NOT LISTED FOR SALE

Estimated Value: $281,000 - $548,000

3 Beds
-- Bath
5,520 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 25, 2022

Last sale price $350,000 $63 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,720/month

About This Home

As of October 2022

Calling all Investors!!! 333 AND 335 Riley Drive - Great 16 unit property... TWO buildings with 8 units in each building. Many units have been remodeled throughout, many with new LVP flooring! Each unit has its own front & back entrance, dedicated parking space, and tenant pays electric. Many updates including: Newer heaters, lighting, flooring, paint, fixtures, trim/casing, doors, etc... This is a great cash flow property that you will not want to miss! Properties being sold as is. Agent Interest.

Last Agent to Sell the Property

Seth Couillard

Couillard and Company License #475139043 Listed on: 10/25/2022

Couillard and Company

Last Buyer's Agent

Marti Ryan

Vesta Real Estate LLC License #471020484

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,696

Year Built

  • Built in 1967

Lot Details

  • 0.59 Acre Lot
  • Lot Dimensions are 170x150
  • Additional Parcels

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,520 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 16 Units

Building Details

  • Electric Expense $800
  • Fuel Expense $8,595
  • Insurance Expense $1,556
  • Other Expense $4,035
  • Trash Expense $100
  • Water Sewer Expense $400
  • Operating Expense $43,896
  • Gross Income $11,475
  • Net Operating Income $99,648

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,696

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 2
  • Year Built: 1967
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Owner
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Other
  • Misc Inside: Laundry Room
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 350000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 13-18 Spaces,Unpaved

Utilities

  • Cooling: Window Unit(s)
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Gas,Hot Water

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 100
  • Water Sewer Expenses: 400
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.59
  • Lot Dimensions: 170X150
  • Lot Size Sq Ft: 25500
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 23

Building Info

  • BuildingAreaTotal: 5520

Multi Family

  • Net Operating Income: 99648
  • Fuel Expense: 8595
  • Insurance Expense: 1556
  • ElectricExpense: 800
  • GrossIncome: 11475
  • NumberOfUnitsTotal: 16
  • OperatingExpense: 43896
  • Expense Year: 2021
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 14696
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2022
Closed on
Oct 14, 2022
Sold by
Turnkey Homes Llc
Bought by
333-337 Riley Llc
Seller's Agent
Seth Couillard
Couillard and Company
Buyer's Agent
Marti Ryan
Vesta Real Estate LLC
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$407,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,735
Avg. Annual Appreciation
5.56%
Original Mortgage
$2,058,000
Outstanding Balance
$1,983,249
Interest Rate
5.89%
Mortgage Type
Construction
Estimated Equity
-$1,575,514

Purchase Details

Closed on
Nov 11, 2020
Sold by
Dibble Thomas
Bought by
Turnkey Homes Llc

Purchase Details

Listed on
Mar 19, 2020
Closed on
Jul 16, 2020
Sold by
Weaver David E
Bought by
Dibble Thomas
Seller's Agent
Greg Yount
AXIS 360 LLC*
Buyer's Agent
Seth Couillard
Couillard and Company
List Price
$195,000
Sold Price
$181,500
Premium/Discount to List
-$13,500
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.27%
Original Mortgage
$145,200
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
333-337 Riley Llc $350,000 --
Turnkey Homes Llc -- None Available
Dibble Thomas $181,500 Alliance Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 333-337 Riley Llc $2,058,000
Previous Owner Dibble Thomas $145,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2022 10/25/22 Sold $350,000 0.0% $63 / Sq Ft
10/25/2022 10/25/22 For Sale $350,000 +92.8% $63 / Sq Ft
07/20/2020 07/20/20 Sold $181,500 -6.9% --
06/05/2020 06/05/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $195,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $5,849 $89,037 $16,880 $72,157
2022 $5,849 $68,819 $13,047 $55,772
2021 $5,354 $63,000 $11,944 $51,056
2020 $4,124 $48,658 $11,944 $36,714
2019 $4,112 $48,658 $11,944 $36,714
2018 $3,900 $46,341 $11,375 $34,966
2017 $3,901 $46,341 $11,375 $34,966
2016 $3,895 $46,341 $11,375 $34,966
2015 $4,113 $49,079 $12,047 $37,032
2014 $3,982 $49,079 $12,047 $37,032
2013 -- $49,079 $12,047 $37,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11659880

Midwest Real Estate Data (MRED)

APN: 14-35-377-012