NOT LISTED FOR SALE
24 Beds
12 Baths
-- Sq Ft
0.41 Acres

Last Sold October 30, 2015

Last sale price $695,000

31 Days on Market

About This Home

As of October 2015

RARE OPPORTUNITY - RENT POTENTIAL IS HIGHER THAN EXISTING RENTS; 12-UNIT IN GREAT CONDITION & GREAT LOCATION WITH BUS STOP & GROCERY STORE ACROSS THE STREET! ALL APARTMENTS ARE 2 BR, 1 BA, EAT-IN KIT. BALCONY OR GARDEN LEVEL PATIO, FULL SIZE W&D, STOVE, REFRIGERATOR, ELEC. BASEBOARD HEAT ADJUSTABLE IN EACH ROOM & WINDOW A/C; EVERY TENANT ON SEP ELEC & WATER METERS; NO GAS. 12 ASSIGNED PKG SPACES & 6 GUEST SPACES; ROOF & GUTTERS 7 YRS, SOME BRAND NEW WINDOWS, NEWER BASEBOARD HEATERS, WINDOW A/C UNITS, PAINT, CARPETS, BALCONIES, ETC. LANDLORD PAYS HALLWAY & EXT. ELEC.; ALL TENANTS ARE MO TO MO, EXCEPT ONE LEASE; SHED BEHIND BUILDING; FAMILY OWNED SINCE 1966; PROOF OF FUNDS OR PRE-APPROVAL LETTER REQ. FOR ALL SHOWINGS.; PLEASE DO NOT BOTHER TENANTS.

Last Agent to Sell the Property

Judy Lorz

Coldwell Banker Real Estate Group License #471001906 Listed on: 07/17/2015

Coldwell Banker Real Estate Group

Last Buyer's Agent

Leah Kapsimalis

RE/MAX Ultimate Professionals License #475128646

RE/MAX Ultimate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,261

Year Built

  • 1957

Lot Details

  • 0.41

Home Design

  • Slab Foundation
  • Aluminum Siding

Utilities

  • Window Unit Cooling System

Community Details

  • Insurance Expense $4,203

Listing and Financial Details

  • Tenant pays for electric, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,261

Year Built

1957

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Corporation
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2014
  • Net Oper Income: 50879
  • Outdoor Parking: 13-18 Spaces
  • Repairs Decor Expense: 7696
  • Scavenger Expense: 835
  • Total Annual Exp: 37971
  • Total Annual Income: 88800
  • Total Monthly Income: 7400
  • Leased Washer Dryer: Yes
  • Number of Ranges: 12
  • Number Of Refrigs: 12
  • Number Of Window A C: 12
  • Number Of Stories: 3
  • Estimated Year Built: 1957
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1957

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Aluminum Siding
  • Acreage: 0.41
  • Construction: Wood Frame
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 18

Utilities

  • Air Conditioner: Window Unit/s
  • Heatventilation: Baseboard
  • Water Expense: 39

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electricity Expense: 489
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 7696

Lot Info

  • Lot Dimensions: 152X118X152X117
  • Parcel Identification Number: 3007051000080000

Rental Info

  • Gross Rental Income: 88800
  • Tenant Pays: Electric, Water/Sewer

Multi Family

  • Expense Year: 2014
  • Insurance Expense: 4203
  • Other Expenses: 2169
  • Number Of Dryers: 12
  • Number Of Washers: 12

Tax Info

  • Taxes: 18046.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2015
Closed on
Oct 30, 2015
Sold by
Redbird Rentals Inc
Bought by
Virtus Properties Llc Series 3
Seller's Agent
Judy Lorz
Coldwell Banker Real Estate Group
Buyer's Agent
Leah Kapsimalis
RE/MAX Ultimate Professionals
List Price
$749,900
Sold Price
$695,000
Premium/Discount to List
-$54,900
-7.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Outstanding Balance
$383,252
Interest Rate
4.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2012
Sold by
Brownlee Carla J
Bought by
Redbird Rentals Inc

Purchase Details

Closed on
Oct 24, 2005
Sold by
Gordon Wanda Lou
Bought by
Gordon Wanda Lou and Brownlee Carla Jean

Purchase Details

Closed on
Feb 23, 1996
Sold by
Brownlee Carla Jean
Bought by
Gordon Wanda Lou

Purchase Details

Closed on
Sep 30, 1995
Sold by
Gordon Wanda Lou
Bought by
Gordon Wanda Lou and Brownlee Carla Jean
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Virtus Properties Llc Series 3 $695,000 Wheatland Title Guaranty
Redbird Rentals Inc -- None Available
Gordon Wanda Lou -- --
Gordon Wanda Lou -- --
Gordon Wanda Lou -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Virtus Properties Llc Series 3 $521,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2015 10/30/15 Sold $695,000 -7.3% --
08/17/2015 08/17/15 Pending -- -- --
07/17/2015 07/17/15 For Sale $749,900 -- --
Source: Midwest Real Estate Data (MRED)

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
2024 $13,261 $158,322 $29,088 $129,234
2023 $13,261 $158,322 $29,088 $129,234
2022 $14,123 $158,322 $29,088 $129,234
2021 $14,879 $158,322 $29,088 $129,234
2020 $14,865 $158,322 $29,088 $129,234
2019 $15,214 $158,322 $29,088 $129,234
2018 $15,776 $158,322 $29,088 $129,234
2017 $16,354 $158,322 $29,088 $129,234
2016 $17,016 $158,322 $29,088 $129,234
2015 $16,494 $158,322 $29,088 $129,234
2014 $16,494 $158,322 $29,088 $129,234
2013 $16,494 $158,322 $29,088 $129,234
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08986167

Midwest Real Estate Data (MRED)

APN: 30-07-05-100-008