$1,550,000
PENDING

Estimated payment $9,664/month

Total Views 3,334
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1.74 Acre Lot
  • Forced Air Heating System
  • High Speed Internet

About This Home

This well-maintained 16 unit property boasts an attractive unit mix with 8-2br units and 8-3br units, consisting of 4 - 4unit buildings. Rents are low and should be increased to market. All units are townhouse style with full basements and seperate mechanicals. Buyers may also be able to add an additional bedroom in the basement with proper plans and approvals. This could be a great opportunity for your next cost segregation study or 1031 exchange. Many capital improvements have been completed, featuring many new furnaces and HW heaters. Don't miss this great addition to your rental portfolio.

Listing Agent

Shawn Jacobs

MOXIE Real Estate + Development License #6501370018 Listed on: 08/19/2025

Co-Listing Agent

Daniel Kolp

MOXIE Real Estate + Development License #6501448312

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,409

Year Built

  • Built in 1961

Lot Details

  • 1.74 Acre Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement
  • Laundry in Basement

Parking

  • 32 Parking Spaces
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Buildings
  • 16 Units

Listing and Financial Details

  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,409

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1961
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 260 x 560 (buyer to verify)
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: RM15
  • General Property Info:Total _pound_ Units: 16
  • General Property Info:Total _pound_ Bldgs: 4.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Laundry Features In Basement: 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
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: This well-maintained 16 unit property boasts an attractive unit mix with 8-2br units and 8-3br units, consisting of 4 - 4unit buildings. Rents are low and should be increased to market. All units are townhouse style with full basements and seperate mechanicals. Buyers may also be able to add an additional bedroom in the basement with proper plans and approvals. This could be a great opportunity for your next cost segregation study or 1031 exchange. Many capital improvements have been completed, featuring many new furnaces and HW heaters. Don't miss this great addition to your rental portfolio.
  • Remarks Misc: Agent Only Remarks: Buyer to verify all information. Lot dimensions not know, estimated. Financials and rent roll upon request. Value add opportunity to renovate and raise rents and implement a utility bill back/RUBS program to recapture some of the utility expense.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Other
  • List Price: 1550000.0
  • Number of Buildings: 4
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 32.0
  • General Property Info:Total Parking Spaces: 32.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 1.74
  • Lot Size Area: 1.74
  • Lot Dimensions: 260 x 560 (buyer to verify)
  • Lot Size Sq Ft: 75794.0
  • Zoning Description: RM15

Rental Info

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

Multi Family

  • Number of Units Total: 16

Tax Info

  • Tax Annual Amount: 18408.7
  • Tax Year: 2024

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $18,409 $513,800 $0 $0
2024 $7,628 $508,300 $0 $0
2023 $7,270 $436,500 $0 $0
2022 $16,696 $410,600 $0 $0
2021 $16,148 $381,400 $0 $0
2020 $15,843 $355,400 $0 $0
2019 $15,258 $333,700 $0 $0
2018 $14,906 $304,000 $0 $0
2017 $15,034 $292,900 $0 $0
2016 $15,034 $261,500 $0 $0
2015 $15,034 $257,900 $0 $0
2014 $15,034 $250,300 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 Pending -- -- --
08/19/2025 08/19/25 For Sale $1,550,000 -- --
Source: MichRIC

Source: MichRIC

MLS Number: 25042065

MichRIC

APN: 06-27-384-001