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

Sale Details

Date Sold: June 21, 2022

Last sale price $625,000

14 Days on Market

Highlights

  • Cul-De-Sac
  • Hot Water Heating System
  • 3-minute walk to Van Raalte Farm Park
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Facilities

About This Home

As of June 2022

Prime investment opportunity, Well Maintained 6 unit apartment building. One unit is completely renovated and will be ready for rent mid-April & will rent for $1000, This will add to the gross income. Current rents are under market value. Good rental history, renter's current on rents, all month to month leases. Two-3 bedroom/2 bath, Three-2 bedroom/1 bath, One-1 bedroom/1 bath.

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

Mary Dykstra

Keller Williams Harbortown License #6501394823

Keller Williams Harbortown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,661

Year Built

  • Built in 1989

Lot Details

  • 21,780 Sq Ft Lot
  • Lot Dimensions are 100 x 220
  • Cul-De-Sac

Home Design

  • Slab Foundation
  • Vinyl Siding

Parking

  • 12 Parking Spaces
  • Paved Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for gas, sewer, trash collection

Community Details

Building Details

  • Insurance Expense $2,685
  • Maintenance Expense $6,353
  • Utility Expense $6,642
  • Operating Expense $15,680
  • Gross Income $51,300
  • Net Operating Income $35,620

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,661

Year Built

Built in 1989

Lot Details

0.5 Acres

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1989
  • General Property Info:Basement: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • 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
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 12.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Dimensions: 100 x 220
  • Lot Size Sq Ft: 21780.0
  • Zoning Description: Multi-Fam HDR

Rental Info

  • Owner Pays: Gas, Sewer, Trash Collection
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 51300.0
  • Insurance Expense: 2685.0
  • Maintenance Expense: 6353.0
  • Net Operating Income: 35620.0
  • Number of Units Total: 6
  • Operating Expense: 15680.0

Tax Info

  • Tax Annual Amount: 6661.0
  • Tax Year: 2020
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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
06/21/2022 06/21/22 Sold $625,000 -7.4% --
04/19/2022 04/19/22 Pending -- -- --
04/05/2022 04/05/22 Price Changed $675,000 +1.5% --
04/05/2022 04/05/22 For Sale $665,000 +133.3% --
03/22/2013 03/22/13 Sold $285,000 -4.4% -- View Prior Sale
02/01/2013 02/01/13 Pending -- -- --
01/25/2012 01/25/12 For Sale $298,000 -- --
Source: MichRIC

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 $16,226 $329,400 $0 $0
2024 $158 $317,800 $0 $0
2023 $14,926 $253,800 $0 $0
2022 $6,247 $172,200 $0 $0
2021 $6,067 $168,400 $0 $0
2020 $6,034 $144,500 $0 $0
2019 $5,989 $128,400 $0 $0
2018 $5,712 $117,700 $0 $0
2017 $5,559 $117,700 $0 $0
2016 $5,559 $106,000 $0 $0
2015 $5,548 $92,600 $0 $0
2014 $5,548 $92,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22011190

MichRIC
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