NOT LISTED FOR SALE
11 Beds
6 Baths
-- Sq Ft
1982 Built

Last Sold November 07, 2019

Last sale price $555,000

58 Days on Market

About This Home

As of November 2019

GREAT INCOME POTENTIAL; 6 units, all brick rental investment property, professionally landscaped at SILVER LAKE CONDO COMPLEX area, clean and spacious FIVE 2BED/1BATH and ONE 1BED/1BATH units; balconies/patios overlook water/pond; Tenants pay Heat and Electric; Private Parking spaces (12); Low association fee (260/mo) includes parking lot, lawn, snow, scavenger; Washer/Dryer owned; New Roof w/complete plywood teardown in DEC2015; INTERIOR HALLWAYS/LAUNDRY UPDATED RECENTLY MAY2019; FRONT/REAR ENTRY DOORS NEW; Great Rental Location with LONG TERM tenants; Close to major highways and shopping; great school district.

Last Agent to Sell the Property

Marigo Kardaris

Kale Realty License #471014650 Listed on: 05/27/2019

Kale Realty

Last Buyer's Agent

Rutul Parekh

ARNI Realty Incorporated License #471021588

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Year Built

  • 1982

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Crawl Space
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $1,700

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat, hot water

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Current Use: Residential-Multi-Family
  • Potential Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2018
  • Net Oper Income: 35375
  • Outdoor Parking: 6-12 Spaces
  • Owners Assoc: Yes
  • Repairs Decor Expense: 1500
  • Roof Coverings: Shingle Composition
  • Roof Structure: Hip
  • Total Annual Exp: 24265
  • Total Annual Income: 59640
  • Total Monthly Income: 4970
  • Number of Ranges: 6
  • Number Of Refrigs: 6
  • Number Of Window A C: 6
  • Number Of Stories: 3
  • Estimated Year Built: 1982
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1982

Interior Features

  • Basement: Crawl

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: Frontage Road

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Air Conditioner: Wall Sleeve
  • Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors
  • Heatventilation: Electric, Baseboard, Radiant
  • Water Expense: 3850

Condo/Co-op/Association

  • Units in Building: 6
  • Assessment Includes: Parking, Common Insurance, Lawn Care, Scavenger, Snow Removal

Fee Information

  • Electricity Expense: 1440
  • Electrical Service: Circuit Breakers
  • Janitor Expense: 720

Lot Info

  • Lot Dimensions: 60X54X53X43
  • Land Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks, Cable Ready
  • Parcel Identification Number: 02122060640000

Rental Info

  • Gross Rental Income: 59640
  • Tenant Pays: Air Conditioning, Electric, Heat, Hot Water

Multi Family

  • Expense Year: 2018
  • Insurance Expense: 1700
  • Other Expenses: 3120
  • Number Of Dishwashers: 1
  • Number Of Dryers: 1
  • Number Of Washers: 1

Tax Info

  • Taxes: 11935

Range of Values:

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Sold Price
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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 Change Sq Ft Price
11/07/2019 11/07/19 Sold $555,000 -2.6% --
07/24/2019 07/24/19 Pending -- -- --
07/04/2019 07/04/19 For Sale $569,900 +2.7% --
06/07/2019 06/07/19 Off Market $555,000 -- --
05/27/2019 05/27/19 For Sale $569,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10393419

Midwest Real Estate Data (MRED)