NOT LISTED FOR SALE
9 Beds
6 Baths
4,483 Sq Ft
0.29 Acres

Last Sold May 15, 2017

Last sale price $1,800,000 $402 Per Sq Ft

2 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Double Pane Windows
  • Bagby Elementary School Rated A-
  • Balcony
  • Laundry Room

About This Home

As of May 2017

Excellent Investment Opportunity! Very Well Maintained 4-Plex in Nice Campbell Location. All Units are on Month-to-Month Lease. Current Gross Income = $105,000. Unit 1 is an Ideal Owners Unit with 3bed/2bath Fully Remodeled with Granite Counters, Beautiful Master Bath, Updated Flooring and Large Side Private Patio Area. Units 2 and 3 Have Been Nicely Updated. Unit 4 was Fully Remodeled in 2013. Laundry Closet on Ground Level. Dual Pane Windows Throughout the Complex. Ample Parking in the Rear Property with 5 Carport Spots and 3 Additional Parking Spots (2 per unit). Spacious Patio Area For Tenants to Use as BBQ Area. Additional Side Yard with Potential for a Garden Area or Additional Parking. Convenient Location Attractive to Renters.

Last Agent to Sell the Property

Tim O'Halloran

The O'Halloran Group License #01105570 Listed on: 05/01/2017

The O'Halloran Group

Last Buyer's Agent

Paul Middione

The Property Network License #01128390

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 0.29 Acre Lot
  • Back Yard

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,483 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Security Lights

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 3 Parking Spaces
  • 5 Carport Spaces
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $105,510

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,482
  • Maintenance Expense $6,706
  • Other Expense $1,872
  • Utility Expense $3,555
  • Operating Expense $21,349
  • Gross Income $105,510

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4483
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Granite, Countertop - Tile, Dishwasher, Garbage Disposal, Microwave, Oven - Electric, Refrigerator
  • Living Sq Ft: 4483
  • Stories: 2
  • Security: Security Lights
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Laminate, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Carport
  • Carport Min: 5

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 237

Lot Info

  • Lot Acres: 0.2930
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12758.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12758.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.35
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2482
  • Expense Landscape: 1800
  • Expense Maintenance: 6706
  • Expenses Other: 1872
  • Expenses Total: 21349
  • Expenses Utility: 3555
  • Income Annual Gross: 105510.00
  • Income Annual Rental: 105510
  • Income Gross Scheduled: 105510
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Cable Tv, Fee - Professional Services, Fee - Property Tax, Insurance, Maintenance - Laundry, Maintenance - Repair, Services - Trash Removal, Utilities - Electric, Utilities - Hot Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2017 05/15/17 Sold $1,800,000 +4.3% $402 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $1,725,000 -- $385 / Sq Ft
Source: MLSListings

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 $28,935 $2,089,050 $1,514,563 $574,487
2024 $28,935 $2,048,089 $1,484,866 $563,223
2023 $28,694 $2,007,931 $1,455,751 $552,180
2022 $28,132 $1,968,560 $1,427,207 $541,353
2021 $27,534 $1,929,962 $1,399,223 $530,739
2020 $26,244 $1,910,173 $1,384,876 $525,297
2019 $25,878 $1,872,720 $1,357,722 $514,998
2018 $25,157 $1,836,000 $1,331,100 $504,900
2017 $5,167 $174,734 $36,203 $138,531
2016 $4,934 $171,309 $35,494 $135,815
2015 $4,790 $168,736 $34,961 $133,775
2014 $3,415 $165,432 $34,277 $131,155
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81649297

MLSListings

APN: 412-25-019