$2,080,000
SOLD JUN 1, 2025
64 Beds
40 Baths
26,007 Sq Ft
0.75 Acres

Recently Sold

$80 Per Sq Ft

17% Below List Price

52 Days on Market

About This Home

As of June 2025

This sale includes multiple properties 40 units in total. 121 N Woodbridge, 24 unit multifamily apartment building (8-2BR units, 16-1 BR units), 2129 Weiss St quadplex (4-2 BR Units), and 2215 Weiss St three quadplex buildings (12-2BR units). Only 2.5% vacancy maintained over the last several years leading up to fall 2024. One unit in the quadplex (2129 Weiss) had a kitchen fire in the spring of 2024. Owner is negotiable on the repairs as it is currently under rehab, it has passed electrical inspections. Current rents are well below market rents! Excluding the current vacancy loss & excess fire damage repairs in 2024, this property is being offered a 7.3% Cap. Woodbridge units have water included with rent, electric is sub metered. Weiss quadplex units have water and heat included with rent, electric is sub metered. No showings without an accepted LOI & Proof of Funds.

Last Agent to Sell the Property

Chris Gustafson

Real Broker LLC License #6501407906 Listed on: 02/22/2025

Co-Listed By

Abigail Gustafson

Real Broker LLC License #6501427186

Last Buyer's Agent

Unidentified Agent

Unidentified Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1966

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 300.00 x 108.80

Parking

  • 24 Parking Spaces

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 40 Full Bathrooms
  • 26,007 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • 40 Units
  • P C & E C Andres Add Saginaw City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20019000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,248

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Traditional
  • Architecture Level: 2 Story
  • Year Built: 1966
  • State Equalized Value: 355800.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Closed Circuit Camera(s), Fire Alarm
  • Total Bathrooms: 40.00
  • Full Bathrooms: 40
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 26007
  • Total Sq Ft: 26007
  • Sq Ft Total Bsmt: 1000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 408
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Carport
  • Total Parking Spaces: 24

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Radiant
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Fee Information

  • Operating Expense: 119647.00

Schools

  • School District: Saginaw City

Lot Info

  • Lot Size Area: 0.75
  • Lot Dimensions: 300.00 x 108.80
  • Parcel Number: 20019000000
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 500000.00
  • Rent Includes: Heat, Water
  • Monthly Rental Income: 25480

Tax Info

  • Tax Amount Summer: 18836.0000
  • Tax Amount Winter: 3412.0000
  • Total Tax: 22248.0000
  • Taxable Value: 307953.0000

Multi Family

  • Gross Scheduled Income: 305760.00
  • Number Of Units Total: 40
  • Number of One Bedroom Units: 16
  • Number of Two Bedroom Units: 24
  • Number Of Units Leased: 31

MLS Schools

  • School District: Saginaw City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2025
Closed on
Jun 1, 2025
Sold by
Pinnacle Pm Llc
Bought by
Woodbridge Place Apartments Llc and Bartosiewicz
Seller's Agent
Chris Gustafson
Real Broker LLC
Buyer's Agent
Unidentified Agent
Unidentified Office
List Price
$2,500,000
Sold Price
$2,080,000
Premium/Discount to List
-$420,000
-16.8%
Views
43
Current Estimated Value
$642,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,437,742

Purchase Details

Closed on
May 23, 2024
Sold by
Ronald E Bennett Trust and Bennett Investment Company
Bought by
Pinnacle Pm Llc

Purchase Details

Closed on
Jul 21, 2016
Sold by
Bennett Gabriela K and Bennett Ronald E
Bought by
Bennett Ronald E Trust and Ronald E Bennett Trust

Purchase Details

Closed on
Apr 12, 2002
Sold by
Bennett Jean M
Bought by
Bennett Ronald E

Purchase Details

Closed on
Mar 12, 2002
Sold by
Harvey, June C Tr
Bought by
Bennett Investment Co

Purchase Details

Closed on
Feb 25, 1991
Sold by
Bennett Ronald E and Bennett Jean M
Bought by
Harvey Harvey R and Harvey June C

Purchase Details

Closed on
Oct 7, 1985
Sold by
Harvey Harvey R and Harvey June C
Bought by
Harvey, June C Tr

Purchase Details

Closed on
Jul 19, 1984
Sold by
Harvey Harvey R and Harvey June
Bought by
Bennett Ronald
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 Type Sale Price Title Company
Contract Of Sale -- None Listed On Document
Warranty Deed $640,000 None Listed On Document
Warranty Deed -- --
Deed -- --
Deed $340,000 --
Warranty Deed $340,000 --
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2025 06/01/25 Sold $2,080,000 -16.8% $80 / Sq Ft
04/15/2025 04/15/25 Pending -- -- --
02/22/2025 02/22/25 For Sale $2,500,000 +290.6% $96 / Sq Ft
05/16/2019 05/16/19 Sold $640,000 0.0% $33 / Sq Ft
05/07/2019 05/07/19 Pending -- -- --
05/05/2019 05/05/19 For Sale $640,000 -- $33 / Sq Ft
Source: Realcomp

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 $18,836 $379,200 $0 $0
2024 $18,836 $355,800 $0 $0
2023 $18,081 $326,800 $0 $0
2022 $21,133 $289,600 $0 $0
2021 $19,883 $270,400 $0 $0
2020 $18,315 $272,600 $0 $0
2019 $16,766 $286,900 $22,800 $264,100
2018 $13,149 $260,590 $0 $0
2017 $15,096 $262,300 $0 $0
2016 $14,960 $265,134 $0 $0
2013 -- $229,246 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250011601

Realcomp

APN: 92000190000000