Address
1870 Prairie Parkway Sw, Wyoming, MI
Price
$ 495,000
Property Attributes
- MLS#26025716
- TypeMulti-Family
- Listing Status Active
- CountyKENT
- CityWyoming
- AreaCity of Wyoming
- NeighborhoodCity of Wyoming
- Zip49519
- Style2 to 4 Units
- Year Built1967
- Taxes$ 5037
- Price$ 495,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.28 Acres
Data Source:
Michigan Regional Information Center (MICHRIC)
Property Description
Attention investors! This well maintained all brick 4 Unit rents for $1,300 per month providing a CAP rate of 6.9 at the listed price! Act fast to add this to your growing portfolio!
| Price History | |
|---|---|
| 5/29/2026 | Listed $510,000 |
| 9/1/2026 | 3$499,000 |
| 9/14/2026 | 1$495,000 |
General Features
| Heating | Hot Water |
|---|---|
| Cooling | Window Unit(s) |
| Utilities | Cable Available,Natural Gas Connected,Electricity Connected |
| Possession | Close Of Escrow |
| Roof | Composition |
| Construction Materials | Brick |
| Year Built | 1967 |
| Tenant Pays | Electric |
| Township | City of Wyoming |
| Property Subtype | 2 to 4 Units |
| Tax Year | 2026 |
| Gross Income | 62760.0 |
| OwnerPays | Trash Collection,Water,Sewer,Gas |
| County | Kent |
| Net Operating Income | 54680.0 |
| Operating Expense | 8080.0 |
| Insurance Expense | 3000.0 |
| New Construction | No |
| Property Type | Multi Family |
| Attached Garage | No |
| MaintenanceExpense | 0.0 |
| Status | Active |
| City | Wyoming |
| High School District | Wyoming |
| Zoning Description | R-4 |
| Number Of Units Total | 4 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 12153.0 |
| Listing Terms | VA Loan,FHA,Cash,Conventional |
| Land Lease Y/N | No |
| Tax Annual Amount | 5037.55 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Rent Control Y/N | No |
| Standard Status | Active |
| Tax Assessed Value | 88027 |
| MobileHomeRemainsYN | No |
| Legal Description | LOT 22 ALSO W 1.5 FT OF LOT 23 * ROOSIEN ADDITION NO. 1 |
| Senior Community | None |
Interior Features
| Basement | Daylight,Full,Other |
|---|---|
| Basement (Y/N) | Yes |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Laundry Features | Common Area,Gas Dryer Hookup,Laundry Room,Washer Hookup |
Exterior Features
| Parking Features | Concrete,Driveway,Paved |
|---|---|
| Lot Features | Flag Lot |
| Total Parking | 4.0 |
| Lot Size Area | 0.28 |
| Number of Buildings | 1 |
| Spa | No |
| Lot Dimensions | 81 X 148 |
| Lot Size Acres | 0.28 |
| Road Surface Type | Paved |
| Waterfront Y/N | No |
| Crops Included Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 49519
Price
Taxes
Year Built
Listing information is provided by Participants of the MichRIC MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. ©: MichRIC MLS. Last Update September 27, 2026 9:34 PM UTC
Greater Lansing Association of Realtors® (GLAR) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
