NOT LISTED FOR SALE
17 Beds
7 Baths
7,464 Sq Ft
3,886 Sq Ft Lot

Sale Details

Date Sold: April 26, 2019

Last sale price $65,000 $9 Per Sq Ft

194 Days on Market

About This Home

As of April 2019

Fully rented 6 unit with cash cow potential!! Easy access to the expressway and the major, City approved strip mall project just blocks away make this is a very attractive area for this investment. Building has violations, is in need of extensive repairs and is offered "AS-IS". Five 3 Bedroom units and one-2 bedroom unit.

Last Agent to Sell the Property

Dwayne Hirsch

eXp Realty License #475163798 Listed on: 06/11/2018

eXp Realty

Last Buyer's Agent

Valerie Wright

RE/MAX Premier License #475148965

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,886

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 17 Bedrooms
  • 3-Story Property

Additional Features

  • 3,886 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $500
  • Water Sewer Expense $1,000
  • Operating Expense $2,000
  • Gross Income $52,200
  • Net Operating Income $50,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

3,886 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1900
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 17
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • Exterior Building Type: Brick

Utilities

  • Heat/Ventilation: Forced Air

Fee Information

  • Water Sewer Expenses: 1000

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 3886
  • Lot Size Sq Ft: 3886
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 50200
  • ElectricExpense: 500
  • GrossIncome: 52200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 2000
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 5340
  • Tax Year: 2016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2018
Closed on
Apr 24, 2019
Sold by
Bought by
Seller's Agent
Dwayne Hirsch
eXp Realty
Buyer's Agent
Valerie Wright
RE/MAX Premier
List Price
$115,000
Sold Price
$65,000
Premium/Discount to List
-$50,000
-43.48%

Purchase Details

Closed on
Nov 30, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 6, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
7.75%
Mortgage Type
Commercial
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$65,000 Liberty Title & Escrow Co
-- --
$80,000 Rei Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $93,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/26/2019 04/26/19 Sold $65,000 -43.5% $9 / Sq Ft
12/28/2018 12/28/18 For Sale $115,000 +76.9% $15 / Sq Ft
12/22/2018 12/22/18 Pending -- -- --
11/16/2018 11/16/18 Off Market $65,000 -- --
09/25/2018 09/25/18 Price Changed $115,000 -11.5% $15 / Sq Ft
08/31/2018 08/31/18 Price Changed $130,000 -13.3% $17 / Sq Ft
06/11/2018 06/11/18 For Sale $150,000 -- $20 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,321 $38,000 $1,166 $36,834
2024 $2,321 $38,000 $1,166 $36,834
2023 $2,262 $11,000 $2,526 $8,474
2022 $2,262 $11,000 $2,526 $8,474
2021 $2,212 $10,999 $2,525 $8,474
2020 $2,857 $12,825 $2,525 $10,300
2019 $3,137 $15,616 $2,525 $13,091
2018 $3,085 $15,616 $2,525 $13,091
2017 $5,739 $26,660 $2,331 $24,329
2016 $5,340 $26,660 $2,331 $24,329
2015 $4,885 $26,660 $2,331 $24,329
2014 $4,066 $21,914 $2,137 $19,777
2013 $3,986 $21,914 $2,137 $19,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09982684

Midwest Real Estate Data (MRED)

APN: 20212110250000

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