2340 Banner Drive SW, Wyoming, MI 49509 (MLS# 24049166)

2340 Banner Drive SW, Wyoming, MI 49509

$2,600,000

Property Type: Multi Family Lot Size (sq. ft.): 58,370 Status: Sold

Current Price: $2,800,000 List Date: 9/17/2024 Last Modified: 12/12/2024

Overview

Description

Showings start 9-25 and all offers to be reviewed after 2pm on 9-30. Amazing totally turnkey 20 unit in quiet Wyoming setting. All Cap X is done - newer roofs, boilers, windows, parking lot and more. Most units remodeled. Tenants pay electric. Waitlist for units. There are nineteen - 2 bedroom/1 bath and one - 1 bedroom/1 bath. On-site laundry facilities. Monthly rent of over $24,000. There are 5 separately parceled 4 units around a central parking lot.

Listing Details MLS# 24049166

Location Property Info

County: Kent
Street #: 2340
Street Name: Banner
Suffix: Drive
Post Direction: SW
State: MI
Zip Code: 49509

General Property Info

Lot Measurement: Acres
Lot Square Footage: 58370
Lot Acres: 1.34
Lot Dimensions: Irregular
Year Built: 1978
New Construction: No
Financial Available: Yes
Cert of Compliance: Yes
Road Frontage: 273
Total # Units: 20
# of Diff Unit Floor Plans: 2
Total # Bldgs: 5
Total Parking Spaces: 44
Waterfront: No
School District: Godfrey-Lee
Basement: No

Tax Info

Tax ID #: 41-17-11-233-019
Taxable Value: 406944
SEV: 928200
For Tax Year: 2024
Seller's Annual Property Tax: 27348
Tax Year: 2023
Spec Assessment & Ty: NA
Zoning: 4 unit apts
Homestead %: 0

Remarks Misc

Directions: 131 to Burton W to Clyde Park, S to Banner, W to property

Status Change Info

Under Contract Date: 2024-09-30
Sold Date: 2024-12-12

More Information

Waterfront Options

Water Access Y/N: No

Access Feat

Accessibility Features: Yes

Unit 1

Unit #: Yes
Unit Description: 2/1
Identical Units: 19
SqFt: 850
Occupied: Yes
Monthly Rent: 1210
Bathrooms: Yes
Full Baths: Yes

Unit 2

Unit #: 20
Unit Description: 1/1
SqFt: 750
Occupied: Yes
Monthly Rent: 1050
Bathrooms: Yes
Full Baths: Yes

Location & Property Info

Cross Streets: Clyde Park
Property Sub-Type: 5+ Units
Area: Grand Rapids - G
Municipality: City of Wyoming
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Legal: LL's in LO

Street Type

Paved: Yes

Util Avail at Street

Cable Available: Yes

Utilities Attached

Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Exterior Material

Aluminum Siding: Yes
Brick: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Hot Water: Yes

Air Conditioning

Wall Unit(s): Yes

Accessibility Feat

No Step Entrance: Yes

Tenant Pays

Electric: Yes

Driveway

Asphalt: Yes

Substructure

Slab: Yes

Extras

Carports: Yes
Laundry Facility: Yes
Sep Electric Meter: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Possession

Close Of Escrow: Yes

Property Features

Accessibility Feat: No Step Entrance Exterior Material: Aluminum Siding; Brick Roofing: Composition Substructure: Slab Sewer: Public Sewer Water: Public Water Utilities Attached: Natural Gas Connected Util Avail at Street: Cable Available Extras: Carports; Laundry Facility; Sep Electric Meter Owner Pays: Gas; Sewer; Trash Collection; Water Tenant Pays: Electric Heat Source: Natural Gas Heat Type: Hot Water Air Conditioning: Wall Unit(s) Driveway: Asphalt Street Type: Paved Terms Available: Cash; Conventional Possession: Close Of Escrow Sale Conditions: None

Listing Office: Compass Realty Services

Listing Agent: Allison V Koetsier

Last Updated: December - 12 - 2024

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.