$126,500
SOLD SEP 14, 2023

1913 16th St Port Huron, MI 48060

5 Beds
2 Baths
1,679 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$75 Per Sq Ft

2% Below List Price

4 Days on Market

Highlights

  • Colonial Architecture
  • Balcony
  • Fenced
  • Covered patio or porch
  • Forced Air Heating System

About This Home

As of September 2023

Welcome to this fantastic income-generating property, offering a rare opportunity for savvy investors! Both units are fully occupied, ensuring an immediate return on investment. Situated in a desirable location, this property boasts convenience and comfort, making it a great addition to any real estate portfolio.
The main floor unit impresses with its generous space and features three bedrooms, providing ample room for tenants to live comfortably. The added advantage of basement access opens possibilities for extra storage or utility space, enhancing the overall appeal. This unit is currently rented at $850 per month.
The upper unit offers a generous layout with two bedrooms, ensuring tenants have their private space to call home. With its separate living room and kitchen, tenants will enjoy the independence and privacy that this unit offers. This unit is currently rented at $700 per month.
This property goes above and beyond with its additional amenities, including off-alley parking, providing tenants with hassle-free parking options. The one-car garage offers valuable storage space, catering to tenants' storage needs. A spacious covered front porch adds a touch of charm and provides a relaxing spot for tenants to unwind and enjoy the outdoors. Recent updates include a new roof (2023), updated electrical in the upper unit (2023), City of Port Huron Rental compliant and certified.
With both units currently rented out and generating steady monthly income, this property presents an attractive and affordable investment opportunity.

Last Agent to Sell the Property

Kaitlyn Pangrazzi

@properties Christie's Int'l R.E. Birmingham License #6501396235 Listed on: 07/24/2023

@properties Christie's Int'l R.E. Birmingham

Co-Listed By

Lindsay Sammut

@properties Christie's Int'l R.E. Birmingham License #6501444340

Last Buyer's Agent

Ben Perry

KW Platinum License #6501435970

KW Platinum

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1933

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 42x125
  • Fenced

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,679 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Crawl Space

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74061980025000
  • $1,000 Seller Concession

Community Details

Overview

  • 2 Units
  • Assessors Plat Of The Weyers Land Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,355

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex
  • Architecture Level: 2 Story
  • Year Built: 1933
  • State Equalized Value: 37300.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Circuit Breakers, Fuses
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1679
  • Total Sq Ft: 1679
  • Sq Ft Total Bsmt: 986

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Block
  • Frontage Feet: 42
  • Porch Type: Balcony, Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric, Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Port Huron

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 42x125
  • Parcel Number: 74061980025000
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 1550

Tax Info

  • Tax Amount Summer: 1246.0000
  • Tax Amount Winter: 109.0000
  • Total Tax: 1355.0000
  • Taxable Value: 21165.0000

Multi Family

  • Gross Scheduled Income: 18600.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Port Huron

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Oct 4, 2023
Sold by
Zack Jamie E
Bought by
Vivesco Properties Llc
Seller's Agent
Kaitlyn Pangrazzi
@properties Christie's Int'l R.E. Birmingham
Buyer's Agent
Ben Perry
KW Platinum
List Price
$129,000
Sold Price
$126,500
Premium/Discount to List
-$2,500
-1.94%
Views
35
Current Estimated Value
$134,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,683
Avg. Annual Appreciation
-2.35%
Original Mortgage
$101,200
Outstanding Balance
$100,320
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$20,641

Purchase Details

Listed on
Nov 2, 2022
Closed on
Mar 14, 2023
Sold by
Legacy Enterprises Group Llc
Bought by
Zack Jamie E
Seller's Agent
Tom Schrader
KW Platinum Port Huron
Buyer's Agent
Lindsay Sammut
@properties Christie's Int'l R.E. Birmingham
List Price
$99,900
Sold Price
$85,000
Premium/Discount to List
-$14,900
-14.91%
Views
107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.48%
Original Mortgage
$63,750
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 13, 2022
Closed on
Feb 15, 2022
Sold by
John Tenniswood William
Bought by
Legacy Enterprises Group Llc
Seller's Agent
Tom Schrader
KW Platinum Port Huron
Buyer's Agent
Tom Schrader
KW Platinum Port Huron
List Price
$77,000
Sold Price
$77,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.39%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $126,500 Ata National Title Group
Warranty Deed $85,000 Liberty Title
Warranty Deed $500,000 Liberty Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $101,200 New Conventional
Previous Owner $63,750 New Conventional
Previous Owner $206,250 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2023 09/14/23 Sold $126,500 -1.9% $75 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/24/2023 07/24/23 For Sale $129,000 +51.8% $77 / Sq Ft
02/15/2023 02/15/23 Sold $85,000 -10.4% $48 / Sq Ft
01/10/2023 01/10/23 Pending -- -- --
12/07/2022 12/07/22 Price Changed $94,900 -5.0% $54 / Sq Ft
11/02/2022 11/02/22 For Sale $99,900 +29.7% $56 / Sq Ft
02/15/2022 02/15/22 Sold $77,000 0.0% $44 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/13/2022 02/13/22 For Sale $77,000 -- $44 / Sq Ft
Source: Realcomp

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 $3,682 $65,000 $0 $0
2024 $3,682 $62,800 $0 $0
2023 $2,871 $45,400 $0 $0
2022 $1,354 $37,300 $0 $0
2021 $1,294 $32,300 $0 $0
2020 $1,299 $28,500 $28,500 $0
2019 $1,276 $20,100 $0 $0
2018 $1,247 $20,100 $0 $0
2017 $1,145 $18,800 $0 $0
2016 $1,012 $18,800 $0 $0
2015 $1,045 $18,800 $18,800 $0
2014 $1,045 $19,400 $19,400 $0
2013 -- $20,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230060733

Realcomp

APN: 06-198-0025-000