NOT LISTED FOR SALE

15721 U S 12 Union, MI 49130

Estimated Value: $141,000 - $466,000

Studio
-- Bath
-- Sq Ft
1.41 Acres

Last Sold June 07, 2021

Last sale price $135,000

Est. 96% increase in value since last sale

Current estimated payment $1,394/month

186 Days on Market

About This Home

As of June 2021

Income generating property and investment opportunity! 2 lots with 5 total units, all currently occupied. The front lot is zoned commercial and has road frontage on US 12 in Union. It currently contains 1 rental trailer. The back lot has a duplex and 2 more rental trailers. Can keep it as an income property or convert to a commercial use.

Total current revenue is just over 3500 per month. 15721 - 140 per wk. 15723 - 175 per wk. 15725A - 175 per wk. 15725B - 180 per wk. 15727 140 per wk.

Last Agent to Sell the Property

William Russell

Weichert Realtors-Gold Star License #6501419598 Listed on: 10/15/2020

Weichert Realtors-Gold Star

Last Buyer's Agent

Corey Johnson

Starbrick Property Group License #6502433602

Starbrick Property Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,297

Year Built

  • Built in 2007

Lot Details

  • 1.41 Acre Lot

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5 Fireplaces
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Cable TV Available

Community Details

  • 5 Buildings
  • 5 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,297

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 2007
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 174 X 86 and 213 X 222
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1297.0
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 5.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 5
  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 149900.0
  • Number of Buildings: 5
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Cable Available, Natural Gas Connected
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 1.41
  • Lot Size Area: 1.41
  • Lot Dimensions: 174 X 86 and 213 X 222
  • Lot Size Sq Ft: 61420.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 1297.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2022
Sold by
Ramsey Kyle
Bought by
Fernandez Maria G
Current Estimated Value
$264,333

Purchase Details

Listed on
Oct 15, 2020
Closed on
Jun 7, 2021
Sold by
Combs Arthur F and Combs Karen A
Bought by
Ramsey Kyle
Seller's Agent
William Russell
Weichert Realtors-Gold Star
Buyer's Agent
Corey Johnson
Starbrick Property Group
List Price
$209,900
Sold Price
$135,000
Premium/Discount to List
-$74,900
-35.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.80%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Fernandez Maria G $115,000 Near North Title Group
Ramsey Kyle -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ramsey Kyle $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2021 06/07/21 Sold $135,000 -35.7% --
04/19/2021 04/19/21 Pending -- -- --
10/15/2020 10/15/20 For Sale $209,900 -- --
Source: MichRIC

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 $155 $4,300 $4,300 $0
2024 $37 $3,600 $3,600 $0
2023 $35 $3,300 $0 $0
2022 $28 $2,600 $0 $0
2021 $445 $14,600 $0 $0
2020 $1,132 $13,000 $0 $0
2019 $1,292 $10,900 $0 $0
2018 $101 $10,900 $0 $0
2017 $99 $9,700 $0 $0
2016 $98 $9,100 $0 $0
2015 -- $11,100 $0 $0
2011 -- $10,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Russell

    Seller's Agent in 2021

    William Russell

    Weichert Realtors-Gold Star

    (269) 228-2700

    56 Total Sales

    William Russell
    Section Image

  • C

    Buyer's Agent in 2021

    Corey Johnson

    Starbrick Property Group

    (574) 261-6505

    17 Total Sales

    Corey Johnson
    Section Image
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Map

Source: MichRIC

MLS Number: 20043567

MichRIC

APN: 14-120-207-050-01

Michigan Cass County Union City 49130

15721 U S 12, Union City, MI

Not Listed for Sale

MultiFamily

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