NOT LISTED FOR SALE

1231 S Kalamazoo Ave Marshall, MI 49068

-- Bed
-- Bath
-- Sq Ft
0.76 Acres

Last Sold March 01, 2013

Last sale price $92,000

20 Days on Market

About This Home

As of March 2013

7 unit income producing property in Marshall City HAS HAD A SIGNIFICANT FACE LIFT! Owner has recently put about $25,000 into this property with interior and exterior painting, porch and fascia repair, appliances and other needed cosmetic fixes. Three 1-bedroom apartments rent for $550/ea. Two 2-bedrooms at $650/ea., and another 2-bedroom at $600 plus efficiency rents at $400/mo. Tenant pays only phone and cable, tenants wanting window A/C pay $1.00 per day extra. Must have 24 hour notice to show, manager will accompany all showings and open units. Annual utilities include gas, electric, water and sewer.

Last Agent to Sell the Property

Lisa Damron

RE/MAX Perrett Associates License #6502103671 Listed on: 12/14/2012

RE/MAX Perrett Associates

Last Buyer's Agent

Nancy Stulberg

Real Estate One Rosemary Davis License #6501345399

Real Estate One Rosemary Davis

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1880

Lot Details

  • 0.76 Acre Lot

Parking

  • 14 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Utilities

  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $4,036
  • Maintenance Expense $1,757
  • Operating Expense $36,824
  • Gross Income $47,040
  • Net Operating Income $10,216

Property Details

Home Type

Apartment

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 99900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 14.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.76
  • Lot Size Area: 0.76
  • Lot Size Sq Ft: 33106.0
  • Zoning Description: I 1-lig

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 47040.0
  • Insurance Expense: 4036.0
  • Maintenance Expense: 1757.0
  • Net Operating Income: 10216.0
  • Number of Units Total: 4
  • Operating Expense: 36824.0

Tax Info

  • Tax Annual Amount: 6739.0

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

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2013 03/01/13 Sold $92,000 -7.9% --
01/03/2013 01/03/13 Pending -- -- --
12/14/2012 12/14/12 For Sale $99,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lisa Damron

    Seller's Agent in 2013

    Lisa Damron

    RE/MAX Michigan

    (269) 209-5200

    1 in this area

    7 Total Sales

    Lisa Damron
    Section Image

  • N

    Buyer's Agent in 2013

    Nancy Stulberg

    Real Estate One Rosemary Davis

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12064586

Southwestern Michigan Association of REALTORS®
Michigan Calhoun County Marshall 49068

1231 S Kalamazoo Ave, Marshall, MI

This home is located at 1231 S Kalamazoo Ave, Marshall, MI 49068 since 14 December 2012. This property was built in 1880. 1231 S Kalamazoo Ave is a home located in Calhoun County with nearby schools including Harrington Elementary School, Marshall High School, and Marshall Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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