NOT LISTED FOR SALE

Estimated Value: $205,000 - $309,000

-- Bed
4 Baths
-- Sq Ft
15,682 Sq Ft Lot

Last Sold June 29, 2015

Last sale price $122,000

Est. 104% increase in value since last sale

Current estimated payment $1,518/month

77 Days on Market

Highlights

  • Hot Water Heating System
  • High Speed Internet
  • 4-minute walk to Adda Dilts Peace Park

About This Home

As of June 2015

Looking for a 16-18% ROI, this easy to own and operate property is for you! This low maintenance 4 unit rental is a wonderful investment property. Exterior is brick and low maintenance all around. Each unit rents for $660. Each unit has 2 bedrooms and one bath. The basement has storage units for tenants (currently not being used but available). Tenants pay electric and trash currently & owner pays water/sewer and gas. Easy to rent and maintain. See attached spreadsheet for breakdown on expenses and revenue for this property. Call L/A today for a showing.

Last Agent to Sell the Property

Emily Parfet

Berkshire Hathaway HomeServices MI License #6501370386 Listed on: 02/16/2015

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Jessica Ward

Advanced Realty Global

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 15,681 Sq Ft Lot
  • Lot Dimensions are 120 x 130

Parking

  • 10 Parking Spaces

Home Design

  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Propane
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • Well
  • High Speed Internet
  • Internet Available
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for trash collection
  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.36 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1959
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Lot Dimensions: 120 x 130
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3546.92
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Heat Type:Hot Water: Yes
  • Utilities Attached:Extra Well: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Utilities Attached:Propane3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Brick
  • List Price: 148000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Utilities: Propane, Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.36
  • Lot Size Area: 0.36
  • Lot Size Sq Ft: 15681.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Trash Collection

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3546.92
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2020
Sold by
Vanboxtel Clint
Bought by
Jones Tevin A
Current Estimated Value
$249,013

Purchase Details

Listed on
Feb 16, 2015
Closed on
Jun 29, 2015
Sold by
Cepheus Properties Llc
Bought by
Vanboxtel Clint
Seller's Agent
Emily Parfet
Berkshire Hathaway HomeServices MI
Buyer's Agent
Jessica Ward
Advanced Realty Global
List Price
$148,000
Sold Price
$122,000
Premium/Discount to List
-$26,000
-17.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%
Original Mortgage
$91,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2006
Sold by
North Drummond Island Tea Co Llc
Bought by
Cepheus Properties Llc

Purchase Details

Closed on
Oct 31, 2003
Sold by
Wells Fargo Bank Minnesota Na
Bought by
North Drummond Island Tea Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2003
Sold by
Coleman F Jean
Bought by
Wells Fargo Bank Minnesota Na
Source: Public Records
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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
Jones Tevin A $123,000 Ata National Title Group Llc
Vanboxtel Clint $122,000 Attorneys Title Agency
Cepheus Properties Llc -- The Talon Grp
North Drummond Island Tea Co Llc $110,700 Title Bond
Wells Fargo Bank Minnesota Na $108,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanboxtel Clint $91,500
Previous Owner North Drummond Island Tea Co Llc $307,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2015 06/29/15 Sold $122,000 -17.6% --
05/04/2015 05/04/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $148,000 -- --
Source: MichRIC

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 $2,498 $112,600 $0 $0
2024 $2,299 $95,200 $0 $0
2023 $2,192 $88,500 $0 $0
2022 $3,734 $72,800 $0 $0
2021 $3,725 $70,400 $0 $0
2020 $2,864 $68,600 $0 $0
2019 $3,725 $60,200 $0 $0
2018 $3,639 $54,400 $0 $0
2017 $3,232 $53,300 $0 $0
2016 $3,232 $52,800 $0 $0
2015 $3,232 $49,300 $0 $0
2014 $3,232 $45,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 15006140

MichRIC

APN: 06-16-175-098

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