$300,000
SOLD JUL 10, 2025
8 Beds
5 Baths
4,020 Sq Ft
1.41 Acres

Recently Sold

$75 Per Sq Ft

8% Below List Price

56 Days on Market

Highlights

  • 1.41 Acre Lot
  • Farmhouse Style Home
  • Forced Air Heating System

About This Home

As of July 2025

Spectacular opportunity to own this well-maintained 5-unit apartment building In Lapeer Twp! Owned by the same family for over 45 years. Situated on the top of the hill off the corner of Myers Rd and M-21 and better known as the “East Hill Apartments”. Each of the 5 units have their own separate utility meters (natural gas & electric). The entire building boasts over 4,000 square feet. Unit 1 is 675 sq ft on the first floor with 2 bedrooms, 1 bath, kitchen, plus laundry. Unit 2 is 1,100 sq ft lower and upper floor with 2 bedrooms, 1 bath, a living room, kitchen, laundry and enclosed porch. Unit 3 is 648 sq ft on the first floor with 1 bedroom, 1 bath, kitchen and laundry. Unit 4 is 1,108 sq ft on the second floor and has 2 bedrooms, 1 bath, kitchen, living room and laundry. Unit 5 is 576 sq ft on the first floor and has 1 bedroom, 1 bath, kitchen, living room and a screened porch. All 5 units have their own separate entrances and 4 out of 5 units have their own laundry hookup. Several of the apartments have been rented by the same tenants for many years. The roof, windows, siding, attic insulation and ventilation have been upgraded over approximately the past 10-15 years. A separate half an acre lot is included in the sale and is located directly to the north. This additional lot offers many opportunities and could be utilized for a potential garage building/carport. Conveniently located just a few minutes to downtown Lapeer or I-69.

Last Agent to Sell the Property

Brandon Rowley

Realty Executives Main St LLC License #6501397411 Listed on: 05/12/2025

Realty Executives Main St LLC

Last Buyer's Agent

Alex Hagopian

KW Showcase Realty License #6501384325

KW Showcase Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1890

Lot Details

  • 1.41 Acre Lot
  • Lot Dimensions are 127.00 x 272.00

Home Design

  • Farmhouse Style Home
  • Stone Foundation
  • Vinyl Construction Material

Interior Spaces

  • 5 Full Bathrooms
  • 4,020 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01200403900

Community Details

Overview

  • 5 Units

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,377

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Farmhouse
  • Architecture Level: 2 Story
  • Assessment: 75.00
  • Year Built: 1890
  • State Equalized Value: 148600.0000
  • Pets Allowed: Number Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 4020
  • Total Sq Ft: 4020
  • Sq Ft Total Bsmt: 984

Exterior Features

  • Foundation Details: Crawl, Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Stone
  • Road Frontage Type: Paved
  • Sideof Street: W

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: Electric
  • Water Source: Well (Existing)

Fee Information

  • Operating Expense: 13150.00

Schools

  • School District: Lapeer

Lot Info

  • Lot Size Area: 1.41
  • Lot Dimensions: 127.00 x 272.00
  • Parcel Number: 01200403900
  • Zoning: Commercial

Rental Info

  • Monthly Rental Income: 3500

Tax Info

  • Tax Amount Summer: 846.0000
  • Tax Amount Winter: 2531.0000
  • Total Tax: 3377.0000
  • Taxable Value: 87265.0000

Multi Family

  • Gross Scheduled Income: 41500.00
  • Number Of Units Total: 5
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 3
  • Number Of Units Leased: 4

MLS Schools

  • School District: Lapeer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2025
Closed on
Jul 9, 2025
Sold by
Robert A Miller Revocable Trust and Betty P Miller Revocable Trust
Bought by
Across The Map Llc
Seller's Agent
Brandon Rowley
Realty Executives Main St LLC
Buyer's Agent
Alex Hagopian
KW Showcase Realty
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Views
89

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
152.53%
Original Mortgage
$195,000
Outstanding Balance
$194,835
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$176,405
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $300,000 None Listed On Document
Warranty Deed $300,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 New Conventional
Closed $195,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Sold $300,000 -7.7% $75 / Sq Ft
07/07/2025 07/07/25 Pending -- -- --
05/12/2025 05/12/25 For Sale $325,000 -- $81 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

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 $3,494 $150,300 $0 $0
2024 $846 $148,600 $0 $0
2022 $2,977 $108,600 $0 $0
2021 $2,977 $103,000 $0 $0
2020 $2,945 $99,100 $0 $0
2019 $2,953 $88,100 $0 $0
2018 $2,772 $78,400 $25,400 $53,000
2017 $2,740 $74,300 $0 $0
2016 $2,740 $70,300 $17,500 $52,800
2015 $3,190 $85,300 $17,500 $67,800
2014 $3,190 $80,500 $17,500 $63,000
2013 $3,190 $78,600 $78,600 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250034437

Realcomp

APN: 012-004-039-00