NOT LISTED FOR SALE

216 Forest St Marshall, MI 49068

Estimated Value: $351,000 - $367,000

-- Bed
2 Baths
-- Sq Ft
0.42 Acres

Last Sold May 30, 2024

Last sale price $314,000

Est. 10% increase in value since last sale

Current estimated payment $2,701/month

8 Days on Market

Highlights

  • 1 Fireplace
  • Laundry Room
  • 8 Car Garage
  • Corner Lot: Yes
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of May 2024

ATTENTION INVESTORS! Apartment building in a prime location boasts 4 units fully occupied. This lucrative investment opportunity features modern updates and reliable tenants. With a desirable mix of (2) 2 bedroom & 1.5 bath units and (2) 1 bedroom & 1 bath units, this property offers versatility & steady rental income. Situated on 3 spacious lots (probably room to add on) a 3-car garage, parking for 8 cars and a laundry facility. Convenience for everyone! Leases & financials are available upon request. Priced to sell at $337,900

Last Agent to Sell the Property

CJ Shapiro

Berkshire Hathaway HomeServices Michigan Real Estate License #6506033200 Listed on: 04/30/2024

Berkshire Hathaway HomeServices Michigan Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 252x67.83
  • Corner Lot: Yes
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Shingle Siding

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • 8 Car Garage
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Gas Meter
  • High Speed Internet
  • Cable TV Available

Additional Features

  • 1 Fireplace
  • Mineral Rights Excluded

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 252x67.83
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 9077.04
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Substructure:Slab: Yes
  • Mineral Rights:No: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Shingle Siding
  • List Price: 337900.0
  • Lot Features: Level, Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Shingle Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, Paved
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: Laundry Room, Main Level
  • Sewer: Public Sewer
  • Utilities: Storm Sewer Available, Public Water Available, Natural Gas Available, Electric Available, Broadband Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Dimensions: 252x67.83
  • Lot Size Sq Ft: 18295.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 9077.04
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2024
Closed on
May 30, 2024
Sold by
Green Michael L
Bought by
Cousineau Jay Austin and Frazer Brandon L
Seller's Agent
CJ Shapiro
Berkshire Hathaway HomeServices Michigan Real Estate
List Price
$337,900
Sold Price
$314,000
Premium/Discount to List
-$23,900
-7.07%
Views
3
Current Estimated Value
$346,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,954
Avg. Annual Appreciation
7.55%
Original Mortgage
$235,500
Outstanding Balance
$233,207
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$109,433

Purchase Details

Closed on
Aug 6, 2018
Sold by
The Living Trust
Bought by
Green Michael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2010
Sold by
Kempf Craig K and Craig K Kempf Living Trust
Bought by
Ella E M Brown Charitable Circle and Oaklawn Hospital
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 Buyer Sale Price Title Company
Cousineau Jay Austin $314,000 Ata National Title Group
Green Michael L $270,000 None Available
Ella E M Brown Charitable Circle $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cousineau Jay Austin $235,500
Previous Owner Green Michael L $201,048
Previous Owner Green Michael L $240,000
Previous Owner Craig K Kempf Living Trust $1,060,000
Previous Owner Kempf Craig K $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $314,000 -7.1% --
04/30/2024 04/30/24 Pending -- -- --
04/30/2024 04/30/24 For Sale $337,900 0.0% --
04/25/2024 04/25/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $337,900 -- --
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 $9,619 $189,700 $0 $0
2024 $2,547 $167,400 $0 $0
2023 $8,653 $148,300 $0 $0
2022 $6,282 $141,800 $0 $0
2021 $8,399 $127,100 $0 $0
2020 $8,034 $121,300 $0 $0
2019 $0 $110,900 $0 $0
2018 $0 $110,000 $20,400 $89,600
2017 $0 $106,700 $0 $0
2016 $0 $101,200 $0 $0
2015 -- $108,500 $0 $0
2014 -- $103,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24019107

Southwestern Michigan Association of REALTORS®

APN: 53-002-253-01