NOT LISTED FOR SALE
33 Beds
33 Baths
19,645 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: July 14, 2018

Last sale price $1,000,000 $51 Per Sq Ft

44 Days on Market

About This Home

As of July 2018

***INVESTOR SPECIAL*** 33 unit multi-family apartment complex. Two buildings 1st building is 16 units and the 2nd building is 17 units totaling 33 units! This building is bringing is great rent with over a 10% cap rate! 95% occupied. Great condition. This will sell fast!

Last Agent to Sell the Property

Justin Zehel

Keller Williams Paint Creek License #MISPE-6501397844 Listed on: 05/19/2018

Keller Williams Paint Creek

Last Buyer's Agent

Laura Sanchez

Creative USA Investment Group LLC License #RCO-6502413397

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1963

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 74x141x74x141

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 33 Bedrooms
  • 33 Full Bathrooms

Laundry

  • Dryer

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • Basement

Community Details

  • Association fees include grounds maintenance, trash removal
  • 33 Units
  • Rugby Subdivision

Listing and Financial Details

  • Assessor Parcel Number 22050857

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,498

Year Built

Built in 1963

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: More Than 2 Stories
  • Total Tax Amount: 7498
  • Year Built: 1963
  • Mail City: Detroit
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator
  • Basement: Yes
  • Bedrooms: 33
  • Full Bathrooms: 33
  • Total Bathrooms: 33

Exterior Features

  • Foundation Type: Basement
  • Roads: Paved Street

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Trash Removal

Lot Info

  • Assessor Parcel Number: 22050857
  • Lot Dimensions: 74x141x74x141
  • Acreage: 0.24
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2017, Amount: $6,684.00
  • Winter Tax: Year: 2017, Amount: $814.00
  • Total Tax: Amount: $7,498.00

Multi Family

  • Total Units: 33

MLS Schools

  • School District: Detroit City School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$881,250
Outstanding Balance
$863,358
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 20, 2018
Sold by
Bought by

Purchase Details

Listed on
May 19, 2018
Closed on
Jul 1, 2018
Sold by
Bought by
Seller's Agent
Justin Zehel
Keller Williams Paint Creek
Buyer's Agent
Laura Sanchez
Creative USA Investment Group LLC
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%

Purchase Details

Closed on
Jul 15, 2011
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.48%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,175,000 Devon Title
-- None Available
$498,945 None Available
-- Metropolitan
$125,000 Multiple
$3,664,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $881,250
Previous Owner $960,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2018 07/14/18 Sold $1,000,000 -16.7% $51 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
05/19/2018 05/19/18 For Sale $1,200,000 -- $61 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,622 $305,700 $0 $0
2024 $8,566 $286,900 $0 $0
2023 $8,340 $232,400 $0 $0
2022 $9,010 $203,600 $0 $0
2021 $9,062 $137,200 $0 $0
2020 $9,059 $113,400 $0 $0
2019 $8,551 $95,500 $0 $0
2018 $6,842 $92,300 $0 $0
2017 $1,627 $86,300 $0 $0
2016 $7,663 $85,000 $0 $0
2015 $8,500 $85,000 $0 $0
2013 $14,984 $149,837 $0 $0
2010 -- $161,369 $8,394 $152,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31347963

Michigan Multiple Listing Service
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