NOT LISTED FOR SALE

3114 Niagara St Wayne, MI 48184

Wayne Area
6 Beds
6 Baths
3,600 Sq Ft
0.47 Acre Lot

Sale Details

Date Sold: December 19, 2016

Last sale price $214,900 $60 Per Sq Ft

327 Days on Market

Highlights

  • 0.47 Acre Lot
  • 1-Story Property
  • Baseboard Heating

About This Home

As of December 2016

This building has all tenants at $485 month + electric including most Utilities. Each unit is 1 bedroom and approximately 600 sq. ft. Exterior entrances to all units, ranch style, and each unit has its own front and back porch. "Utilities" includes trash removal, gas, common area electric, water & sewer. Washer/Dryers & Tenant storage in Basement. $1.50 / load. Tenant pays own personal electric. Boiler is approximately 12 years old and property was upgraded to copper, as well as roof/windows re-done in the last 10 years. Appliances in good condition. Apartments have a baseboard hot water heating system. Pet policy is cats only/no dogs.
** This is a great 6-unit apartment building located in Wayne just off of Michigan Avenue. This is a perfect opportunity to own an income producing investment with low management overhead. Building is very well maintained and positioned for a easy transition to new ownership.

Last Agent to Sell the Property

Tjader Gerdom

GRI Homes For Today License #6501285892 Listed on: 10/30/2015

Last Buyer's Agent

Jamal Alaouieh

RE/MAX Team 2000 License #RCO-6501381369

RE/MAX Team 2000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1946

Lot Details

  • 20,473 Sq Ft Lot
  • Lot Dimensions are 132' x 97' x 134' x 74' x 77'

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation

Interior Spaces

  • 6 Full Bathrooms
  • 3,600 Sq Ft Home
  • 1-Story Property

Utilities

  • Back Up Electric Heat Pump System
  • Baseboard Heating
  • Hot Water Heating System

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 55002011261000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,097

Year Built

Built in 1946

Lot Details

0.47 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 1 Story
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Total Sq Ft: 3600

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Electric
  • Heating: Baseboard, Hot Water
  • Sewer: Shared Septic (Common)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 457234.0426
  • Lot Size Area: 0.47
  • Lot Dimensions: 132' X 97' X 134' X 74' X 77'
  • Parcel Number: 55002011261000
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 2910

Tax Info

  • Tax Amount Summer: 4464.0000
  • Tax Amount Winter: 633.0000
  • Total Tax: 5097.0000

Multi Family

  • Gross Scheduled Income: 33872.40
  • Number Of Units Total: 6

MLS Schools

  • School District: Wayne-Westland

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

Listed on
Oct 30, 2015
Closed on
Dec 19, 2016
Sold by
Bought by
Seller's Agent
Tjader Gerdom
GRI Homes For Today
Buyer's Agent
Jamal Alaouieh
RE/MAX Team 2000
List Price
$214,900
Sold Price
$214,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,175
Interest Rate
0.0403%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 18, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 2003
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Rason Burgess Title Agency
-- 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 $16,175
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
12/19/2016 12/19/16 Sold $214,900 0.0% $60 / Sq Ft
09/21/2016 09/21/16 Pending -- -- --
10/30/2015 10/30/15 For Sale $214,900 -- $60 / Sq Ft
Source: Realcomp

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 $5,707 $117,300 $0 $0
2024 $5,512 $106,500 $0 $0
2023 $5,258 $97,200 $0 $0
2022 $5,961 $89,600 $0 $0
2021 $6,216 $86,400 $0 $0
2020 $7,609 $86,400 $0 $0
2019 $4,773 $74,100 $0 $0
2018 $4,545 $71,600 $0 $0
2017 $1,775 $65,300 $0 $0
2016 $5,381 $67,900 $0 $0
2015 $7,215 $76,800 $0 $0
2013 $6,990 $71,000 $0 $0
2012 -- $68,900 $35,800 $33,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215117472

Realcomp
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