$285,000
SOLD MAR 22, 2013
-- Bed
-- Bath
-- Sq Ft
0.5 Acres

Recently Sold

4% Below List Price

373 Days on Market

About This Home

As of June 2022

Info#6055 Long term investment in deluxe 6 unit that is extremely well kept. Wood floors in some units, newer carpet in others. Laundry room with monthly income of $100-$150 per month, 6 carport spaces plus 4 additional parking spots, new exterior doors, fully leased 98% of the time. There are two units with 3 bedrooms, 1.5 baths and three units with 2 bedrooms and 1 bath, and one unit with 1 bedroom, and 1 bath. Current manager/owner will assist new buyer for up to three months regarding management. New shingles in 2011 with tear off, boiler new in 2012, driveway new in 2010.

Last Agent to Sell the Property

Gary Beckman

Coldwell Banker Woodland Schmidt License #6501191957 Listed on: 01/25/2012

Last Buyer's Agent

Andrea Crossman

Coldwell Banker Woodland Schmidt License #6506043931

Coldwell Banker Woodland Schmidt

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,656

Year Built

  • Built in 1990

Lot Details

  • 0.5 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • Insurance Expense $2,423
  • Maintenance Expense $2,380
  • Operating Expense $9,353
  • Gross Income $40,200
  • Net Operating Income $30,847

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,656

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 298000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Sq Ft: 21780.0

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 40200.0
  • Insurance Expense: 2423.0
  • Maintenance Expense: 2380.0
  • Net Operating Income: 30847.0
  • Operating Expense: 9353.0

Tax Info

  • Tax Annual Amount: 5656.0

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: 12004991

Southwestern Michigan Association of REALTORS®