NOT LISTED FOR SALE
8 Beds
4 Baths
2,808 Sq Ft
7,998 Sq Ft Lot

Last Sold September 07, 2021

Last sale price $1,900,000 $677 Per Sq Ft

13 Days on Market

Highlights

  • 4 Car Detached Garage
  • Laundry Room
  • Coin Laundry
  • George C. Payne Elementary School Rated A-
  • Sustainable Flooring
  • Washer and Dryer

About This Home

As of September 2021

Great condition**Clean units**Convenient location in Campbell City with good schools**Cooperative tenants**All 2 bedrooms and all remodeled***Douglas Fir European cabinets*Quartz(silestone) countertops*All appliances replaced and dishwashers added at the time of remodel*Updated bathrooms with new Quartz shower walls & toilets*Entire floors of all units were replaced with waterproof & scratch resistant engineered wood*Refreshed walls and paint*Mirrored closet doors in #1 unit*Copper plumbing done in 2013*Detached 4 garages updated with garage doors & remote openers*2 extra open parking spaces and gated back storage area*Laundry rm reorganized with parking barrier poles*Double pane windows and new 75 gallon water heater*Sewer line recently split between upstairs and downstairs units*Sellers are doing all section 1 items and repairing any leak*Sellers are also installing a brand new roof on the main building and clearing all the roof report items*Currently all tenants are month-to-month

Last Agent to Sell the Property

J.W. Lee

RE/MAX Key License #00922283 Listed on: 07/16/2021

RE/MAX Key

Last Buyer's Agent

Jp Chen

Allegro Real Estate Investments, Inc. License #01388034

Allegro Real Estate Investments, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1958

Lot Details

  • 7,998 Sq Ft Lot

Parking

  • 4 Car Detached Garage
  • Garage Door Opener
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,808 Sq Ft Home
  • 2-Story Property
  • Sustainable Flooring

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Range Hood
  • Freezer
  • Dishwasher
  • Disposal

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $107,160

Community Details

Building Details

  • 4 Leased Units
  • Insurance Expense $1,441
  • Maintenance Expense $2,450
  • Other Expense $2,850
  • Utility Expense $4,188
  • Trash Expense $1,702
  • Operating Expense $34,004
  • Gross Income $108,036

Additional Features

  • 2,808 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1958

Lot Details

0

Parking

4

Listing Details

  • Zoning: R-2
  • Subclass: Fourplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2808
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Other, Dishwasher, Freezer, Garbage Disposal, Hood Over Range, Oven Range - Built-In, Refrigerator
  • Living Sq Ft: 2808
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Sustainable Materials
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Common Parking Area, Detached Garage, Gate / Door Opener, Off-Street Parking, On Street

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Campbell Union High

Lot Info

  • Lot Acres: 0.1836
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7998.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7998.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.05
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1441
  • Expense Maintenance: 2450
  • Expenses Other: 2850
  • Expenses Total: 34004
  • Expenses Utility: 4188
  • Expense Trash: 1702
  • Income Annual Gross: 108036.00
  • Income Annual Rental: 107160
  • Income Gross Scheduled: 108036
  • Income Includes: Laundry
  • Income Other: 876
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Utilities - Electric, Utilities - Hot Water, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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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
09/07/2021 09/07/21 Sold $1,900,000 -2.6% $677 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $1,950,000 +39.3% $694 / Sq Ft
03/28/2016 03/28/16 Sold $1,400,000 +7.7% $499 / Sq Ft
03/25/2016 03/25/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $1,300,000 -- $463 / 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: ML81853880

MLSListings

APN: 307-43-069