$970,000
SOLD MAY 26, 2017
6 Beds
5 Baths
3,488 Sq Ft
5,489 Sq Ft Lot

Recently Sold

$278 Per Sq Ft

3% Above List Price

10 Days on Market

About This Home

As of January 2022

**Income Producing 4 Plex in Edenvale Area GRM 14.24* Each unit is very spacious and each unit has attached garage. This 4-unit income property is unique in that it has a property owners association (POA). The 110 Roundtable is a site with 19 4 plex buildings, this is Building #3, located at the front of the property which is easy to find. The POA assists the 19 building owners, similar to an HOA, the POA has Onsite Management, Landscaping and Garbage removal. Owners can utilize the Onsite Manager to post notices, collect rents, and take applications. POA had all of the buildings painted in November 2016 (special assessment) and is Repaving the asphalt driveway/asphalt in April 2017 ($600 special assessment). Laundry available on premises, but currently no laundry income set up in this building. County records states a laundry is onsite, so there may be “un-utilized space” available to convert. We will be doing a general property inspection on Friday, March 24, 2017, report to follow.

Last Agent to Sell the Property

Karen DiLullo

Coldwell Banker Realty License #01721318 Listed on: 03/23/2017

Coldwell Banker Realty

Last Buyer's Agent

Karen DiLullo

Coldwell Banker Realty License #01721318 Listed on: 03/23/2017

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 5,489 Sq Ft Lot

Parking

  • 4 Car Garage
  • Secured Garage or Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,488 Sq Ft Home
  • 2-Story Property
  • Circular Fireplace

Utilities

  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $65,940

Community Details

Overview

  • 3,488 Sq Ft Building
  • The community has rules related to parking rules

Building Details

  • 4 Leased Units
  • Insurance Expense $1,344
  • Maintenance Expense $1,750
  • Manager Expense $4,800
  • Utility Expense $1,200
  • Operating Expense $21,192
  • Gross Income $65,940

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Parking

4

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Restrictions: Parking Restrictions
  • Age: 53
  • Listing Class: Residential Income (2-4 Units)
  • Min Numberof Unitsin Complex: 19
  • Structure Sq Ft: 3488
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3488
  • Stories: 2
  • Security: Closed Circuit Monitoring (24-Hour), Secured Garage / Parking

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • Complex Name: The Oaks Prop Owners Assoc
  • HOA Fees: 400
  • HOA Exist: Yes

Schools

  • School District: East Side Union High
  • Elementary School: Edenvale Elementary
  • Middle School: Caroline Davis Intermediate
  • High School: Oak Grove High
  • High School: 249
  • Elementary School: 182
  • Middle School: 179

Lot Info

  • Lot Acres: 0.1260
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5472.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5472.00

Rental Info

  • Existing Lease Term(s): Lease(s), Security Deposit
  • Gross Rent Multiplier: 14.24
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Gas Meters, Public Utilities
  • Expense Insurance: 1344
  • Expense Maintenance: 1750
  • Expense Management: 4800
  • Expenses Total: 21192
  • Expenses Utility: 1200
  • Income Annual Gross: 65940.00
  • Income Annual Rental: 65940
  • Income Gross Scheduled: 65940
  • Meters: Master Water, Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Association, Services - Gardener, Services - On-Site Manager, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

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Range of Values:

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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
01/10/2022 01/10/22 Sold $1,325,000 -4.0% $380 / Sq Ft
01/04/2022 01/04/22 Pending -- -- --
09/23/2021 09/23/21 For Sale $1,380,000 +27.2% $396 / Sq Ft
02/05/2019 02/05/19 Sold $1,085,000 -3.0% $333 / Sq Ft
12/26/2018 12/26/18 Pending -- -- --
12/12/2018 12/12/18 Price Changed $1,119,000 -10.3% $343 / Sq Ft
12/03/2018 12/03/18 For Sale $1,248,000 +28.7% $383 / Sq Ft
05/26/2017 05/26/17 Sold $970,000 +3.3% $278 / Sq Ft
04/03/2017 04/03/17 Pending -- -- --
03/23/2017 03/23/17 For Sale $939,000 +3.6% $269 / Sq Ft
01/09/2017 01/09/17 Sold $906,000 +6.6% $278 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
09/22/2016 09/22/16 For Sale $850,000 +21.3% $261 / Sq Ft
03/18/2014 03/18/14 Sold $701,000 -3.3% $215 / Sq Ft
02/07/2014 02/07/14 Pending -- -- --
01/08/2014 01/08/14 For Sale $725,000 +72.6% $223 / Sq Ft
03/06/2013 03/06/13 Sold $420,000 -8.3% $199 / Sq Ft
01/04/2013 01/04/13 Pending -- -- --
10/11/2012 10/11/12 For Sale $458,194 +1.3% $217 / Sq Ft
04/20/2012 04/20/12 Sold $452,500 0.0% $139 / Sq Ft
03/29/2012 03/29/12 Pending -- -- --
03/26/2012 03/26/12 For Sale $452,500 -- $139 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81643664

MLSListings