NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.5 Acres

Last Sold August 10, 2022

Last sale price $650,000

63 Days on Market

Highlights

  • 1 Fireplace
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Facilities
  • Cul-De-Sac
  • Hot Water Heating System
  • High Speed Internet

About This Home

As of August 2022

Prime investment opportunity, Well Maintained 6 unit apartment building. Three - 2/bed-1 bath: Two - 3bed/2baths: One - 1bed/1bath. Current rents are under market value. Fully occupied, rents up to date, good rental history.

Last Agent to Sell the Property

Dee Mikos-Graves

Coldwell Banker Woodland Schmidt License #6502372496 Listed on: 04/05/2022

Coldwell Banker Woodland Schmidt

Last Buyer's Agent

Anthony Moayyer

Moayyer Real Estate License #6501413583

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,139

Year Built

  • Built in 1989

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 93x220x68x30x206
  • Cul-De-Sac

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Parking

  • 12 Parking Spaces
  • Carport
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for trash collection, water, sewer, gas

Community Details

Building Details

  • Insurance Expense $2,685
  • Maintenance Expense $7,787
  • Utility Expense $6,642
  • Operating Expense $18,541
  • Gross Income $61,500
  • Net Operating Income $42,959

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,139

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1989
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 675000.0
  • Lot Features: Cul-De-Sac, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 12.0
  • General Property Info:Total Parking Spaces: 12.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Dimensions: 93x220x68x30x206
  • Lot Size Sq Ft: 21780.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer, Gas
  • Tenant Pays: Electric

Multi Family

  • Gross Income: 61500.0
  • Insurance Expense: 2685.0
  • Maintenance Expense: 7787.0
  • Net Operating Income: 42959.0
  • Number of Units Total: 6
  • Operating Expense: 18541.0

Tax Info

  • Tax Annual Amount: 6139.0
  • Tax Year: 2022

Range of Values:

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Sold Price
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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 Change Sq Ft Price
08/10/2022 08/10/22 Sold $650,000 -3.7% --
06/07/2022 06/07/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $675,000 +237.5% --
03/15/2013 03/15/13 Sold $200,000 -20.0% --
03/06/2013 03/06/13 Pending -- -- --
02/22/2011 02/22/11 For Sale $250,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22011181

Southwestern Michigan Association of REALTORS®