NOT LISTED FOR SALE
17 Beds
7 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold July 22, 2020

Last sale price $269,000

4 Days on Market

About This Home

As of July 2020

311-315 N Long is a center entrance 6-flat with a non-conforming (and legal) garden level studio apartment for a total of 7 units. There are two, 2-bed, 1 bath; and four 3-bed 1-bath units. New boiler installed in 2012 heats the whole building and one water heater for the whole building from 2013. Recently inspected roof is in good-repair and has about another 10 years of life. Units do not include kitchen appliances. The building is being sold as-is. There is one empty unit, and two more units scheduled to be vacated in June. Department of buildings is requiring exterior maintenance cost quoted for $30,000 and the quote can be reviewed under "Additional Information." Back on the market with a price reduction by $60,000. This building is a great opportunity to increase value with modest investment and ample building and tenant management!

Last Agent to Sell the Property

Clif Wilson

Root Realty, Inc. License #471021178 Listed on: 04/30/2020

Last Buyer's Agent

Andrew Da Silva

Kale Realty License #475170021

Kale Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1905

Lot Details

  • 8,276

Community Details

  • Fuel Expense $6,000
  • Insurance Expense $4,800
  • Manager Expense $1,200

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1905

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Estimated Age: Older
  • Net Oper Income: 28200
  • Outdoor Parking: 1-5 Spaces
  • Repairs Decor Expense: 600
  • Scavenger Expense: 1980
  • Total Annual Exp: 23260
  • Total Annual Income: 58560
  • Total Monthly Income: 6100
  • Number Of Stories: 3
  • Estimated Year Built: 1905
  • Type Multi Family: Corridor-Interior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1905

Exterior Features

  • Acreage: 0.19

Garage/Parking

  • Number Of Parking Spaces: 3

Utilities

  • Heatventilation: Central Bldg Heat
  • Water Expense: 7600

Condo/Co-op/Association

  • Units in Building: 7
  • Manager Expense: 1200

Fee Information

  • Electricity Expense: 480
  • Janitor Expense: 600

Lot Info

  • Lot Dimensions: 8658 SQ. FT
  • Parcel Identification Number: 16093030080000

Rental Info

  • Gross Rental Income: 73200
  • Tenant Pays: Electric

Multi Family

  • Fuel Expense: 6000
  • Insurance Expense: 4800

Tax Info

  • Taxes: 7,100
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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 List to Sale Price per Sq Ft
07/22/2020 07/22/20 Sold $269,000 0.0% --
06/30/2020 06/30/20 Off Market $269,000 -- --
05/06/2020 05/06/20 For Sale $269,000 0.0% --
05/04/2020 05/04/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $269,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $5,697 $45,000 $10,206 $34,794
2024 $5,697 $45,000 $10,206 $34,794
2023 $5,553 $27,000 $8,080 $18,920
2022 $5,553 $27,000 $8,080 $18,920
2021 $5,429 $26,999 $8,079 $18,920
2020 $6,985 $31,357 $7,229 $24,128
2019 $7,159 $35,634 $7,229 $28,405
2018 $7,039 $35,634 $7,229 $28,405
2017 $5,169 $24,011 $6,378 $17,633
2016 $4,809 $24,011 $6,378 $17,633
2015 $4,400 $24,011 $6,378 $17,633
2014 $4,462 $24,047 $5,953 $18,094
2013 $4,374 $24,047 $5,953 $18,094
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10701855

Midwest Real Estate Data (MRED)

APN: 16093030080000

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