NOT LISTED FOR SALE
10 Beds
4 Baths
4,832 Sq Ft
5,227 Sq Ft Lot

Last Sold May 14, 2018

Last sale price $350,000 $72 Per Sq Ft

28 Days on Market

Highlights

  • Beach Access
  • No HOA
  • Zoned Heating
  • Property is near public transit
  • Public Transportation
  • 4-minute walk to Washington Park

About This Home

As of May 2018

Get 2018 off to a prosperous start. This four family home was extensively renovated and has proven to be a strong and consistent rental property. Opportunity presents itself to investors to purchase a 10%+ cap rate property that can continue to be professionally managed (if desired) or for an owner-occupier looking for a home that helps pay for itself. Rental income of almost $5000 per month and manageable expenses due to freshness of renovation. All electrical and plumbing systems are updated and reliable. Even main sewer line was replaced. Two 2 bedroom units on ground floor and two 3 bedroom duplex units upstairs. Three of the tenants have been in place since 2013. Washers and driers are incorporated into the open plan kitchens. Efficient gas furnaces and water heaters are located in basement. Baths have tile floors. Owner utilities are minimal.

Last Listed By

Ben Sinnott

Higgins Group Real Estate License #RES.0798370 Listed on: 03/05/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,150

Year Built

  • Built in 1862

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot
  • Garden

Parking

  • On-Street Parking

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Clap Board Siding
  • Masonry

Interior Spaces

  • 4,832 Sq Ft Home
  • Concrete Flooring

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Hatchway
  • Shared Basement
  • Basement Storage

Outdoor Features

  • Beach Access
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops

Schools

  • Barnum Elementary School
  • Warren Harding High School

Utilities

  • Window Unit Cooling System
  • Zoned Heating

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Additional Features

  • Public Transportation
  • Gross Income $58,956

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,150

Year Built

Built in 1862

Lot Details

0

Listing Details

  • Neighborhood: East Side
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 4832
  • Public Record Living Room Sq Ft: 4832
  • Total Sq Ft: 4832
  • Year Built: 1862
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6720
  • Directions: William St between Maple and Armstrong
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Description: Full, Shared Basement, Concrete Floor, Hatchway Access, Storage
  • Laundry Room Info: All Units Have Hook-Ups, Washer/Dryer All Units
  • Attic: No
  • Street Number Modifier: 279

Exterior Features

  • Exterior Features: Garden Area, Gutters, Lighting
  • Exterior Siding: Clapboard, Wood
  • Foundation Type: Concrete, Masonry
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Air, Zoned
  • Hot Water Description: 40 Gallon Tank, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Barnum
  • High School: Warren Harding

Lot Info

  • Acres: 0.1200
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: Res

Multi Family

  • Gross Annual Income: 58956
  • Unit Count: 4
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 9150
  • Total Assessed Value: 168290
  • Mil Rate Base: 54.370
  • Mil Rate Total: 54.370
  • Assessor Parcel Number: 24472

MLS Schools

  • Elementary School: Barnum
  • High School: Warren Harding

Range of Values:

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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 Change Sq Ft Price
05/14/2018 05/14/18 Sold $350,000 0.0% $72 / Sq Ft
04/30/2018 04/30/18 Rented $1,100 0.0% --
04/27/2018 04/27/18 Under Contract -- -- --
04/25/2018 04/25/18 For Rent $1,100 0.0% --
04/02/2018 04/02/18 Pending -- -- --
03/05/2018 03/05/18 For Sale $359,900 -- $74 / Sq Ft
Source: SmartMLS

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 $10,656 $245,250 $41,600 $203,650
2023 $10,656 $245,250 $41,600 $203,650
2022 $10,656 $245,250 $41,600 $203,650
2021 $10,656 $245,250 $41,600 $203,650
2020 $9,086 $168,290 $9,850 $158,440
2019 $9,086 $168,290 $9,850 $158,440
2018 $9,150 $168,290 $9,850 $158,440
2017 $9,150 $168,290 $9,850 $158,440
2016 $9,150 $168,290 $9,850 $158,440
2015 $8,708 $206,350 $19,060 $187,290
2014 $8,708 $206,350 $19,060 $187,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170030471

SmartMLS

APN: BRID M:42 B:1649 L:9