NOT LISTED FOR SALE
Studio
5 Baths
-- Sq Ft
2,790 Sq Ft Lot Lot

Sale Details

Date Sold: March 10, 2014

Last sale price $1,100,000

60 Days on Market

Highlights

  • No HOA
  • Radiator
  • 4-minute walk to Neighborhood Park
  • Property is in very good condition

About This Home

As of March 2014

Extremely rare 13-unit apartment building available in Michigan Park. 9 1-bedrooms, 2 efficiencies and 2 2-bedrooms. The building grosses over $6,000 with 6 of the 13 units vacant. Leased units have updated kitchens and original hardwood floors. 3 basement units are in need of renovation and utilities are a commonly metered. Booming developments just minutes away.

Last Agent to Sell the Property

Kymber Lovett-Menkiti

(202) 243-7700 kymber@menkitigroup.com Keller Williams Capital Properties Listed on: 09/26/2013

Keller Williams Capital Properties

Last Buyer's Agent

Anthony Bolling

(240) 737-5000 anthony@anthonybollinggroup.com Keller Williams Preferred Properties License #BR701884

Keller Williams Preferred Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,796

Year Built

  • Built in 1939

Lot Details

  • 2,790 Sq Ft Lot
  • Property is in very good condition

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Plaster Walls

Interior Spaces

  • Casement Windows
  • Oven

Partially Finished Basement

  • Connecting Stairway
  • Side Basement Entry

Utilities

  • Radiator
  • Heating System Uses Oil
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for insurance, repairs, real estate taxes, all utilities
  • Tax Lot 23
  • Assessor Parcel Number 4192//0023

Community Details

Overview

  • No Home Owners Association
  • 13 Units
  • Michigan Park Subdivision

Building Details

  • Operating Expense $25,071

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,796

Year Built

Built in 1939

Lot Details

2,790 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1939
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven - Single, Refrigerator
  • Window Features: Casement
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls
  • Basement: Yes
  • Basement Type: Side Entrance, Connecting Stairway, Partially Finished

Exterior Features

  • Construction Materials: Brick
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 2790
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2790.00
  • Property Condition: Very Good, Below Average
  • Soil Types: Unknown
  • Zoning: R-1-B
  • In City Limits: Yes

Rental Info

  • Owner Pays: Insurance, Repairs, Taxes - Real Estate, All Utilities
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4796.21
  • Assessor Parcel Number: 4192//0023
  • Tax Lot: 23
  • Tax Year: 2012

Multi Family

  • Gross Income: 75122.16
  • Metering: All Common
  • Operating Expense: 25070.72
  • Vacancy Allowance Rate: 46.00
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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 List to Sale Price per Sq Ft
03/10/2014 03/10/14 Sold $1,100,000 -8.3% --
11/25/2013 11/25/13 Pending -- -- --
09/26/2013 09/26/13 For Sale $1,200,000 -- --
Source: Bright MLS

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1003728700

Bright MLS
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