1428 W Main St Owosso, MI 48867
Highlights
- Fenced Yard
- Attached Garage
- Forced Air Heating and Cooling System
About This Home
As of October 2024Ready to start building your financial future? This 2-unit rental property is your chance to step into the world of real estate investing and watch your money work for you. The current owner is retiring and passing on a well-maintained asset that's been cared for with dedication and sweat equity. Why This Property? Separate Utilities: Tenants handle their own gas and electric, while you cover the water—keeping things simple and straightforward. Unique Charm: Featuring Queen Anne glass windows and distinctive architecture, this property stands out from the rest and will attract quality tenants. Solid Investment: With the potential for steady rental income, this property is a smart move towards building your wealth and achieving financial independence. All you need is a knack for people skills and a willingness to learn the ropes of property management. This is more than just a real estate deal—it's your first step towards long-term success. Come see it for yourself and start your journey to financial freedom today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1920
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 48 x 132
- Fenced Yard
Parking
- Attached Garage
Home Design
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 2-Story Property
- Oven or Range
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 050-090-001-008-00
Community Details
Overview
- 2 Units
- Ab Chipmans Addition To The City Of Owosso Subdivision
Building Details
- Net Operating Income $12,600
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $110,000 | Cislo Title | |
| Deed | $174,000 | -- | |
| Warranty Deed | $42,500 | Chicago Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $108,007 | FHA | |
| Previous Owner | $139,200 | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $50,000 | Purchase Money Mortgage |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2024 10/10/24 | Sold | $110,000 | -7.6% | $77 / Sq Ft |
| 09/11/2024 09/11/24 | Pending | -- | -- | -- |
| 08/29/2024 08/29/24 | For Sale | $119,000 | -- | $83 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $1,610 | $42,600 | $0 | $0 |
| 2023 | $715 | $37,700 | $0 | $0 |
| 2022 | $1,551 | $34,300 | $0 | $0 |
| 2021 | $1,480 | $32,200 | $0 | $0 |
| 2020 | $1,508 | $29,900 | $0 | $0 |
| 2019 | $1,481 | $22,700 | $0 | $0 |
| 2018 | -- | $22,600 | $0 | $0 |
| 2017 | -- | $22,300 | $0 | $0 |
| 2016 | -- | $22,300 | $0 | $0 |
| 2015 | -- | $22,100 | $0 | $0 |
| 2014 | -- | $21,900 | $0 | $0 |
Source: Michigan Multiple Listing Service
MLS Number: 50154579
APN: 050-090-001-008-00
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Source MLS: MiRealSource
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