NOT LISTED FOR SALE

223 E North St Kalamazoo, MI 49007

Northside Neighborhood

Estimated Value: $119,000 - $155,000

4 Beds
3 Baths
-- Sq Ft
0.25 Acres

Last Sold June 01, 2020

Last sale price $240,000

Est. 42% decrease in value since last sale

Current estimated payment $986/month

9 Days on Market

Highlights

  • 0.25 Acre Lot
  • Forced Air Heating System
  • Laundry Facilities
  • 2 Fireplaces

About This Home

As of June 2020

Show me the Money!

10%+ Cap Rate 5 Unit Multi-family Opportunity! Effective Rental Income of $39,574 in 2018.

Coin Operated Washer & Dryer. In 2017 all new gas furnaces and water heaters were installed. The separate utilities in all the units mean the owner does not pay for the cost of those utilities. This led to a greater net operating income for the owner. City Certified and all improvements permitted. All 5 units have been turned and gutted. Hard-wearing High-End flooring installed in all apartments. New kitchens, including granite counters, and bathrooms in all units. All these improvements make the property easier to lease.This 5-unit property is located on E. North Street, in the Riverview District Development Area making it attractive to tenants.

Last Agent to Sell the Property

Will Howson

Coldwell Banker Realty License #6501387256 Listed on: 05/12/2020

Last Buyer's Agent

Mark Krier

616Homes.com LLC License #6501393608

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,250

Year Built

  • Built in 1900

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66x333

Parking

  • 10 Parking Spaces

Home Design

  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2 Fireplaces

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,250

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x333
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3250.0
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Full, Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Stucco, Vinyl Siding
  • List Price: 254900.0
  • Number of Buildings: 2
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Dimensions: 66x333
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 3250.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2020
Closed on
Jun 1, 2020
Sold by
Citi Rentals Llc
Bought by
River City Homes Llc
Seller's Agent
Will Howson
Coldwell Banker Realty
Buyer's Agent
Mark Krier
616Homes.com LLC
List Price
$254,900
Sold Price
$240,000
Premium/Discount to List
-$14,900
-5.85%
Current Estimated Value
$140,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$99,691
Avg. Annual Appreciation
-9.58%

Purchase Details

Listed on
Jun 10, 2016
Closed on
Mar 3, 2017
Sold by
Cs & Cb Properties Llc
Bought by
Jb S Treasure Trove Llc
Seller's Agent
Rich Laporte
CENTURY 21 Affiliated
Buyer's Agent
Will Howson
Coldwell Banker Realty
List Price
$30,000
Sold Price
$32,000
Premium/Discount to List
$2,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.89%

Purchase Details

Closed on
Mar 24, 2004
Sold by
Barbour Wilbur and Barbour Fannie
Bought by
Cs & Cb Properties Llc
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
River City Homes Llc $240,000 Devon Title Company
Jb S Treasure Trove Llc $32,000 Devon Title Company
Cs & Cb Properties Llc $60,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2020 06/01/20 Sold $240,000 -5.8% --
05/21/2020 05/21/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $254,900 +696.6% --
03/03/2017 03/03/17 Sold $32,000 +6.7% --
01/25/2017 01/25/17 Pending -- -- --
06/10/2016 06/10/16 For Sale $30,000 -- --
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 $2,900 $62,900 $0 $0
2024 $1,202 $52,600 $0 $0
2023 $1,146 $48,000 $0 $0
2022 $2,631 $40,800 $0 $0
2021 $2,544 $36,800 $0 $0
2020 $1,830 $33,600 $0 $0
2019 $1,763 $27,000 $0 $0
2018 $1,835 $25,500 $0 $0
2017 $1,645 $26,000 $0 $0
2016 $1,645 $23,500 $0 $0
2015 $1,645 $23,600 $0 $0
2014 $1,645 $23,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Will Howson

    Seller's Agent in 2020

    Will Howson

    Coldwell Banker Realty

    (269) 615-5660

    10 in this area

    132 Total Sales

    Will Howson
    Section Image

  • M

    Buyer's Agent in 2020

    Mark Krier

    616Homes.com LLC

    (616) 275-0173

    111 Total Sales

    Mark Krier
    Section Image

  • R

    Seller's Agent in 2017

    Rich Laporte

    CENTURY 21 Affiliated

    (269) 488-3540

    88 Total Sales

    Rich Laporte
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20006709

Southwestern Michigan Association of REALTORS®

APN: 06-15-184-109

Michigan Kalamazoo County Kalamazoo 49007 Northside

223 E North St, Kalamazoo, MI

This home is located at 223 E North St, Kalamazoo, MI 49007 since 12 May 2020 and is currently estimated at $140,309. This property was built in 1900. 223 E North St is a home located in Kalamazoo County with nearby schools including Parkwood-Upjohn Elementary School, Linden Grove Middle School, and Kalamazoo Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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