NOT LISTED FOR SALE
8 Beds
1 Bath
-- Sq Ft
5,663 Sq Ft Lot

Last Sold September 11, 2018

Last sale price $285,000

18 Days on Market

About This Home

As of September 2018

LOCATION, LOCATION, LOCATION!!! Near expressway which makes location very popular. 4-unit apartment building with 2bedrooms in each unit!!! 100% occupied thru out the year!!! Hardwood floors, appliances and ceramic bathrooms in each unit. Onsite laundry and private storage space for each unit. Brick 2-car garage. Maintained immaculate condition. Tenants responsible for electric and cooking gas.

Last Agent to Sell the Property

Jackie Woods

Real Estate Property Management License #471015387 Listed on: 06/28/2018

Last Buyer's Agent

Kurt Hudson

ABS Property Consulting License #475146526

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,400

Year Renovated

  • 2013

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 35x140

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 1 Bathroom

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $48,000
  • Net Operating Income $42,110

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,400

Year Renovated

2013

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: Unknown
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2013
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2013

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 1
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 5890

Lot Info

  • Lot Size Acres: 0.13
  • Lot Dimensions: 35X140
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 42110
  • GrossIncome: 48000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3400
  • Tax Year: 2016
  • Tax Exemptions: Homeowner
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2018 09/11/18 Sold $285,000 -25.0% --
07/16/2018 07/16/18 Pending -- -- --
07/06/2018 07/06/18 Price Changed $380,000 +35.7% --
06/28/2018 06/28/18 Price Changed $280,000 -26.3% --
06/28/2018 06/28/18 For Sale $380,000 +230.4% --
10/11/2013 10/11/13 Sold $115,000 -30.3% -- View Prior Sale
10/01/2013 10/01/13 For Sale $165,000 0.0% --
07/16/2013 07/16/13 Pending -- -- --
07/15/2013 07/15/13 For Sale $165,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $3,878 $23,000 $2,906 $20,094
2024 $3,878 $23,000 $2,906 $20,094
2023 $3,780 $18,379 $4,359 $14,020
2022 $3,780 $18,379 $4,359 $14,020
2021 $3,696 $18,379 $4,359 $14,020
2020 $3,381 $15,176 $4,359 $10,817
2019 $3,388 $16,863 $4,359 $12,504
2018 $3,331 $16,863 $4,359 $12,504
2017 $4,471 $20,771 $3,777 $16,994
2016 $4,160 $20,771 $3,777 $16,994
2015 $3,806 $20,771 $3,777 $16,994
2014 $3,884 $20,934 $3,486 $17,448
2013 $3,807 $20,934 $3,486 $17,448
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10000573

Midwest Real Estate Data (MRED)