work in manufacturing, well above Michigan's 18.2% statewide share. University of Michigan Health-West runs a 208-bed teaching hospital in Wyoming. Owners who plan to sell commercial property in Wyoming, MI should start with this renter base and industrial employment mix.
Gordon Food Service HQ
Gordon Food Service is headquartered at 1300 Gezon Parkway SW in Wyoming, Michigan.UM Health-West hospital
University of Michigan Health-West runs a 208-bed teaching hospital in Wyoming, Michigan.Manufacturing employment base
22.3% of Wyoming's employed residents work in manufacturing, well above Michigan's 18.2% share.Our Buy Box
What We Buy In Wyoming
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Wyoming Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Wyoming
Renters hold 32.9% of Wyoming's 29,417 occupied homes, or 9,673 households, ACS 2020–2024, above Kent County's 29.7% renter share. Just 22.6% of Wyoming's housing sits in buildings of five or more units, against 17.5% countywide. The median Wyoming home dates to 1969, and 64.3% of units predate 1980.
Rents and affordability in Wyoming
Wyoming's median gross rent is $1,196 a month, ACS 2020–2024, below Kent County's $1,243 but above Michigan's $1,129 statewide median. Median household income in Wyoming is $73,677, below Kent County's $82,631 but above Michigan's $72,875, and 51.2% of Wyoming renters pay 30% or more of income on housing. Owners deciding whether to sell commercial property in Wyoming, MI should weigh these figures against HUD's fair market rents below.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,306 |
| 1 bedroom | $1,365 |
| 2 bedroom | $1,630 |
| 3 bedroom | $2,113 |
| 4 bedroom | $2,417 |
Property taxes in Kent County
Wyoming's combined 2025 non-homestead rate is 58.6915 mills in the Wyoming Public School District, per the city's Final Tax Rates schedule. MCL 211.27a caps taxable value at half of true cash value at a sale, so a $2,000,000 Wyoming apartment sale would land near a $1,000,000 taxable value and about $58,692 a year in property tax. State and county transfer tax together run $4.30 per $500 of value, about $17,200 on that sale, worth modeling before anyone decides to sell commercial real estate in Wyoming, MI.
Landlord rules in Wyoming
Michigan caps security deposits at 1.5 times monthly rent under MCL 554.602, and landlords must return deposits or itemize damages within 30 days under MCL 554.609. Nonpayment notices need 7 days under MCL 554.134, and month-to-month tenancies end on one month's notice under the same law. State law bars local rent control under MCL 123.411, so Wyoming sets no rent caps.
What this means for a Wyoming owner
Wyoming pairs a manufacturing-heavy job base along US-131 with Gordon Food Service's headquarters and University of Michigan Health-West's 208-bed hospital. An owner ready to sell commercial property in Wyoming, MI should price the city's 58.6915-mill tax reset before they sell your apartment building in Wyoming. Our cap rate calculator and seller page explain how we underwrite Wyoming buildings.
Local Knowledge
Selling In Wyoming
More about selling in Michigan →Investing in Wyoming? See apartment syndications in Wyoming →
- Wyoming set a 58.6915-mill non-homestead rate for 2025, per city tax documents.
- Michigan law preempts rent control, so Wyoming leases follow state statutes.
- Owners should model Wyoming's tax reset before they sell commercial real estate in Wyoming, MI.
Seller Guides
Selling A Building In Wyoming
Learn More
Taxes & Rules For Wyoming Property
The Michigan rules that shape any deal in Wyoming: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Wyoming Seller FAQ
Is now a good time to sell commercial property in Wyoming, MI?
Wyoming's 32.9% renter share and $1,196 median gross rent, ACS 2020-2024, point to steady renter demand, and Gordon Food Service keeps its headquarters here. Owners who plan to sell multifamily property in Wyoming should still price the city's tax reset and transfer tax first.
What should I know before I sell commercial real estate in Wyoming, MI?
Wyoming's 22.6% share of housing in 5+ unit buildings sits above Kent County's 17.5% baseline, and the city's 58.6915-mill rate resets at closing under MCL 211.27a. Our cap rate calculator and seller page model both before an owner lists a building.
What is the average rent in Wyoming, Michigan?
Census ACS 2020-2024 estimates put Wyoming's median gross rent at $1,196 a month, above Michigan's $1,129 statewide median. HUD's FY2027 fair market rents here run from $1,306 for an efficiency to $1,630 for a two-bedroom unit.
What is the property tax rate on apartment buildings in Wyoming, MI?
Wyoming's 2025 non-homestead rate is 58.6915 mills in the Wyoming Public School District. Taxable value resets to half of true cash value at a sale, so a $2,000,000 building would owe about $58,692 a year in property tax.
Does Wyoming, Michigan have rent control?
No. Michigan's MCL 123.411 bars local governments from enacting rent control ordinances. Wyoming leases, deposits and eviction notices instead follow statewide landlord-tenant law, worth knowing before selling commercial property in Wyoming changes hands.
Do I need to fix up my Wyoming building before selling?
No. We price in deferred maintenance, vacancy, and below-market rents ourselves, so you can sell the property as it stands.
Can I sell my Wyoming apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Who buys occupied rental property in Wyoming?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
What do I need to sell my apartment building in Wyoming?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Selling A Building In Wyoming?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
