NOT LISTED FOR SALE

190 Maple St Concord, MI 49237

-- Bed
-- Bath
-- Sq Ft
0.48 Acres

Last Sold December 02, 2024

Last sale price $600,000

61 Days on Market

Highlights

  • Corner Lot: Yes
  • Heating System Uses Steam
  • Laundry Facilities
  • 12 Car Garage

About This Home

As of December 2024

Incredible 7 Unit Brick Apartment Building that has been well maintained by the same owner for over 25 years! Each unit has its own garage with remotes and keyless entry! There is a 1BR/1BA unit and the other 6 units are 2BR/1BA and all are very spacious! Storage rooms for each tenant & coin laundry in basement for more revenue. Some newer windows, New Roof on garage 2017, New Roof on apartment building 2018, New Water Softener 2019, New Concrete Driveway 2021, New garage doors, garage eaves 2022. Great location, close to Falling Waters Trail, Swains Lake, Spring Arbor College, 20 minutes to Marshall & 15 minutes to Jackson.

Last Agent to Sell the Property

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416 Listed on: 10/02/2024

HOWARD HANNA REAL ESTATE SERVI

Last Buyer's Agent

Darian Niecko

Coldwell Banker Morehart Realty License #6501428903

Coldwell Banker Morehart Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,305

Year Built

  • Built in 1957

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 128x165
  • Corner Lot: Yes

Home Design

  • Brick Exterior Construction

Laundry

  • Sink Near Laundry

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Natural lighting in basement

Parking

  • 12 Car Garage
  • Gravel Driveway

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $3,792
  • Utility Expense $14,974
  • Operating Expense $18,766
  • Gross Income $52,500
  • Net Operating Income $32,834

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,305

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1957
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 73.55
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 128x165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: 201 Commercial
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 7
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Corner Lot: Yes
  • Driveway:Gravel: Yes
  • Substructure:Daylight: Yes
  • Heat Type:Steam: Yes
  • Extras:Laundry Facility: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Sink: Yes
  • Laundry Features Common Area: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • Substructure Walk-Out Access2: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, Full, Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 699900.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Other
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, Gravel, Paved
  • Total Parking Spaces: 12.0
  • General Property Info:Total Parking Spaces: 12.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes
  • Unit 3:Garage6: Yes

Utilities

  • Heating: Steam
  • Heating: Yes
  • Laundry Features: Common Area, In Basement, Sink
  • Utilities: Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.48
  • Lot Size Area: 0.48
  • Lot Dimensions: 128x165
  • Lot Size Sq Ft: 20909.0
  • Zoning Description: 201 Commercial

Rental Info

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

Multi Family

  • Gross Income: 52500.0
  • Insurance Expense: 3792.0
  • Net Operating Income: 32834.48
  • Number of Units Total: 7
  • Operating Expense: 18765.52

Tax Info

  • Tax Annual Amount: 7304.63
  • Tax Year: 2024

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2024 12/02/24 Sold $600,000 -14.3% --
10/02/2024 10/02/24 For Sale $699,900 -- --
Source: MichRIC

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
2025 $6,793 $186,900 $14,700 $172,200
2024 $34 $167,500 $13,100 $154,400
2023 $3,242 $149,000 $11,700 $137,300
2022 $7,909 $149,500 $0 $149,500
2021 $7,748 $147,300 $147,300 $0
2020 $7,660 $147,800 $0 $0
2019 $7,485 $143,300 $0 $0
2018 $5,681 $156,100 $0 $0
2017 $5,260 $136,600 $0 $0
2016 $1,199 $130,150 $0 $130,150
2015 -- $115,350 $115,350 $0
2014 -- $104,750 $0 $0
2013 -- $104,750 $104,750 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Herndon

    Seller's Agent in 2024

    Heather Herndon

    HOWARD HANNA REAL ESTATE SERVI

    (517) 787-9800

    754 Total Sales

    Heather Herndon
    Section Image

  • D

    Buyer's Agent in 2024

    Darian Niecko

    Coldwell Banker Morehart Realty

    (269) 420-0372

    17 Total Sales

    Darian Niecko
    Section Image
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Map

Source: MichRIC

MLS Number: 24051876

MichRIC
Michigan Jackson County Concord 49237

190 Maple St, Concord, MI

Not Listed for Sale

MultiFamily

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