NOT LISTED FOR SALE

311 Smith St Crystal, MI 48818

Estimated Value: $804,041

Studio
-- Bath
-- Sq Ft
1.52 Acres

Last Sold June 11, 2024

Last sale price $750,000

Est. 7% increase in value since last sale

Current estimated payment $4,855/month

10 Days on Market

About This Home

As of June 2024

6, 2 bedroom townhouse style apartments and 8, 1 bedroom apartments with indoor common entrance. 14 total units. Laundry facilities on site. Value add, 2 units need remodeled, 1 unit needs rented. Strong CAP rate as is. Call broker for more details.

Last Agent to Sell the Property

Ryan Kelley

NuCon Realty, LLC License #6502425964 Listed on: 04/13/2024

Co-Listed By

Dontay Robertson

NuCon Realty, LLC License #6501402052

Last Buyer's Agent

Darin Elliott

Greenridge Realty (Ionia)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,349

Lot Details

  • 1.52

Parking

  • 30 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Laundry

  • Laundry Room
  • Laundry on upper level

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Connected
  • Well
  • Septic Tank

Additional Features

  • Stepless Entry
  • 1.52 Acre Lot

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 14 Units

Amenities

  • Laundry Facilities

Recreation

  • Recreational Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,349

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: Unknown
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 14
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Slab: Yes
  • Accessibility Feat:No Step Entrance: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Upper Level: Yes
  • Laundry Features Common Area: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: No Step Entrance
  • Basement: Slab
  • Basement: No
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 820450.0
  • Lot Features: Recreational
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 30.0
  • General Property Info:Total Parking Spaces: 30.0

Utilities

  • Heating: Radiant
  • Heating: Yes
  • Laundry Features: Common Area, In Unit, Laundry Room, Upper Level
  • Sewer: Septic Tank
  • Utilities: Natural Gas Connected, Electricity Connected
  • Water Source: Well
  • Water Well: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Acres: 1.52
  • Lot Size Area: 1.52
  • Lot Dimensions: Unknown
  • Lot Size Sq Ft: 65993.0
  • Zoning Description: Res

Rental Info

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

Multi Family

  • Number of Units Total: 14

Tax Info

  • Tax Annual Amount: 8349.09
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2020
Sold by
Triple D & M Llc
Bought by
Geneva Investments Llc
Current Estimated Value
$804,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$547,500
Outstanding Balance
$485,870
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2012
Sold by
Eschtruth Douglas and Eschtruth Martha
Bought by
Triple D & M Llc

Purchase Details

Closed on
May 15, 2007
Sold by
Crystal Lake Properties
Bought by
Usa Rural Housing Service
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Geneva Investments Llc $420,000 None Available
Triple D & M Llc $120,000 --
Usa Rural Housing Service -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geneva Investments Llc $547,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2024 06/11/24 Sold $750,000 -8.6% --
04/23/2024 04/23/24 Pending -- -- --
04/13/2024 04/13/24 For Sale $820,450 -- --
Source: MichRIC

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 $8,316 $243,700 $0 $0
2024 $7,928 $219,900 $0 $0
2023 -- $181,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Ryan Kelley

    NuCon Realty, LLC

    (616) 401-1595

    29 Total Sales

    Ryan Kelley
    Section Image
  • Dontay Robertson

    Seller Co-Listing Agent in 2024

    Dontay Robertson

    NuCon Realty, LLC

    (616) 916-3408

    72 Total Sales

    Dontay Robertson
    Section Image
  • Darin Elliott

    Buyer's Agent in 2024

    Darin Elliott

    Greenridge Realty (Ionia)

    (616) 523-3006

    597 Total Sales

    Darin Elliott
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 24017496

MichRIC

APN: 005-009-019-10

Michigan Montcalm County Crystal 48818

311 Smith St, Crystal, MI

Not Listed for Sale

MultiFamily

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