Seller's Agent in 2022
Matthew Callander
Callander Commercial
(269) 384-8368
1 in this area
111 Total Sales
186 First St Olivet, MI 49076
Studio
--
Bath
--
Sq Ft
1.74
Acres
Highlights
- Cooling Available
- Radiant Heating System
- 4-minute walk to Memorial Playground
About This Home
As of January 2022This exceptional 23 Unit value add opportunity located in Olivet, MI is perfect for any MF investor seeking to grow/stabilize a long-term portfolio for cash flow. Electric heat is separately metered per tenant. Strong rents w / limited competition. 7 vacants, 6 of which need extensive finish. Upside NOI potential.
Last Agent to Sell the Property
Callander Commercial License #6501303339 Listed on: 11/16/2021
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $20,113
Lot Details
- 1.74 Acre Lot
Parking
- 23 Parking Spaces
Home Design
- Brick Exterior Construction
- Metal Roof
Utilities
- Cooling Available
- Radiant Heating System
- Window Unit Heating System
- Natural Gas Connected
Community Details
- 2 Buildings
- 23 Units
Listing and Financial Details
- Tenant pays for electricity, water, trash collection, sewer, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2021
Closed on
Jan 28, 2022
Sold by
Koyl Property Management Llc
Bought by
Abk Property Llc
Seller's Agent
Matthew Callander
Callander Commercial
Buyer's Agent
Missy Dahlinger
Berkshire Hathaway HomeServices MI
List Price
$1,295,000
Sold Price
$1,150,000
Premium/Discount to List
-$145,000
-11.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Outstanding Balance
$940,297
Interest Rate
3.56%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 1, 2017
Sold by
Masters Ilene I and Hart Benny K
Bought by
Koyl Property Management Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
4.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 9, 2015
Sold by
Masters Ilene I and Masters David
Bought by
Master Ilene and The Masters Revocable Living T
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Abk Property Llc | -- | Sun Title Agency Of Michigan | |
| Koyl Property Management Llc | $561,200 | Attorney | |
| Masters Ilene I | -- | None Available | |
| Masters Ilene I | -- | None Available | |
| Master Ilene | -- | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Abk Property Llc | $1,012,500 | |
| Previous Owner | Masters Ilene I | $430,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/28/2022 01/28/22 | Sold | $1,150,000 | -11.2% | -- |
| 11/29/2021 11/29/21 | Pending | -- | -- | -- |
| 11/16/2021 11/16/21 | For Sale | $1,295,000 | -- | -- |
Source: MichRIC
Tax History Compared to Growth
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 | $20,396 | $302,600 | $0 | $0 |
| 2024 | $7,794 | $302,574 | $0 | $0 |
| 2023 | $20,130 | $302,574 | $0 | $0 |
| 2022 | $12,344 | $302,574 | $0 | $0 |
| 2021 | $20,023 | $302,574 | $0 | $0 |
| 2020 | $20,113 | $302,575 | $0 | $0 |
| 2019 | $12,268 | $302,575 | $0 | $0 |
| 2018 | $0 | $297,074 | $0 | $0 |
| 2017 | -- | $272,318 | $0 | $0 |
| 2016 | -- | $272,318 | $0 | $0 |
| 2015 | -- | $272,318 | $0 | $0 |
| 2014 | -- | $272,318 | $0 | $0 |
| 2013 | -- | $272,318 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Matthew Callander
-
Missy Dahlinger
Buyer's Agent in 2022
Missy Dahlinger
Berkshire Hathaway HomeServices MI
(269) 358-3800
1 in this area
64 Total Sales
Map
Source: MichRIC
MLS Number: 21115291
APN: 600-040-601-715-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
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