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.
Sold
$2,600,000
2340 Banner Dr SW, Wyoming, MI 49509
3beds
2baths
1,600sqft
5+ Units
Built in 1978
-- sqft lot
$464,300 Zestimate®
$1,625/sqft
$1,817 Estimated rent
Home value
$464,300
$418,000 - $515,000
$1,817/mo
Zestimate® history
Owner options
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$1,817/mo
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$1,817/mo
Rent Zestimate®
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$13,354/mo
Est. payment
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$13,354/mo
Est. payment
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List your homeWhat's special
Parking lotCentral parking lotNewer roofsOn-site laundry facilities
Zillow last checked:
Listing updated:
Listed by:
Allison V Koetsier 616-633-9445,
Compass Realty Services
Bought with:
Eric W Knoll
Five Star Real Estate (Grandv)
Source: MichRIC,MLS#: 24049166
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Hot Water
Cooling
- Wall Unit(s)
Features
- Basement: Slab
Interior area
- Total interior livable area: 1,600 sqft
Property
Parking
- Total spaces: 44
- Parking features: Asphalt, Driveway
Accessibility
- Accessibility features: No Step Entrance
Lot
- Size: 1.34 Acres
Details
- Parcel number: 411711233019
- Zoning description: 4 unit apts
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Aluminum Siding, Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Utilities for property: Cable Available, Natural Gas Connected
Community & HOA
Location
- Region: Wyoming
Financial & listing details
- Price per square foot: $1,625/sqft
- Tax assessed value: $406,944
- Annual tax amount: $27,348
- Date on market: 9/17/2024
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/12/2024 | Sold | $2,600,000-7.1%$1,625/sqft |
Source:  MichRIC #24049166 Report a problem | ||
| 10/1/2024 | Pending sale | $2,800,000$1,750/sqft |
Source: MichRIC #24049166 Report a problem | ||
| 9/17/2024 | Listed for sale | $2,800,000+1943.8%$1,750/sqft |
Source: MichRIC #24049166 Report a problem | ||
| 7/27/2015 | Sold | $137,000+121%$86/sqft |
Source: Public Record Report a problem | ||
| 7/20/2009 | Sold | $62,000-60.6%$39/sqft |
Source: Public Record Report a problem | ||
| 4/11/2008 | Sold | $157,269+10%$98/sqft |
Source: Public Record Report a problem | ||
| 5/20/2003 | Sold | $143,000$89/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,107 | $177,700 -0.6% |
| 2024 | -- | $178,800 +82.1% |
| 2021 | $4,239 | $98,200 -8.1% |
| 2020 | $4,239 +3.6% | $106,900 +26.2% |
| 2019 | $4,091 +28.9% | $84,700 +22.9% |
| 2018 | $3,174 -18.5% | $68,900 +17.6% |
| 2017 | $3,897 | $58,600 +13.3% |
| 2016 | $3,897 | $51,700 |
| 2015 | $3,897 +17.9% | $51,700 +6.6% |
| 2013 | $3,304 | $48,500 +0.4% |
| 2011 | -- | $48,300 -29.7% |
| 2010 | -- | $68,700 +14.5% |
| 2009 | -- | $60,000 -25.9% |
| 2007 | -- | $81,000 +6.4% |
| 2006 | -- | $76,163 +3.7% |
| 2005 | -- | $73,446 +3.3% |
| 2004 | -- | $71,100 +12.1% |
| 2002 | -- | $63,398 +3.2% |
| 2001 | -- | $61,433 |
Find assessor info on the county website
Neighborhood: 49509
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Nearby schools
GreatSchools rating
- 4/10Godfrey Elementary SchoolGrades: 3-5Distance: 0.4 mi
- 5/10Lee Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Lee High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$464,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$464,300
- Michigan
- Kent County
- Wyoming
- 49509
- 2340 Banner Dr SW
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