NOT LISTED FOR SALE

Estimated Value: $199,904 - $260,000

4 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold April 29, 2024

Last sale price $195,000

Est. 12% increase in value since last sale

Current estimated payment $1,463/month

28 Days on Market

About This Home

As of April 2024

Explore this promising investment option in Ypsilanti, MI, featuring a two-unit multi-family property. Positioned in a convenient location, it presents an opportunity for investors to add value and generate rental income. Schedule a showing today to assess its potential!

Last Agent to Sell the Property

Lee Marshall

KW Professionals License #6501426446 Listed on: 03/01/2024

KW Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,069

Year Built

  • Built in 1879

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Gross Income $28,344

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,069

Year Built

Built in 1879

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1879
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 0
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3068.85
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: 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
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 195000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Sewer Available, Natural Gas Available, Electric Available, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 0
  • Lot Size Sq Ft: 6098.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 28344.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3068.85
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2024
Closed on
Apr 29, 2024
Sold by
Beal Properties Inc
Bought by
Dittmer Jacob
Seller's Agent
Lee Marshall
KW Professionals
List Price
$195,000
Sold Price
$195,000
Views
72
Current Estimated Value
$217,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,476
Avg. Annual Appreciation
9.20%

Purchase Details

Listed on
May 3, 2010
Closed on
Jun 5, 2012
Sold by
Shrock Roberta
Bought by
Beal Properties Llc
Seller's Agent
Irene Villeneuve
Franklin Realty Inc
Buyer's Agent
Irene Villeneuve
Franklin Realty Inc
List Price
$49,500
Sold Price
$20,000
Premium/Discount to List
-$29,500
-59.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.07%
Source: Public Records

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
Dittmer Jacob $195,000 State Street Title
Beal Properties Llc $20,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beal Properties Llc $620,928
Previous Owner Beal Properties Llc $1,011,408
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $195,000 0.0% --
03/01/2024 03/01/24 For Sale $195,000 +875.0% --
06/05/2012 06/05/12 Sold $20,000 -59.6% --
05/31/2012 05/31/12 Pending -- -- --
05/03/2010 05/03/10 For Sale $49,500 -- --
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 $3,120 $89,500 $0 $0
2024 $3,120 $89,600 $0 $0
2023 $2,942 $73,300 $0 $0
2022 $3,039 $65,400 $0 $0
2021 $2,985 $57,500 $0 $0
2020 $3,052 $47,400 $0 $0
2019 $2,946 $41,200 $41,200 $0
2018 $2,764 $35,100 $0 $0
2017 $2,707 $34,100 $0 $0
2016 $2,741 $31,691 $0 $0
2015 -- $31,597 $0 $0
2014 -- $31,400 $0 $0
2013 -- $31,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24010122

Southwestern Michigan Association of REALTORS®

APN: 11-09-192-001