NOT LISTED FOR SALE
12 Beds
4 Baths
4,760 Sq Ft
10,018 Sq Ft Lot

Sale Details

Date Sold: May 14, 2021

Last sale price $385,000 $81 Per Sq Ft

41 Days on Market

Highlights

  • Attic
  • Bathtub with Shower
  • Baseboard Heating
  • Workshop
  • Storage Room
  • Paved or Partially Paved Lot

About This Home

As of May 2021

INVESTORS - looking for a high-yielding, turnkey investment property and a significant rate of return? This 12 bedroom, four unit building is fully rented, has a hard-wired fire alarm system, assigned parking for 8+ cars, coin-op laundry and storage units in the basement. The layout consists of two, five bedroom townhouses (2nd and 3rd floors) and two, one bedroom units on the first floor. The townhouse rents are below market value and the units do need some TLC but the tenants are longstanding. The owners have kept up with routine maintenance over the years including a young high-efficiency heating system and have a great rental history. It's time for these owners to cash out of their cash cow and turn the keys over - act fast, opportunities like this are hard to come by.

Last Agent to Sell the Property

Jill Weathers

Williams & Stuart Real Estate License #RES.0030821 Listed on: 03/03/2021

Last Buyer's Agent

Michelle Pacheco

RE/MAX Real Estate Center License #RES.0042329

RE/MAX Real Estate Center
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,098

Year Built

  • Built in 1920

Lot Details

  • 10,018 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Aluminum Siding
  • Plaster

Interior Spaces

  • 4,760 Sq Ft Home
  • 3-Story Property
  • Workshop
  • Storage Room
  • Attic

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 9 Parking Spaces
  • No Garage
  • Driveway

Utilities

  • Cooling Available
  • Heating System Uses Gas
  • Baseboard Heating
  • 100 Amp Service
  • Water Heater

Listing and Financial Details

  • Tax Lot 66
  • Assessor Parcel Number 1076MAINSTWWAR

Community Details

Overview

  • 4 Units
  • Artic Subdivision

Building Details

  • Operating Expense $11,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,098

Year Built

Built in 1920

Lot Details

10,018 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Subdivision Name: ARTIC
  • Above Grade Finished Sq Ft: 4760.0
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Appliances: Oven, Range, Refrigerator, Water Heater
  • Has Basement: Full, Interior Entry, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 12
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Other
  • Interior Amenities: Attic, Tub Shower
  • Dining Room Type: Storage Room, Workshop
  • Stories: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Paved
  • Construction Type: Drywall, Plaster, Aluminum Siding
  • Exterior Features: Paved Driveway
  • Foundation Details: See Remarks

Garage/Parking

  • Parking Features: No Garage
  • Total Parking Spaces: 9.0

Utilities

  • Laundry Features: Common Area
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Baseboard, Gas
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers
  • Sewer: Connected
  • Utilities: Sewer Connected
  • Water Source: Connected

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 10018.0
  • Parcel #: 1076MAINSTWWAR
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 11000.0

Tax Info

  • Tax Annual Amount: 6098.0
  • Tax Lot: 66
  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2021
Closed on
May 14, 2021
Sold by
Bought by
Seller's Agent
Jill Weathers
Williams & Stuart Real Estate
Buyer's Agent
Michelle Pacheco
RE/MAX Real Estate Center
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,026
Outstanding Balance
$335,955
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 2009
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$385,000 None Available
-- --
$209,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $378,026
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $385,000 -3.7% $81 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $399,900 -- $84 / Sq Ft
Source: State-Wide MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,761 $507,600 $84,000 $423,600
2024 $6,849 $334,600 $53,400 $281,200
2023 $6,715 $334,600 $53,400 $281,200
2022 $6,608 $334,600 $53,400 $281,200
2021 $6,098 $204,000 $43,800 $160,200
2020 $6,098 $204,000 $43,800 $160,200
2019 $5,981 $204,000 $43,800 $160,200
2018 $5,227 $137,500 $41,200 $96,300
2017 $5,218 $137,500 $41,200 $96,300
2016 $5,080 $136,300 $41,200 $95,100
2015 $5,687 $152,600 $41,200 $111,400
2014 $5,562 $152,600 $41,200 $111,400
Source: Public Records

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Map

Source: State-Wide MLS

MLS Number: 1276544

State-Wide MLS
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