Seller's Agent in 2024
Joseph Frieders
Swanson Real Estate
(815) 693-4958
20 in this area
274 Total Sales
Estimated Value: $997,597
12
Beds
12
Baths
6,376
Sq Ft
$156/Sq Ft
Est. Value
About This Home
As of July 2024A rare opportunity to invest in a very well managed and maintained 12 unit apartment complex in a low traffic area of Plano. Each unit consists of one bedroom, 1 full bathroom, with an open concept living room and kitchen. Front and rear entrances for each apartment. The two heating systems that supply all the heat are about 3 to 4 years old. Roof in 2010. This entire property shows pride in ownership and is extremely well organized and maintained. The center section has a basement with the laundry facilities with 3 sets of coin operated washers and dryers. Office and mechanical room. The 2 wings are crawl space for easy access if needed. All leases are month to month. Some long term tenants. Tenants pay their own electric, landlord pays everything else. The present owners have owned this property for a long time and have enjoyed owning this property. But its time for something new, so Here is your chance to purchase a well run investment property that is turn key and ready to go!
Last Agent to Sell the Property
Swanson Real Estate License #471013193 Listed on: 06/12/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,220
Year Built
- Built in 1960
Lot Details
- 0.62 Acre Lot
- Lot Dimensions are 137x120x110x15x27x105
Home Design
- Brick Exterior Construction
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 6,376 Sq Ft Home
- 2-Story Property
- Exterior Basement Entry
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Bathrooms
Utilities
- Window Unit Cooling System
- Central Heating
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $1,208
- Fuel Expense $3,765
- Insurance Expense $2,858
- Maintenance Expense $5,089
- Trash Expense $1,696
- Water Sewer Expense $3,349
- Operating Expense $17,775
- Gross Income $86,739
- Net Operating Income $68,964
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2024
Closed on
Jul 16, 2024
Sold by
Sd Wade Llc
Bought by
100 Kidder Plano Llc
Seller's Agent
Joseph Frieders
Swanson Real Estate
Buyer's Agent
Cindy Pierce
Baird & Warner
List Price
$895,000
Sold Price
$925,000
Premium/Discount to List
$30,000
3.35%
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,597
Avg. Annual Appreciation
5.27%
Purchase Details
Closed on
Sep 25, 2023
Sold by
Wade Steven A and Wade Doris J
Bought by
Wade Inc
Purchase Details
Closed on
Apr 1, 1998
Sold by
Swanson Barbara J
Bought by
Wade Steven A and Wade Doris J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
6.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 30, 1997
Sold by
Davis Dorothy E
Bought by
Welch Robert
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 100 Kidder Plano Llc | $925,000 | None Listed On Document | |
| Wade Inc | -- | None Listed On Document | |
| Wade Steven A | -- | Law Title Insurance Company | |
| Swanson Barbara J | $305,000 | Law Title Insurance Company | |
| Welch Robert | -- | Law Title Insurance Company | |
| Welch Robert | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wade Steven A | $228,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/17/2024 07/17/24 | Sold | $925,000 | +3.4% | $145 / Sq Ft |
| 06/20/2024 06/20/24 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | For Sale | $895,000 | -- | $140 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $20,355 | $247,384 | $34,783 | $212,601 |
| 2023 | $12,220 | $134,972 | $33,127 | $101,845 |
| 2022 | $12,220 | $130,429 | $31,550 | $98,879 |
| 2021 | $11,565 | $121,782 | $29,458 | $92,324 |
| 2020 | $11,348 | $115,983 | $28,055 | $87,928 |
| 2019 | $11,266 | $112,605 | $28,055 | $84,550 |
| 2018 | $11,548 | $107,243 | $26,719 | $80,524 |
| 2017 | $11,540 | $102,134 | $25,444 | $76,690 |
| 2016 | $6,377 | $102,134 | $25,444 | $76,690 |
| 2015 | -- | $97,270 | $24,232 | $73,038 |
| 2014 | -- | $89,124 | $24,232 | $64,892 |
| 2013 | -- | $90,952 | $24,729 | $66,223 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Frieders
-
Cindy Pierce
Buyer's Agent in 2024
Cindy Pierce
Baird Warner
(630) 669-9849
1 in this area
173 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12080901
APN: 01-22-353-005
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