$277,000
SOLD MAY 15, 2020
-- Bed
-- Bath
-- Sq Ft
3,703 Sq Ft Lot

Recently Sold

21% Below List Price

50 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 5-minute walk to West Main Park

About This Home

As of May 2020

Kalamazoo Historic Brick 6 Unit Money Maker! Each unit has 2 bedrooms, bath, nice sized living area with front porch, hardwood floors and updated kitchens! Conveniently located close to downtown, K- College, and Western Michigan! Rare opportunity to find 6 units with separate utilities downtown! Rents for units #1-3 are $650, unit #4 is asking $700, and units #5-6 are $675 with potential gross of $48,000 per year!

Last Agent to Sell the Property

Patrick O'Brien

O'Brien Real Estate License #6502102326 Listed on: 11/21/2019

Last Buyer's Agent

Patrick O'Brien

O'Brien Real Estate License #6502102326 Listed on: 11/21/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,478

Year Built

  • Built in 1925

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 3,703 Sq Ft Lot

Community Details

  • 6 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,478

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Brick
  • List Price: 349000.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3703.0
  • Zoning Description: RM-15
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 4477.88
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2019
Closed on
May 15, 2020
Sold by
Kraiss Bruce J
Bought by
210 Old Orchard Llc
Seller's Agent
Patrick O'Brien
O'Brien Real Estate
Buyer's Agent
Patrick O'Brien
O'Brien Real Estate
List Price
$349,000
Sold Price
$277,000
Premium/Discount to List
-$72,000
-20.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.21%
Original Mortgage
$255,000
Outstanding Balance
$227,443
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$188,178
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 Type Sale Price Title Company
Warranty Deed -- Devon Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $255,000 Future Advance Clause Open End Mortgage
Previous Owner $70,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 For Sale $625,000 +125.6% --
05/15/2020 05/15/20 Sold $277,000 -20.6% --
01/10/2020 01/10/20 Pending -- -- --
11/21/2019 11/21/19 For Sale $349,000 -- --
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 $2,827 $127,200 $0 $0
2024 $2,827 $127,300 $0 $0
2023 $3,332 $114,600 $0 $0
2022 $6,103 $90,800 $0 $0
2021 $5,827 $82,600 $0 $0
2020 $3,820 $76,800 $0 $0
2019 $3,679 $70,900 $0 $0
2018 $4,478 $64,000 $0 $0
2017 $3,736 $62,200 $0 $0
2016 $3,736 $54,800 $0 $0
2015 $3,736 $54,200 $0 $0
2014 $3,736 $51,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19055835

Southwestern Michigan Association of REALTORS®

APN: 06-16-448-012