$159,900
$15K PRICE DROP

1023 E Elstner St Mount Morris, MI 48458

Estimated payment $1,019/month

Total Views 22,856
4 Beds
4 Baths
2,174 Sq Ft
$74 Price per Sq Ft

About This Home

Fully Occupied! This 4-unit income property is now available for you to add to your rental portfolio with a solid return on investment. Each model has been updated within the last 5 to 10 years. Tenants are on 1 or 2 year leases and filling vacancies has been a quick and easy process with the high demand. Each unit has 1 bedroom, 1 bathroom. Units 2 and 3 have laundry hookups. Each unit has its own private fenced in area and is currently a pet friendly rental. Tenants pay their own utilities. Seller prefers a agreed upon and signed purchase agreement with a walk through contingency before any showing requests.

Listing Agent

Michael Davidson

REMAX Right Choice License #FAAR-122148 Listed on: 12/02/2024

REMAX Right Choice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1935

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 77x128

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 4 Units
  • Orchard Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11-07-551-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,720

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Originating MLS: East Central Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1720
  • Year Built: 1935
  • Mail City: Mount Morris
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 2174

Exterior Features

  • Foundation Type: Slab

Utilities

  • Water: Private Well
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 11-07-551-034
  • Lot Dimensions: 77x128
  • Acreage: 0.21
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Lease Term 1-2 Years

Tax Info

  • Summer Tax: Year: 2024, Amount: $337.00
  • Winter Tax: Year: 2023, Amount: $1,383.00
  • Total Tax: Amount: $1,720.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Mt.Morris Consolidated Schools

Map

Range of Values:

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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

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 $337 $74,100 $0 $0
2023 $322 $63,700 $0 $0
2022 $2,299 $58,300 $0 $0
2021 $2,290 $52,600 $0 $0
2020 $295 $44,200 $0 $0
2019 $290 $38,400 $0 $0
2018 $2,127 $34,500 $0 $0
2017 $2,079 $33,400 $0 $0
2016 $2,069 $32,200 $0 $0
2015 $1,207 $27,700 $0 $0
2014 $253 $23,400 $0 $0
2012 -- $21,100 $21,100 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Price Changed $159,900 -5.9% $74 / Sq Ft
02/04/2025 02/04/25 Price Changed $169,900 -2.9% $78 / Sq Ft
12/02/2024 12/02/24 For Sale $174,900 -- $80 / Sq Ft
Source: Michigan Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Warranty Deed $57,000 Guaranty Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $45,600 Unknown
Closed $8,550 Unknown
Source: Public Records

Similar Home in Mount Morris, MI

  • 437 W Mount Morris St, Mount Morris, MI 48458

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    Tenant pays all utilities, individually metered and each unit has its own driveway and private entry. Unit 1 is a two bedroom and 1bathroom, Unit 2 is a two bedroom, 1 bathroom two story unit, Unit 3 is a one bedroom and one bathroom unit. All tenants arecurrently month to month. All viewings are by appointment only and mandatory minimum of 24 hour notice.

    Frank Barket Century 21 Campbell Realty

    Section Image

Source: Michigan Multiple Listing Service

MLS Number: 50162243

Michigan Multiple Listing Service

APN: 11-07-551-034