NOT LISTED FOR SALE

1917 16th St Port Huron, MI 48060

Estimated Value: $101,000 - $155,000

4 Beds
3 Baths
1,652 Sq Ft
$79/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $115,000 $70 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $946/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • Laundry Facilities
  • Covered patio or porch
  • Ceiling Fan
  • High Speed Internet

About This Home

As of October 2022

Great investment property with BIG return income! Fully rented triplex brings in $1950 per month. Unit 1 (1 BR)-$600, Unit 2 (1 BR)-$500, Unit 3 (2 BR)-$850. Rents include water/sewer bills. Property is city certified and has separate heat sources and electric meters for each unit. Nice layout w/separated private entrances to each unit including inside stairs to the upper unit and a 4th entrance to basement and mechanicals. Additional parking off back alley access.

Last Listed By

Tom Schrader

KW Platinum Port Huron License #6501300197 Listed on: 09/12/2022

KW Platinum Port Huron

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1945

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 43x125

Home Design

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

Interior Spaces

  • 3 Full Bathrooms
  • 1,652 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • 6 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Back Up Electric Heat Pump System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 74061980026000

Community Details

Overview

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

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,166

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Triplex
  • Architecture Level: 2 Story
  • Assessment: 25.00
  • Year Built: 1945
  • State Equalized Value: 29100.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarm, Cable Available, Circuit Breakers, Laundry Facility, High Spd Internet Avail
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1652
  • Total Sq Ft: 1652
  • Sq Ft Total Bsmt: 951

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting, Satellite Dish
  • Foundation Materials: Block
  • Frontage Feet: 43
  • Porch Type: Porch - Covered, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: W

Garage/Parking

  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 6

Utilities

  • Heating Fuel: Electric, Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air, Wall/Floor Furnace
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Fee Information

  • Operating Expense: 4945.00

Schools

  • School District: Port Huron

Lot Info

  • Lot Size Area: 0.12
  • Lot Dimensions: 43x125
  • Parcel Number: 74061980026000
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1950

Tax Info

  • Tax Amount Summer: 1087.0000
  • Tax Amount Winter: 79.0000
  • Total Tax: 1166.0000
  • Taxable Value: 18419.0000

Multi Family

  • Gross Scheduled Income: 23400.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: Port Huron

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Nov 17, 2022
Sold by
Legacy Enterprises Group Llc
Bought by
Syed Kausar F and Quraishi Nadir
Seller's Agent
Tom Schrader
KW Platinum Port Huron
Buyer's Agent
Phillip Tocco
EXP Realty - Shelby
List Price
$119,900
Sold Price
$115,000
Premium/Discount to List
-$4,900
-4.09%
Total Days on Market
3
Views
5
Current Estimated Value
$130,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,172
Avg. Annual Appreciation
3.66%

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
$78,000
Sold Price
$78,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
74.13%

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Syed Kausar F $115,000 Liberty Title
Legacy Enterprises Group Llc $500,000 Liberty Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $115,000 -4.1% $70 / Sq Ft
09/15/2022 09/15/22 Pending -- -- --
09/12/2022 09/12/22 For Sale $119,900 +53.7% $73 / Sq Ft
02/15/2022 02/15/22 Sold $78,000 0.0% $48 / Sq Ft
02/13/2022 02/13/22 Pending -- -- --
02/13/2022 02/13/22 For Sale $78,000 -- $48 / 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
2024 $2,684 $51,100 $0 $0
2023 $2,542 $42,900 $0 $0
2022 $1,220 $33,000 $0 $0
2021 $1,165 $29,100 $0 $0
2020 $1,170 $25,500 $25,500 $0
2019 $1,149 $17,900 $0 $0
2018 $1,124 $17,900 $0 $0
2017 $1,032 $16,900 $0 $0
2016 $910 $16,900 $0 $0
2015 $948 $16,900 $16,900 $0
2014 $948 $17,600 $17,600 $0
2013 -- $18,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221040276

Realcomp

APN: 06-198-0026-000