NOT LISTED FOR SALE
6 Beds
6 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold July 06, 2022

Last sale price $520,000

3 Days on Market

About This Home

As of July 2022

For sale is a turn key six unit property in Broadview. This well run building is a true arm chair investment. All six units have been recently renovated, and the building is extremely well maintained. Although the current rent roll provides for strong cash flow, there is also a lot of upside on the rents.

Last Agent to Sell the Property

John Warren

Forte Properties, Inc. License #471020680 Listed on: 03/21/2022

Co-Listed By

Sharon Knickerbocker

Forte Properties, Inc. License #475180755

Last Buyer's Agent

Laura Catrambone-Gerace

Coldwell Banker Stratford Place License #471019032

Coldwell Banker Stratford Place

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,053

Year Built

  • Built in 1964

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 125x50
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Additional Features

  • 3-Story Property
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for varies by tenant

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $400
  • Fuel Expense $2,000
  • Insurance Expense $2,100
  • Maintenance Expense $3,200
  • Manager Expense $3,200
  • Other Expense $1,500
  • Trash Expense $800
  • Water Sewer Expense $2,520
  • Operating Expense $23,684
  • Gross Income $64,740
  • Net Operating Income $41,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,053

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1964
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: New Rehab
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 499000

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Heat/Ventilation: Gas

Condo/Co-op/Association

  • Manager Expense: 3200

Fee Information

  • Trash Expense: 800
  • Water Sewer Expenses: 2520
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.14
  • Lot Dimensions: 125X50
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Varies by Tenant
  • Board Number: 10

Multi Family

  • Net Operating Income: 41956
  • Fuel Expense: 2000
  • Insurance Expense: 2100
  • ElectricExpense: 400
  • GrossIncome: 64740
  • Maintenance Expense: 3200
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 23684
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12053
  • Tax Year: 2020

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/06/2022 07/06/22 Sold $520,000 +4.2% --
03/25/2022 03/25/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $499,000 +17.4% --
11/15/2019 11/15/19 Sold $425,000 -0.9% -- View Prior Sale
08/26/2019 08/26/19 Pending -- -- --
07/30/2019 07/30/19 Price Changed $429,000 -4.5% --
05/07/2019 05/07/19 For Sale $449,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11352973

Midwest Real Estate Data (MRED)