NOT LISTED FOR SALE
10 Beds
6 Baths
4,896 Sq Ft
1,742 Sq Ft Lot

Last Sold March 30, 2021

Last sale price $524,900 $107 Per Sq Ft

79 Days on Market

Highlights

  • Active Adult
  • Forced Air Heating System
  • 4-minute walk to Washington Park
  • No HOA
  • Baseboard Heating

About This Home

As of March 2021

6 Unit Property in Downtown Troy. Fantastic investment opportunity. Fully rented with 1 year leases. Four 2 bedroom units and two 1 bedroom units. Five of the six units have been updated within the last five years. All separate utilities. Agent is owner of property. Excellent Condition

Last Agent to Sell the Property

Philip Farinacci

Properly License #10401342202 Listed on: 10/27/2020

Last Buyer's Agent

James Williams

KW Platform

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,516

Year Built

  • Built in 1920

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 36.5x50.1

Home Design

  • 4,896 Sq Ft Home
  • Brick Exterior Construction

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Tenant pays for hot water, heat, internet, cable TV, electricity, gas
  • The owner pays for trash collection, snow removal
  • Legal Lot and Block 10 / 8
  • Assessor Parcel Number 381700 101.69-8-10

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 6 Units

Building Details

  • Insurance Expense $2,219

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,516

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Electric Expense: 540.0
  • Year Built: 1920
  • Directions: Corner of 4th Street and Liberty Street
  • Above Grade Finished Sq Ft: 4896.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details General Taxes: 4715.0
  • General Taxes Description: Estimated
  • Financial Details School Taxes: 4801.0
  • School Taxes Description: Estimated
  • Lot Size Acres: 0.04
  • Lot Size: 36.5X50.1
  • Possession Possession Legacy: Closing
  • Sale Detail Seller Contribution: No
  • Senior Community YN: No Special Conditions
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number of Separate Water Meters: 1
  • Electric Expense Description: Estimated
  • Insurance Expense Description: Estimated
  • Income And Expenses Maintenance Expense: 3050.0
  • Water Sewer Expense Description: Estimated
  • Income: 64500.0
  • Number of Refrigerators: 6
  • Unit Information Number Of Stoves: 6
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Living Area: 4896.0
  • Owner Pays: Trash Collection, Snow Removal
  • Basement:Unfinished: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Snow Removal6: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Snow Removal7: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Snow Removal8: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 6 Owner Furnish Features:Sewer10: Yes
  • Unit 6 Owner Furnish Features:Snow Removal11: Yes
  • Unit 6 Owner Furnish Features:Trash9: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes

Exterior Features

  • Construction Type: Brick
  • Waterfront: No
  • Construction Materials:Brick: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Forced Air, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Baseboard: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Troy

Lot Info

  • Parcel #: 381700 101.69-8-10
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Internet, Cable TV, Electricity, Gas

Multi Family

  • Insurance Expense: 2219.0
  • Number Of Units Total: 6
  • Maintenance Expense: 3050.0

Tax Info

  • Tax Annual Amount: 9516.0
  • Tax Block: 8
  • Tax Lot: 10

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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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
03/30/2021 03/30/21 Sold $524,900 0.0% $107 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
11/04/2020 11/04/20 Price Changed $524,900 -4.5% $107 / Sq Ft
10/26/2020 10/26/20 For Sale $549,900 0.0% $112 / Sq Ft
10/04/2020 10/04/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $549,900 +163.7% $112 / Sq Ft
02/19/2015 02/19/15 Sold $208,500 -7.3% $43 / Sq Ft View Prior Sale
01/09/2015 01/09/15 Pending -- -- --
07/28/2014 07/28/14 For Sale $225,000 -- $46 / Sq Ft
Source: Global MLS

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
2024 $9,739 $208,500 $4,000 $204,500
2023 $9,628 $208,500 $4,000 $204,500
2022 $9,446 $208,500 $4,000 $204,500
2021 $2,374 $208,500 $4,000 $204,500
2020 $4,802 $208,500 $4,000 $204,500
2019 $6,820 $208,500 $4,000 $204,500
2018 $6,820 $208,500 $4,000 $204,500
2017 $8,583 $208,500 $4,000 $204,500
2016 $8,973 $208,500 $4,000 $204,500
2015 -- $208,500 $4,000 $204,500
2014 -- $245,000 $4,000 $241,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202026956

Global MLS