NOT LISTED FOR SALE

Estimated Value: $145,140 - $169,000

5 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold October 11, 2023

Last sale price $140,000

Est. 11% increase in value since last sale

Current estimated payment $1,088/month

30 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 4-minute walk to Under the Oaks
  • Sharp Park Academy Rated A-
  • 2 Car Garage

About This Home

As of October 2023

Long term owner that has kept up with maintenance over the years, happy tenants that ALL would like to stay! Main floor is one unit (3 bedrooms, 1 bath), renting at $950/mo. Second floor is 4 Sleeping Rooms, with 3 renting at $400/month, one at $280/mo. Full bath on second floor is shared by the 4 upstairs tenants. This home was once a single family home, then set up in it's current format. Good roof on house (2008), newer roof on wrap around porch (2022). Furnace is from 1992, newer gas water heater, 100 Amp service, owner pays utilities. Off street parking, plus 2 car garage that main floor tenant has exclusive use of.

Last Agent to Sell the Property

Timothy Atkins

ERA REARDON REALTY, L.L.C. License #6506036004 Listed on: 07/26/2023

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

Non Member

Non Member Of Swmric

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,159

Year Built

  • Built in 1890

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 136 x 55

Home Design

  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 2 Car Garage
  • Gravel Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • 1 Fireplace
  • Mineral Rights Excluded

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $731
  • Utility Expense $7,332
  • Operating Expense $9,786
  • Gross Income $26,130
  • Net Operating Income $16,344

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,159

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 136 x 55
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1159.32
  • Tax Info:Zoning3: R-3
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Driveway:Gravel: Yes
  • Mineral Rights:No: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space, Full

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 145000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Other
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, Gravel
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 136 x 55
  • Lot Size Sq Ft: 7405.0
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 26130.0
  • Insurance Expense: 731.0
  • Net Operating Income: 16344.0
  • Number of Units Total: 5
  • Operating Expense: 9786.0

Tax Info

  • Tax Annual Amount: 1159.32
  • Tax Year: 2022

Range of Values:

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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
10/11/2023 10/11/23 Sold $140,000 -3.4% --
08/15/2023 08/15/23 Price Changed $145,000 -6.5% --
07/26/2023 07/26/23 For Sale $155,000 -- --
Source: MichRIC

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 $3,321 $57,300 $0 $0
2024 $2,873 $48,400 $0 $0
2023 $1,010 $45,900 $0 $0
2022 $1,113 $38,700 $0 $0
2021 $1,101 $30,350 $0 $0
2020 $1,087 $27,350 $0 $0
2019 $1,058 $18,250 $0 $0
2018 $1,009 $17,550 $0 $0
2017 $925 $18,250 $0 $0
2016 $798 $18,200 $18,200 $0
2015 $1,166 $14,250 $14,250 $0
2014 $1,166 $18,800 $0 $0
2013 -- $18,800 $18,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23026750

MichRIC

APN: 3-017200000