$225,000
SOLD AUG 29, 2025
-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Recently Sold

30% Below List Price

53 Days on Market

Highlights

  • 5 Fireplaces
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of August 2025

5 single-family homes for $320K. All properties are currently rented and offered in a package deal with a CAP RATE over 13%! (properties will not be sold individually)

Professionally managed with monthly rents totaling $5,800+ with increases due in the next 3 months pushing rents up to $6,500+.

All current with their city certifcations

1003 Williams 4 bed, 2 bath $75k, rent $1,050/month (Section 8)

231 W Mason 3 bed, 2 bath $65k, rent $950/month

513 W Trail 3 bed, 1bath $65k, rent $1,325/month (Section 8)

301 E Euclid 3 bed, 1 bath $65k, rent $1,275/month

1009 Chittock 4 bed, 2 bath $50k, rent $1,200/month (Section 8)

Last Agent to Sell the Property

Mariah Lerolland-Wagner

Keller Williams Ann Arbor Mrkt License #6501404056 Listed on: 06/26/2025

Keller Williams Ann Arbor Mrkt

Last Buyer's Agent

Mariah Lerolland-Wagner

Keller Williams Ann Arbor Mrkt License #6501404056 Listed on: 06/26/2025

Keller Williams Ann Arbor Mrkt

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 5 Fireplaces
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 5 Buildings
  • 5 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 53.33
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 33*132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 5.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Michigan Basement: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: 5 single-family homes for $320K. All properties are currently rented and offered in a package deal with a CAP RATE over 13%! (properties will not be sold individually) Professionally managed with monthly rents totaling $5,800+ with increases due in the next 3 months pushing rents up to $6,500+. All current with their city certifcations 1003 Williams 4 bed, 2 bath $75k, rent $1,050/month (Section 8) 231 W Mason 3 bed, 2 bath $65k, rent $950/month 513 W Trail 3 bed, 1bath $65k, rent $1,325/month (Section 8) 301 E Euclid 3 bed, 1 bath $65k, rent $1,275/month 1009 Chittock 4 bed, 2 bath $50k, rent $1,200/month (Section 8)
  • Remarks Misc: Agent Only Remarks: Managed by Jackson Property Mangers
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 5
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding, Vinyl Siding
  • List Price: 320000.0
  • Number of Buildings: 5
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 33*132
  • Lot Size Sq Ft: 4356.0

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash, Sewer, Gas

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 7200.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2017
Sold by
Ronald Sserafin Ronald J and Ronald Sserafin
Bought by
Thomas John W and The John & Edith J Thomas Char
Current Estimated Value
$83,597

Purchase Details

Closed on
Aug 13, 2005
Sold by
Hull Horace G and Hull Theresa J
Bought by
Serafin Ronald J and Serafin Victoria E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Legal Action Court Order -- None Available
Quit Claim Deed $16,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Sold $225,000 -29.7% --
08/18/2025 08/18/25 Pending -- -- --
06/26/2025 06/26/25 For Sale $320,000 +326.7% --
08/01/2024 08/01/24 Sold $75,000 -6.3% $300 / Sq Ft View Prior Sale
05/29/2024 05/29/24 For Sale $80,000 -- $320 / Sq Ft
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

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
2025 $1,475 $27,900 $0 $0
2024 $1,280 $24,800 $0 $0
2023 $1,202 $20,100 $0 $0
2022 $578 $16,500 $0 $0
2021 $572 $13,350 $0 $0
2020 $565 $12,850 $0 $0
2019 $550 $8,900 $0 $0
2018 $566 $7,650 $0 $0
2017 $620 $8,000 $0 $0
2016 $455 $8,200 $8,200 $0
2015 $506 $7,550 $7,550 $0
2014 $506 $8,150 $0 $0
2013 -- $8,150 $8,150 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 25031052

MichRIC

APN: 4-089700000