NOT LISTED FOR SALE

Estimated Value: $128,423 - $212,000

4 Beds
2 Baths
2,190 Sq Ft
$77/Sq Ft Est. Value

Last Sold October 30, 2018

Last sale price $83,000 $38 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,081/month

23 Days on Market

Highlights

  • Enclosed patio or porch
  • Forced Air Heating System
  • Ceiling Fan
  • Cass Technical High School Rated 10

About This Home

As of October 2018

Attention Investors! This tenanted multi-family two bed two bath home is currently for sale. The property has been professionally managed for years and all updates/improvements have been completed. Both two bedroom one bath units have been completely updated and boast gorgeous hardwood flooring. All mechanicals are new/completely serviced and the home has been well maintained by the management company. The neighborhood is in one of Detroit's most popular and sought after rental areas and close to University of Detroit and Marygrove College. The area also is one of the locations selected by the City of Detroit for revitalization funds and investment opportunities for business. Current management in place and can be transferred for easy transition. Showings with accepted offer ONLY as to not disturb tenants. This home is also part of a package and rent rolls and further information can be provided by agent. This income generator will not last long! BATVAI. No Virtual Showings.

Last Agent to Sell the Property

Nyota Ellis

Century 21 Curran & Oberski License #6501374603 Listed on: 08/05/2018

Century 21 Curran & Oberski

Last Buyer's Agent

Nyota Ellis

Century 21 Curran & Oberski License #RCO-6501374603

Century 21 Curran & Oberski

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1941 | Remodeled in 2015

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40.00x117.37

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 2,190 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Outdoor Features

  • Enclosed patio or porch

Utilities

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

Community Details

  • 2 Units
  • Nagels Golf Club Subdivision

Listing and Financial Details

  • Assessor Parcel Number W08I010067S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,673

Year Built

Built in 1941 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1941
  • Year Renovated: 2015
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2190
  • Total Sq Ft: 2190
  • Sq Ft Total Bsmt: 500

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Frontage Feet: 40
  • Porch Type: Porch, Porch - Enclosed
  • Road Frontage Type: Paved
  • Sideof Street: E

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 763636.3636
  • Lot Size Area: 0.11
  • Lot Dimensions: 40.00X117.37
  • Parcel Number: W08I010067S
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1425

Tax Info

  • Tax Amount Summer: 1529.0000
  • Tax Amount Winter: 144.0000
  • Total Tax: 1673.0000

Multi Family

  • Gross Scheduled Income: 17100.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2019
Sold by
Smith Patrick M
Bought by
P3 Baylis Llc
Total Days on Market
23
Current Estimated Value
$167,856

Purchase Details

Listed on
Aug 5, 2018
Closed on
Oct 30, 2018
Sold by
Gba Real Estate Holdings Inc
Bought by
Smith Patrick
Seller's Agent
Nyota Ellis
Century 21 Curran & Oberski
Buyer's Agent
Nyota Ellis
Century 21 Curran & Oberski
List Price
$84,000
Sold Price
$83,000
Premium/Discount to List
-$1,000
-1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$62,250
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2015
Sold by
16894 Baylis Llc
Bought by
Gba Real Estate Holdings Inc

Purchase Details

Closed on
Jul 8, 2014
Sold by
Tsoukales Nikitas
Bought by
16894 Baylis Llc

Purchase Details

Listed on
Mar 11, 2014
Closed on
Apr 22, 2014
Sold by
The Estate Of Bertha Yeager
Bought by
Tsoukales Nikitas
Seller's Agent
Darralyn Bowers
Bowers Realty & Investments, Inc
Buyer's Agent
Nyota Ellis
Century 21 Curran & Oberski
List Price
$29,900
Sold Price
$28,280
Premium/Discount to List
-$1,620
-5.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.77%
Source: Public Records

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Range of Values:

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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
P3 Baylis Llc -- None Available
Smith Patrick $83,000 Title One Inc
Gba Real Estate Holdings Inc -- None Available
16894 Baylis Llc -- None Available
Tsoukales Nikitas $28,280 Red Carpet Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Patrick $62,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2018 10/30/18 Sold $83,000 -1.2% $38 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
08/05/2018 08/05/18 For Sale $84,000 +197.0% $38 / Sq Ft
04/22/2014 04/22/14 Sold $28,280 -5.4% $13 / Sq Ft
03/27/2014 03/27/14 Pending -- -- --
03/11/2014 03/11/14 For Sale $29,900 -- $14 / 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
2024 $2,283 $54,000 $0 $0
2023 $2,465 $42,500 $0 $0
2022 $2,638 $38,400 $0 $0
2021 $2,562 $29,400 $0 $0
2020 $2,561 $25,100 $0 $0
2019 $1,959 $18,300 $0 $0
2018 $1,503 $15,100 $0 $0
2017 $288 $15,200 $0 $0
2016 $1,790 $30,300 $0 $0
2015 $1,920 $19,200 $0 $0
2013 $1,893 $30,692 $0 $0
2010 -- $42,599 $1,114 $41,485
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218075063

Realcomp

APN: 08-010067