NOT LISTED FOR SALE

Estimated Value: $665,000 - $730,214

16 Beds
8 Baths
-- Sq Ft
10,280 Sq Ft Lot

Last Sold September 15, 2022

Last sale price $625,000

Est. 10% increase in value since last sale

Current estimated payment $4,125/month

26 Days on Market

About This Home

As of September 2022

CALLING ALL INVESTORS!! 8 Units total - fully leased through 7/2023 at an 8 GRM with an annual gross of $81,600. Conveniently located at the corner of Anthony & Dale, right next to all the shopping & dining that North Prospect has to offer with quick Interstate access. Each apartment is flooded with natural sunlight and offers a generous sized living room, updated kitchen with room for dining and lots of closet space! All upper units have balconies and the main floor units have patios. The two buildings provide a semi private space for relaxing outdoors and are recently renovated with new flooring, lighting, bathroom fixtures and paint throughout. Some newer hot water heats, AC's and furnaces as well! Owners cover the shared onsite laundry, lawn care, water, sewer and trash. Listing broker has owner interest and building is self managed.

Last Agent to Sell the Property

Kimberly Clark

RE/MAX REALTY ASSOCIATES-CHA License #475132428 Listed on: 07/13/2022

RE/MAX REALTY ASSOCIATES-CHA

Last Buyer's Agent

Dan Gordon

RE/MAX REALTY ASSOCIATES-CHA License #471022027

RE/MAX REALTY ASSOCIATES-CHA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,790

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 125.43 x 38.98 x 130 x 108.76
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $150
  • Insurance Expense $7,602
  • Other Expense $1,832
  • Trash Expense $1,680
  • Water Sewer Expense $1,889
  • Operating Expense $13,153
  • Gross Income $81,600
  • Net Operating Income $59,658

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,790

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 2
  • Year Built: 1965
  • Built Before 1978 (Y/N): Yes
  • Legal Description: LOTS 21 AND 22 STERN'S INDUSTRIAL SUBD. OF DOBBINS DOWNS
  • Information: 24-Hr Notice Required,No Sign on Property
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 16
  • Basement Description: Crawl
  • Fireplaces: 2
  • Dishwashers: 8
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 2
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 652800
  • Roof: Composition
  • Exterior Building Type: Brick
  • Misc Outside: Balcony/ies,Enclosed Stairs

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Forced Air,Gas
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1680
  • Water Sewer Expenses: 1889
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 125.43 X 38.98 X 130 X 108.76
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 22
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 59658
  • Insurance Expense: 7602
  • ElectricExpense: 150
  • GrossIncome: 81600
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 13153
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 8789.88
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2023
Sold by
Psalm 128 Properties Llc
Bought by
Psalm 128 Properties Llc
Current Estimated Value
$685,047

Purchase Details

Listed on
Jul 13, 2022
Closed on
Sep 15, 2022
Sold by
Clark Capital Property Llc
Bought by
Psalm 128 Properties Llc
Seller's Agent
Kimberly Clark
RE/MAX REALTY ASSOCIATES-CHA
Buyer's Agent
Dan Gordon
RE/MAX REALTY ASSOCIATES-CHA
List Price
$652,800
Sold Price
$625,000
Premium/Discount to List
-$27,800
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.30%
Original Mortgage
$625,000
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2003
Sold by
Fairbanks Jamie A and Fairbanks Yolanda
Bought by
Mira Vista Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Psalm 128 Properties Llc -- None Listed On Document
Psalm 128 Properties Llc $625,000 --
Mira Vista Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Psalm 128 Properties Llc $625,000
Previous Owner Mira Vista Properties Llc $50,000
Previous Owner Mira Vista Properties Llc $503,596
Previous Owner Mira Vista Properties Llc $105,000
Previous Owner Mira Vista Properties Llc $304,000
Previous Owner Mira Vista Properties Llc $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2022 09/15/22 Sold $625,000 -4.3% --
08/11/2022 08/11/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $652,800 +71.8% --
01/12/2018 01/12/18 Sold $380,000 -6.2% --
09/07/2017 09/07/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $405,000 -- --
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 $4,705 $67,390 $12,920 $54,470
2023 $4,705 $62,230 $11,930 $50,300
2022 $4,512 $58,050 $11,130 $46,920
2021 $4,421 $57,020 $10,930 $46,090
2020 $4,395 $56,450 $10,820 $45,630
2019 $4,243 $55,510 $10,640 $44,870
2018 $4,228 $55,510 $10,640 $44,870
2017 $4,237 $55,510 $10,640 $44,870
2016 $3,811 $55,510 $10,640 $44,870
2015 $3,912 $55,510 $10,640 $44,870
2014 $3,854 $55,510 $10,640 $44,870
2013 $3,792 $55,510 $10,640 $44,870
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11465614

Midwest Real Estate Data (MRED)

APN: 03-20-02-103-008