NOT LISTED FOR SALE

Estimated Value: $1,382,743

Studio
1 Bath
-- Sq Ft
0.87 Acres

Last Sold January 28, 2022

Last sale price $1,100,000

Est. 26% increase in value since last sale

Current estimated payment $8,389/month

58 Days on Market

About This Home

As of January 2022

Solid 16 unit with good rental history and cash flow. 11 two bedroom units and 5 one bedroom units. Located in the Parchment community just outside of Kalamazoo. Property features paved parking, coin laundry, separate electric, and low maintenance aluminum siding. Take advantage of the low interest rates to lock in your cash flow.

Last Agent to Sell the Property

Patrick O'Brien

O'Brien Real Estate License #6502102326 Listed on: 10/12/2021

Last Buyer's Agent

THOMAS Tersigni

Brookstone Realtors LLC License #6501416262

Brookstone Realtors LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,987

Year Built

  • Built in 1973

Lot Details

  • 0.87 Acre Lot

Parking

  • 30 Parking Spaces

Home Design

  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Buildings
  • 16 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,987

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 1100000.0
  • Number of Buildings: 2

Garage/Parking

  • Total Parking Spaces: 30.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.87
  • Lot Size Area: 0.87
  • Lot Size Sq Ft: 37810.0
  • Zoning Description: R-M MUL
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electricity

Multi Family

  • Number of Units Total: 16

Tax Info

  • Tax Annual Amount: 10986.7
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Jan 28, 2022
Sold by
Kraiss Bruce J
Bought by
1710Egave Llc
Seller's Agent
Patrick O'Brien
O'Brien Real Estate
Buyer's Agent
THOMAS Tersigni
Brookstone Realtors LLC
Sold Price
$1,100,000
Current Estimated Value
$1,382,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,743
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Dec 9, 2004
Sold by
Kraiss Beverly A
Bought by
Kraiss Bruce J
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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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
1710Egave Llc $1,100,000 First American Title
Kraiss Bruce J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $1,100,000 0.0% --
11/12/2021 11/12/21 Pending -- -- --
10/12/2021 10/12/21 For Sale -- -- --
09/22/2021 09/22/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $1,100,000 -- --
Source: MichRIC

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 $12,612 $252,300 $0 $0
2024 $12,534 $259,200 $0 $0
2023 $15,124 $230,600 $0 $0
2022 $11,288 $202,900 $0 $0
2021 $10,976 $154,100 $0 $0
2020 $10,987 $154,900 $0 $0
2019 $11,098 $159,800 $0 $0
2018 $12,620 $189,100 $0 $0
2017 -- $189,100 $0 $0
2016 -- $178,673 $0 $0
2015 -- $196,551 $0 $0
2014 -- $196,056 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21105856

MichRIC

APN: 06-02-201-040