NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1.33 Acre Lot

Sale Details

Date Sold: May 24, 2019

Last sale price $720,000

9 Days on Market

Highlights

  • 1.33 Acre Lot
  • Cooling Available
  • Forced Air Heating System

About This Home

As of May 2019

This 16 unit investment opportunity has performed consistently for Seller for the last 10 years. Under-market rents leave room for upside. Seller has made considerable investment in all new roofs and siding in the last few years. Turn-key cash flow for any passive investor. Financials available upon request.

Last Agent to Sell the Property

Matthew Callander

Callander Commercial License #6501303339 Listed on: 02/25/2019

Last Buyer's Agent

Nonmember Agent

Non Member

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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,998

Year Built

  • Built in 1979

Lot Details

  • 1.33 Acre Lot

Parking

  • 24 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Natural Gas Connected

Community Details

  • 2 Buildings
  • 16 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,998

Year Built

Built in 1979

Lot Details

1.33 Acres

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Brick
  • List Price: 720000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 24.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 1.33
  • Lot Size Area: 1.33
  • Lot Size Sq Ft: 57935.0
  • Zoning Description: A-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 16

Tax Info

  • Tax Annual Amount: 9998.0
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2026
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,003,049
Outstanding Balance
$926,146
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2019
Closed on
Apr 23, 2019
Sold by
Bought by
Seller's Agent
Matthew Callander
Callander Commercial
Buyer's Agent
Nonmember Agent
Non Member
List Price
$720,000
Sold Price
$720,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.05%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Ata National Title Group
-- Sun Title Agency Of Mi Llc
-- Sun Title Agency Of Mi Llc
$90,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,003,049
Previous Owner --
Previous Owner --
Previous Owner --
Previous Owner $183,000
Previous Owner $140,000
Previous Owner $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/24/2019 05/24/19 Sold $720,000 0.0% --
03/06/2019 03/06/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $720,000 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,984 $437,500 $0 $0
2025 $11,112 $411,400 $0 $0
2024 $11,112 $385,800 $0 $0
2023 $10,205 $365,200 $0 $0
2022 $10,205 $365,200 $0 $0
2020 $10,205 $174,700 $0 $0
2019 $10,205 $174,200 $0 $0
2018 $0 $185,500 $0 $0
2017 $0 $179,000 $0 $0
2016 -- $171,000 $0 $0
2015 -- $179,200 $0 $0
2014 -- $179,200 $0 $0
Source: Public Records

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Map

Source: MichRIC

MLS Number: 19006563

MichRIC
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