NOT LISTED FOR SALE

181 Cortland St Highland Park, MI 48203

8 Beds
4 Baths
3,024 Sq Ft
7,841 Sq Ft Lot

Last Sold September 14, 2021

Last sale price $210,000 $69 Per Sq Ft

24 Days on Market

Highlights

  • Covered Patio or Porch
  • Lobby
  • Forced Air Heating System

About This Home

As of September 2021

excellent investment opportunity. Reconditioned and remodeled all brick 4 unit with 2 Bedrooms each. completely remodeled with newer torch down rubber roofing. replacement windows throughout. Remodeled kitchens and baths with ceramic and porcelain floor covering, granite counter tops. Pictures reflect updates for each unit. Mechanical has all been replaced, 4 newer GFA units and 4 newer water heaters. the subject has had continual updates during ownership. All but one unit is leased at $700.00 per month, long standing tenant at $500.00. rents have room to be increased just by adding laundry facilities. Please do not disturb tenants, or ask them to show units. No showings unless the buyer is completely qualified with acceptable terms and has inspected the exterior of the property. Day care facilities directly down the street.

Last Agent to Sell the Property

Robert LaBute

Real Estate Management Specialists Inc License #6502139311 Listed on: 06/08/2021

Last Buyer's Agent

Dwight Winfrey

Winwood Properties Inc License #6502130704

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1915 | Remodeled in 2020

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60.00x130.00

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Asphalt Roof
  • Rubber Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,024 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 6 Parking Spaces
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 43012040034002

Community Details

Overview

  • 4 Units
  • Highland Park Sub Subdivision

Amenities

  • Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,664

Year Built

Built in 1915 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1915
  • State Equalized Value: 22400.0000
  • Year Renovated: 2020
  • Pets Allowed: No
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3024
  • Total Sq Ft: 3024
  • Sq Ft Total Bsmt: 1512

Exterior Features

  • Roof Material: Asphalt, Rubber
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street
  • Total Parking Spaces: 6

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Highland Park

Lot Info

  • Lot Size Area: 0.18
  • Lot Dimensions: 60.00X130.00
  • Parcel Number: 43012040034002
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 100000.00
  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Monthly Rental Income: 2600

Tax Info

  • Tax Amount Summer: 1408.0000
  • Tax Amount Winter: 256.0000
  • Total Tax: 1664.0000
  • Taxable Value: 17738.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Highland Park

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
09/14/2021 09/14/21 Sold $210,000 -6.6% $69 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $224,900 0.0% $74 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $224,900 -- $74 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210043078

Realcomp

APN: 43-012-04-0034-002