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

Last 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

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

  • Apartment

Est. Annual Taxes

  • $6,661

Year Built

  • Built in 1989

Lot Details

  • 0.5 Acre Lot
  • Cul-De-Sac

Parking

  • 12 Parking Spaces

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 6 Units

Building Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,661

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

  • Basement: Slab

Exterior Features

  • List Price: 675000.0
  • Lot Features: Cul-De-Sac, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 12.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Sq Ft: 21780.0
  • Zoning Description: Multi-Fam HDR
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer, Gas
  • 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

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

Property History

Date Event Price Change Sq Ft Price
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% --
02/01/2013 02/01/13 Pending -- -- --
01/25/2012 01/25/12 For Sale $298,000 -- --
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: 22011190

Southwestern Michigan Association of REALTORS®