NOT LISTED FOR SALE
7 Beds
5 Baths
-- Sq Ft
1891 Built

Sale Details

Date Sold: August 5, 2024

Last sale price $525,000

Highlights

  • Contemporary Architecture
  • Forced Air Heating System
  • 3-minute walk to Washtenaw Park

About This Home

As of August 2024

Introducing a promising 4-unit building with a variety of living configurations. The property comprises the following: 1F - 1-bedroom unit, 1R - 2-bedroom unit, 2F - 1-bedroom unit, 2R 2-bedroom. Residents benefit from convenient coin-operated laundry facilities located in the basement. There is also 3 additional storage spaces in the basement that tenants can rent out, and space for at least 4 cars to park in the rear of the property. With separate gas and electric utility meters for each unit and low property taxes, this investment offers financial stability and ease of management. All units are currently occupied by carefully screened, reliable tenants, ensuring a consistent income stream for investors. This is an excellent opportunity for investors seeking a solid return on investment. Schedule a viewing today to explore the potential of this property!

Last Agent to Sell the Property

Alex Haried

Compass License #475144024 Listed on: 07/15/2024

Compass

Last Buyer's Agent

Chi Zhang

Coldwell Banker Realty License #475146859

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,787

Year Built

  • Built in 1891

Lot Details

  • Lot Dimensions are 25 x 125

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 5 Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Parking Available
  • Off Alley Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,787

Year Built

Built in 1891

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Contemporary
  • New Construction: No
  • Year Built: 1891
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full, Walk-Out Access
  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors,Walk-In Closet
  • AppliancesAndFeatures: Stove,Refrigerator,Hardwood Floors,Walk-In Closet

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Alley, Yes
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Indv Controls
  • Water Source: Lake Michigan, Public

Lot Info

  • Lot Dimensions: 25 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Tax Info

  • Tax Annual Amount: 6787
  • Tax Year: 2022

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
08/05/2024 08/05/24 Sold $525,000 -4.5% --
07/15/2024 07/15/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $550,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2025 $6,962 $39,000 $4,315 $34,685
2024 $6,962 $39,000 $4,315 $34,685
2023 $6,787 $33,000 $3,497 $29,503
2022 $6,787 $33,000 $3,497 $29,503
2021 $6,636 $32,999 $3,496 $29,503
2020 $6,013 $26,990 $3,496 $23,494
2019 $6,305 $31,384 $3,496 $27,888
2018 $6,199 $31,384 $3,496 $27,888
2017 $3,972 $18,449 $3,124 $15,325
2016 $4,286 $21,398 $3,124 $18,274
2015 $3,921 $21,398 $3,124 $18,274
2014 $3,226 $17,388 $2,976 $14,412
2013 $3,162 $17,388 $2,976 $14,412
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12111328

Midwest Real Estate Data (MRED)
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