NOT LISTED FOR SALE

2 Arbor St Unit 14 Battle Creek, MI 49015

Central Battle Creek Neighborhood

Estimated Value: $219,000 - $310,000

7 Beds
5 Baths
-- Sq Ft
0.82 Acres

Last Sold May 15, 2020

Last sale price $150,000

Est. 75% increase in value since last sale

Current estimated payment $1,733/month

15 Days on Market

Highlights

  • 0.82 Acre Lot
  • Corner Lot: Yes
  • Hot Water Heating System
  • Main Floor Bedroom
  • Forced Air Heating System

About This Home

As of May 2020

Lakeview Schools - Four unit income - producing investment property consisting of two buildings. Currently 100% occupied, annual occupancy over 95%. Units have been well maintained with very good maintenance. City of Battle Creek rent certified. Corner lot of .82 acres. Building one: 2,728 sq ft brick structure, Building two: 1,396 sq ft block structure. Total monthly rents total $2,575. Monthly rent per unit: 2 bed/1 bath: $725 (building two), 2 bed/1 bath: $650 (building one, upper) 2 bed/1 bath: $650 (building one, lower) 1 bed/1 bath: $550 (building one, back). Major repairs: New Boiler, Building one roof 2019, Building two roof April 2018, Building one painted May 2018, Trees removed December 2018. Minor repairs: Water heaters replaced, Plumbing updates, All appliances.

Last Agent to Sell the Property

Art Homer

eXp Realty LLC License #6501374543 Listed on: 03/13/2020

eXp Realty LLC

Co-Listed By

Linda Thompson

Five Star Real Estate, Battle Creek License #6506044157

Last Buyer's Agent

Steve Gagon

EXP Realty License #6506045199

EXP Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.82 Acre Lot
  • Lot Dimensions are 239.02 x 149.63
  • Corner Lot: Yes

Parking

  • 10 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter

Additional Features

  • Main Floor Bedroom
  • Basement Fills Entire Space Under The House
  • Mineral Rights Excluded

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Insurance Expense $1,794
  • Maintenance Expense $2,086
  • Manager Expense $3,090
  • Utility Expense $7,082
  • Operating Expense $17,757
  • Gross Income $30,900
  • Net Operating Income $13,142

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 239.02 x 149.63
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4775.36
  • Tax Info:Zoning3: R1B
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Slab: Yes
  • Mineral Rights:No: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Accessibility Feat:Accessible Mn Flr Be: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Accessible Mn Flr Be, Accessible Mn Flr Fu
  • Basement: Basement, Slab

Exterior Features

  • Construction Materials: Brick
  • List Price: 174900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: Yes
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

  • Heating: Hot Water, Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.82
  • Lot Size Area: 0.82
  • Lot Size Sq Ft: 35631.0
  • Zoning Description: R1B
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 30900.0
  • Insurance Expense: 1794.0
  • Maintenance Expense: 2086.0
  • Manager Expense: 3090.0
  • Net Operating Income: 13142.0
  • Number of Units Total: 4
  • Operating Expense: 17757.0

Tax Info

  • Tax Annual Amount: 4775.36
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Egelkraut David E and Egelkraut Karen Sue
Bought by
David E Egelkraut And Karen Sue Egelkraut Rev and Egelkraut
Current Estimated Value
$262,639

Purchase Details

Listed on
Mar 13, 2020
Closed on
May 15, 2020
Sold by
Powell Damon H
Bought by
Egelkraut David E
Seller's Agent
Art Homer
eXp Realty LLC
Buyer's Agent
Steve Gagon
EXP Realty
List Price
$174,900
Sold Price
$150,000
Premium/Discount to List
-$24,900
-14.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.95%
Original Mortgage
$112,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2016
Sold by
Kellogg Community Federal Credit Union
Bought by
Powell Damon H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,400
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2014
Sold by
Lakeview Apartments Of Battle Creek Llc
Bought by
Kellogg Community Federal Credit Union

Purchase Details

Closed on
Dec 20, 2011
Sold by
Probol Frederick W and Josephine A Probol Living Trus
Bought by
Lakeview Apartments Of Battle Creek Llc

Purchase Details

Closed on
Mar 6, 2009
Sold by
Arbor Ridge Rentals Llc
Bought by
Probol Josephine A and Pour Over Trust Of Josephine A

Purchase Details

Closed on
Feb 27, 2009
Sold by
Cramutolo Thomas and Cramutolo Suzan
Bought by
Arbor Ridge Rentals Llc

Purchase Details

Closed on
Feb 3, 2008
Sold by
Cramutolo Thomas and Cramutolo Suzan
Bought by
Arbor Ridge Rentals Llc
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
David E Egelkraut And Karen Sue Egelkraut Rev -- None Listed On Document
Egelkraut David E -- None Listed On Document
Egelkraut David E -- None Listed On Document
Egelkraut David E $150,000 None Available
Powell Damon H $75,500 Chicago Title Of Michigan
Kellogg Community Federal Credit Union $68,000 None Available
Lakeview Apartments Of Battle Creek Llc -- None Available
Probol Josephine A $225,000 First American Title Ins Co
Arbor Ridge Rentals Llc -- First American Title Ins Co
Arbor Ridge Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Egelkraut David E $112,500
Previous Owner Powell Damon H $60,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2020 05/15/20 Sold $150,000 -14.2% --
03/28/2020 03/28/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $174,900 -- --
Source: Southwestern Michigan Association of REALTORS®

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 -- $105,600 $0 $0
2024 $4,017 $101,288 $0 $0
2023 $5,100 $94,296 $0 $0
2022 $3,631 $85,042 $0 $0
2021 $4,959 $75,241 $0 $0
2020 $4,650 $73,110 $0 $0
2019 $4,679 $74,200 $0 $0
2018 $4,679 $70,792 $12,329 $58,463
2017 $4,434 $72,351 $0 $0
2016 $4,317 $66,048 $0 $0
2015 $4,366 $69,407 $13,428 $55,979
2014 $4,366 $69,407 $13,428 $55,979
Source: Public Records

Agents Affiliated with this Home

  • Art Homer

    Seller's Agent in 2020

    Art Homer

    eXp Realty LLC

    (269) 209-6688

    8 in this area

    311 Total Sales

    Art Homer
    Section Image
  • Linda Thompson

    Seller Co-Listing Agent in 2020

    Linda Thompson

    Five Star Real Estate, Battle Creek

    (269) 209-1069

    1 in this area

    138 Total Sales

    Linda Thompson
    Section Image

  • S

    Buyer's Agent in 2020

    Steve Gagon

    EXP Realty

    Section Image

  • S

    Buyer's Agent in 2020

    Steve Gagnon

    Keller Williams Realty Lansing

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20009784

Southwestern Michigan Association of REALTORS®

APN: 6950-13-701-8

Michigan Calhoun County Battle Creek 49015 Central Battle Creek

2 Arbor St Unit 14, Battle Creek, MI

This home is located at 2 Arbor St Unit 14, Battle Creek, MI 49015 since 13 March 2020 and is currently estimated at $262,639. This property was built in 1900. 2 Arbor St Unit 14 is a home located in Calhoun County with nearby schools including Lakeview Middle School, Lakeview High School, and Arbor Academy.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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