NOT LISTED FOR SALE

Estimated Value: $389,000 - $625,000

17 Beds
3 Baths
3,377 Sq Ft
$148/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $478,000 $142 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,322/month

13 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Enclosed patio or porch
  • Attic
  • Thermal Windows
  • Public Transportation

About This Home

As of April 2021

Location!! Opportunity to own TWO large and recently renovated adjacent three-family properties with parking in-between for a total of 6 units with 9.5% CAP rate in Town Plot! #1118 is a large corner property with (2) large 3 bed units + (1) large 2 bed unit (approx. 1,100 SF each) - fully occupied. This property was gutted approx. 5 years ago and features: newer roof, siding and windows. The units are large with hardwood floors throughout + updated kitchens and baths. The utilities are separate & tenant paid: Gas H & HW + updated electrical. #1110 is an adjacent property with (3) large 3 bed units (approx. 1,125 SF each) - all fully occupied. The siding, roof and windows are all in good condition. The units are large with hardwood floors throughout + updated kitchens and baths. The utilities are separate & tenant paid: Gas H & HW + updated electrical. There is shared parking between the two assets with ample parking for tenants. This is a great opportunity to purchase TWO turn key assets in Town Plot WITH parking + 9.5+% CAP rate (actual). Super well maintained and low maintenance. WON'T LAST! Well maintained and cash flowing!

Last Agent to Sell the Property

Alex Opuszynski

Vanguard Private Client Grp License #REB.0793292 Listed on: 02/04/2021

Last Buyer's Agent

Rick Scott

Keller Williams Realty License #REB.0756189

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,167

Year Built

  • Built in 1895

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Masonry

Interior Spaces

  • 17 Bedrooms
  • 3,377 Sq Ft Home
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Enclosed patio or porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Additional Features

  • Public Transportation
  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,167

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Neighborhood: Town Plot
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3377
  • Public Record Living Room Sq Ft: 3377
  • Total Sq Ft: 3377
  • Year Built: 1895
  • Nearby Amenities: Commuter Bus, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 02/04/2021
  • Directions: on corner of W Main St + Benham St, near Rowland Park
  • Special Features: None

Interior Features

  • Total Bedrooms: 17
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 1110

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch, Porch-Enclosed, Sidewalk
  • Exterior Siding: Aluminum
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway, Off Street Parking, Parking Lot
  • Driveway Type: Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.2200
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RO

Multi Family

  • Gross Annual Income: 72000
  • Net Operating Income: 48613
  • Unit Count: 6
  • Total Multi Family: 35
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 11167
  • Total Assessed Value: 83420
  • Mil Rate Base: 60.210
  • Mil Rate Total: 60.210
  • Assessor Parcel Number: 1380810

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2009
Sold by
Mody Darius and Kenkare Jay
Bought by
Sleep Reader Mortgage
Current Estimated Value
$497,667

Purchase Details

Closed on
Nov 4, 2009
Sold by
Aurora Loan Services L
Bought by
Kenkare Jay and Mody Darius

Purchase Details

Closed on
Aug 27, 2009
Sold by
Astudillo Fausto and Astudillo Yamile
Bought by
Aurora Loan Svcs Llc

Purchase Details

Closed on
Oct 26, 2005
Sold by
Simons Glenn H
Bought by
Astodillo Fausto and Astudillo Yamile

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 3, 2005
Sold by
Cardona Nelida M
Bought by
Simons Glenn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 2001
Sold by
Oconnell John H and Oconnell Aileen
Bought by
Cardona Nelida
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Sleep Reader Mortgage -- --
Kenkare Jay $116,000 --
Aurora Loan Svcs Llc -- --
Astodillo Fausto $260,000 --
Simons Glenn H $230,000 --
Cardona Nelida $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cardona Nelida $208,000
Previous Owner Cardona Nelida $26,000
Previous Owner Cardona Nelida $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $478,000 -4.4% $142 / Sq Ft
02/04/2021 02/04/21 For Sale $500,000 -- $148 / Sq Ft
Source: SmartMLS

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 $7,166 $159,320 $16,310 $143,010
2024 $7,877 $159,320 $16,310 $143,010
2023 $8,634 $159,320 $16,310 $143,010
2022 $5,023 $83,420 $16,320 $67,100
2021 $5,023 $83,420 $16,320 $67,100
2020 $5,023 $83,420 $16,320 $67,100
2019 $5,023 $83,420 $16,320 $67,100
2018 $5,023 $83,420 $16,320 $67,100
2017 $4,649 $77,220 $16,330 $60,890
2016 $4,891 $81,240 $16,320 $64,920
2015 $4,730 $81,240 $16,320 $64,920
2014 $4,730 $81,240 $16,320 $64,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170370524

SmartMLS

APN: WATE-000270-000035-000089