NOT LISTED FOR SALE

Estimated Value: $223,000 - $373,000

7 Beds
2 Baths
2,845 Sq Ft
$102/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $130,000 $46 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $1,876/month

3 Days on Market

Highlights

  • Property is near public transit and bus stop
  • No HOA
  • Porch
  • Attic
  • 2 Car Detached Garage
  • Public Transportation

About This Home

As of June 2021

Own a large turn key, two unit multi-family with big unit mix + 2 car-detached garage in the Hillside area with 10% CAP rate. The 1st floor is a 3 bed/1 bath and 2nd fl is 4 bed/1 bath (2nd and 3rd fl combined) - the property is 100% occupied and will convey that way. Property is updated with vinyl siding, roof approx. 6 years old, mostly replacement windows and remodeled units - hardwood floors, updated kitchens & baths, newer paint + fixtures. There is a drive way with off-street parking and two-car garage in rear. for additional income. The utilities are separate and tenant paid - gas H&HW + updated electrical. There is a full/unfinished basement. This is a LOW expense + LOW maintenance option to start investing or to add to your portfolio. Rents below market - value add opportunity with 13% CAP proforma. This can also be purchased as part of a larger portfolio. DO NOT walk the property or speak to tenants without an appt.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0793328 Listed on: 05/03/2021

Oxford Realty

Last Buyer's Agent

Amanda Sheehan

Oxford Realty License #REB.0793328 Listed on: 05/03/2021

Oxford Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,897

Year Built

  • Built in 1910

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,845 Sq Ft Home
  • Awning
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 2 Car Detached Garage
  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

  • Property is near public transit and bus stop

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Public Transportation
  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,897

Year Built

Built in 1910

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Neighborhood: Hillside
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2845
  • Public Record Living Room Sq Ft: 2845
  • Total Sq Ft: 2845
  • Year Built: 1910
  • Nearby Amenities: Commuter Bus, Health Club, Park, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Hillside to Central or Grove St to Central
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups, Washer/Dryer All Units
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage, Off Street Parking
  • Garages Number: 2
  • Driveway Type: Private

Utilities

  • 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

Lot Info

  • Acres: 0.0900
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 22800
  • Unit Count: 2
  • Total Multi Family: 11
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 2897
  • Mil Rate Base: 60.210
  • Assessor Parcel Number: 1378140

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 30, 2021
Sold by
Rescue Investors Llc
Bought by
Martinez Rafael
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Amanda Sheehan
Oxford Realty
List Price
$145,500
Sold Price
$130,000
Premium/Discount to List
-$15,500
-10.65%
Current Estimated Value
$289,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,293
Avg. Annual Appreciation
18.43%
Original Mortgage
$97,500
Outstanding Balance
$88,466
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$200,827

Purchase Details

Closed on
Mar 9, 2011
Sold by
Castle Home Restoratio
Bought by
Rescue Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.9%

Purchase Details

Closed on
Jun 22, 2010
Sold by
Cole Lawrence and Lawbar Realty Group
Bought by
Us Bk

Purchase Details

Closed on
Oct 15, 2002
Sold by
Iif Llc
Bought by
Breiner Justin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,900
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2002
Sold by
Bank One
Bought by
Iif Llc

Purchase Details

Closed on
Mar 22, 2000
Sold by
Onyiego Zakago
Bought by
Gonzalez Herman A

Purchase Details

Closed on
Sep 18, 1998
Sold by
Smith Claris M
Bought by
Onyiego Zakago and Janzo Estates
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Martinez Rafael $130,000 None Available
Rescue Investors Llc $18,983 --
Castle Home Restoratio $15,000 --
Us Bk -- --
Breiner Justin R $99,900 --
Iif Llc $36,900 --
Gonzalez Herman A $95,000 --
Onyiego Zakago $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Rafael $97,500
Previous Owner Onyiego Zakago $40,000
Previous Owner Onyiego Zakago $89,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $130,000 -10.7% $46 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $145,500 -- $51 / Sq Ft
Source: SmartMLS

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 $4,260 $94,710 $6,440 $88,270
2024 $4,682 $94,710 $6,440 $88,270
2023 $5,132 $94,710 $6,440 $88,270
2022 $2,897 $48,110 $6,470 $41,640
2021 $2,897 $48,110 $6,470 $41,640
2020 $2,897 $48,110 $6,470 $41,640
2019 $2,897 $48,110 $6,470 $41,640
2018 $2,897 $48,110 $6,470 $41,640
2017 $2,926 $48,590 $6,470 $42,120
2016 $2,926 $48,590 $6,470 $42,120
2015 $2,829 $48,590 $6,470 $42,120
2014 $2,829 $48,590 $6,470 $42,120
Source: Public Records

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Map

Source: SmartMLS

MLS Number: 170395497

SmartMLS

APN: WATE-000235-000157-000068

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