NOT LISTED FOR SALE

109 E Washington St Greenville, MI 48838

Estimated Value: $183,000 - $359,000

-- Bed
-- Bath
-- Sq Ft
0.38 Acres

Last Sold October 15, 2021

Last sale price $293,000

Est. 6% decrease in value since last sale

Current estimated payment $1,717/month

4 Days on Market

About This Home

As of October 2021

New opportunity to own income property in Greenville. This property offers 6 units, great cash flow, ample parking and strong rental history.

Last Agent to Sell the Property

Brenda Beerthuis

RE/MAX United (Main) License #6506048349 Listed on: 07/09/2021

RE/MAX United (Main)

Last Buyer's Agent

Tori Ensing

Five Star Real Estate (Greenv) License #6502426724

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,571

Year Built

  • Built in 1875

Lot Details

  • 0.38

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Connected
  • Septic System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 0.38 Acre Lot

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Insurance Expense $3,188
  • Manager Expense $7,500
  • Operating Expense $16,334
  • Gross Income $39,660
  • Net Operating Income $23,326

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,571

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 299900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Baseboard
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Connected, Public Water, Public Sewer, Cable Connected

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Size Sq Ft: 16553.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 39660.0
  • Insurance Expense: 3187.92
  • Manager Expense: 7500.0
  • Net Operating Income: 23326.08
  • Number of Units Total: 6
  • Operating Expense: 16333.92

Tax Info

  • Tax Annual Amount: 5570.65
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Oct 15, 2021
Sold by
Knapp Norman L
Bought by
Sran Gurjit S
Seller's Agent
Brenda Beerthuis
RE/MAX United (Main)
Buyer's Agent
Tori Ensing
Five Star Real Estate (Greenv)
List Price
$299,900
Sold Price
$293,000
Premium/Discount to List
-$6,900
-2.3%
Current Estimated Value
$274,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,758
Avg. Annual Appreciation
-1.61%
Original Mortgage
$220,000
Outstanding Balance
$200,619
Interest Rate
2.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$73,623

Purchase Details

Closed on
Oct 21, 2011
Sold by
Platinum Plus Properties
Bought by
Knapp Norman L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,531
Interest Rate
4.09%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 27, 2008
Sold by
Platinum Plus Properties Inc
Bought by
Sran Gurjit S
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Sran Gurjit S $189,000 Chicago Title
Benchmark Properties Llc $293,000 Chicago Title
Knapp Norman L -- --
Sran Gurjit S -- Title First Agency
Sran Gurjit S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benchmark Properties Llc $220,000
Previous Owner Knapp Norman L $158,531
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2021 10/15/21 Sold $293,000 -2.3% --
07/13/2021 07/13/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $299,900 -- --
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

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 $8,566 $196,400 $0 $0
2024 $8,210 $182,300 $0 $0
2023 -- $162,900 $0 $0
2022 $9,306 $140,700 $0 $0
2021 $5,476 $124,900 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2014 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brenda Beerthuis

    Seller's Agent in 2021

    Brenda Beerthuis

    RE/MAX Michigan

    (616) 293-9658

    87 Total Sales

    Brenda Beerthuis
    Section Image
  • Tori Ensing

    Buyer's Agent in 2021

    Tori Ensing

    Five Star Real Estate (Greenv)

    (616) 835-1435

    344 Total Sales

    Tori Ensing
    Section Image
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Map

Source: MichRIC

MLS Number: 21026859

MichRIC

APN: 052-103-001-00

Michigan Montcalm County Greenville 48838

109 E Washington St, Greenville, MI

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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