NOT LISTED FOR SALE

1438 Oak St Niles, MI 49120

-- Bed
-- Bath
-- Sq Ft
1921 Built

Last Sold April 13, 2020

Last sale price $140,000

30 Days on Market

Highlights

  • Corner Lot: Yes
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of April 2020

Great investment opportunity! 4-unit apartment building with low vacancy rate. Rents currently generating $1,975 in monthly income. All four units have recently been updated. Beautiful oak hardwood floors in the upstairs unit. All new air conditioning. Roof resealed in 2018. On-site laundry for all tenants. Water & trash included with rent. Tenant responsible for all other utilities. Parking for 7 onsite and street. This also includes vacant buildable lot.

Last Agent to Sell the Property

Kelly London

Berrien Property License #6506047012 Listed on: 02/01/2020

Last Buyer's Agent

Nate Paulus

The Home Source Group License #6501407272

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,730

Year Built

  • Built in 1921

Parking

  • 8 Parking Spaces

Home Design

  • Rubber Roof
  • Aluminum Siding

Basement

  • Michigan Basement

Lot Details

  • Lot Dimensions are 59.x x 125
  • Corner Lot: Yes

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,730

Year Built

Built in 1921

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1921
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 62.5
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 59.x x 125
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1730.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: 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:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Roofing:Rubber: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 150000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Wall Unit(s), Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer, Cable Connected

Lot Info

  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 1730.0
  • Tax Year: 2019
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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 List to Sale Price per Sq Ft
04/13/2020 04/13/20 Sold $140,000 -6.7% --
03/02/2020 03/02/20 Pending -- -- --
02/01/2020 02/01/20 For Sale $150,000 -- --
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 $1,891 $40,300 $0 $0
2024 $936 $38,200 $0 $0
2023 $897 $31,800 $0 $0
2022 $854 $28,500 $0 $0
2021 $2,120 $36,700 $1,700 $35,000
2020 $1,765 $36,700 $0 $0
2019 $1,741 $30,200 $1,800 $28,400
2018 $1,768 $30,200 $0 $0
2017 $1,726 $30,400 $0 $0
2016 $1,697 $29,300 $0 $0
2015 $1,695 $40,900 $0 $0
2014 $860 $28,800 $0 $0
Source: Public Records

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Map

Source: MichRIC

MLS Number: 20003923

MichRIC
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