NOT LISTED FOR SALE
12 Beds
8 Baths
-- Sq Ft
1958 Built

Last Sold May 19, 2023

Last sale price $570,000

About This Home

As of May 2023

ELEMENTS OF TURN-KEY INVESTMENT AWAITS IN THIS 8-UNIT AUBURN GRESHAM MULTI-FAMILY. THIS PROPERTY BOASTS THE FOLLOWING KEY ESSENTIALS OF A GREAT INVESTMENT: CASH FLOW, CURB APPEAL, COMPUTERIZED HEATING, AND CRAFTSMANSHIP, BEST OF ALL CASH BACK. TAKE ADVANTAGE OF THIS WELL MAINTAINED PROPERTY IN TODAY'S DEMANDING RENTAL MARKET.

Last Agent to Sell the Property

Tameka McClellon

Tameka McClellon License #471022512 Listed on: 02/09/2023

Last Buyer's Agent

Jack Michalkiewicz

Coldwell Banker Realty License #475143917

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,347

Year Built

  • Built in 1958

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Additional Features

  • 2-Story Property
  • Lot Dimensions are 42 x 125
  • Radiator

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $238
  • Fuel Expense $3,047
  • Insurance Expense $2,715
  • Maintenance Expense $675
  • Other Expense $1,547
  • Trash Expense $1,068
  • Water Sewer Expense $1,870
  • Operating Expense $21,092
  • Gross Income $7,655
  • Net Operating Income $70,768

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,347

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1958
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,No Sign on Property
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 12
  • Possible Use: Multi-Family
  • Refrigerators: 8
  • Ranges: 8
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • List Price: 600000
  • Roof: Rubber
  • Roof Structure: Flat
  • Misc Outside: Other

Utilities

  • Electric: Circuit Breakers
  • Heat/Ventilation: Radiators

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1068
  • Water Sewer Expenses: 1870
  • Janitor Expense: 1200

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 42 X 125
  • Land Amenities: Other

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 70768
  • Fuel Expense: 3047
  • Insurance Expense: 2715
  • ElectricExpense: 238
  • GrossIncome: 7655
  • Maintenance Expense: 675
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 21092
  • Expense Year: 2022
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 11347
  • Tax Year: 2021

Range of Values:

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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 Change Sq Ft Price
05/19/2023 05/19/23 Sold $570,000 -5.0% --
02/11/2023 02/11/23 Price Changed $600,000 +4.3% --
02/10/2023 02/10/23 For Sale $575,000 -- --
02/10/2023 02/10/23 Pending -- -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11716333

Midwest Real Estate Data (MRED)