NOT LISTED FOR SALE

Estimated Value: $84,000 - $280,000

8 Beds
4 Baths
3,836 Sq Ft
$54/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $248,560 $65 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $1,299/month

40 Days on Market

Highlights

  • Lobby
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of October 2022

Beautiful well maintained 4 unit building to add to your portfolio. Very spacious units, individually metered, tenants pay their own utilities and water .Three units occupied with long term occupants no leases. Some tenants may stay have been informed rent will increase. Rent well under market value by easily $250/mo. With cosmetic updates maybe even more rent. Clean dry huge two sided basement full length of the building . Great location to get anywhere, right off the freeway. One unit available to see until accepted offer. Do not approach or disturb tenants. Sold as is where is. BATVAI. Email POF before appt be confirmed. Can negotiate to bundle with vacant land (8107 Elmhurst) actually directly behind the apartment bld. stretch from Fullerton to Cortland.

Last Agent to Sell the Property

Cheryl Johnson

Coldwell Banker Professionals Birm License #6501342469 Listed on: 05/17/2022

Coldwell Banker Professionals Birm

Last Buyer's Agent

Anthony Jones

Realtors In Michigan License #6501436286

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1953

Lot Details

  • Lot Dimensions are 40.00x100.00

Parking

  • Unassigned Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,836 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number W16I024217C8
  • $9,150 Seller Concession

Community Details

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • 4 Units
  • Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,344

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building, Quadruplex, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1953
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 3836
  • Total Sq Ft: 3836
  • Sq Ft Total Bsmt: 3600

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Poured
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Unassigned/General

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal), Water at Street

Schools

  • School District: Detroit

Lot Info

  • Lot Dimensions: 40.00X100.00
  • Parcel Number: W16I024217C8
  • Zoning: Multi-Family
  • Percent Homestead Exempt: Yes

Rental Info

  • Monthly Rental Income: 2800

Tax Info

  • Tax Amount Summer: 1218.0000
  • Tax Amount Winter: 126.0000
  • Total Tax: 1344.0000

Multi Family

  • Gross Scheduled Income: 33600.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 3

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2022
Closed on
Nov 1, 2022
Sold by
Gainey Brenda
Bought by
Anderson Gary
Seller's Agent
Cheryl Johnson
Coldwell Banker Professionals Birm
Buyer's Agent
Anthony Jones
Realtors In Michigan
List Price
$239,000
Sold Price
$248,560
Premium/Discount to List
$9,560
4%
Current Estimated Value
$207,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,338
Avg. Annual Appreciation
-6.14%
Original Mortgage
$267,775
Outstanding Balance
$259,929
Interest Rate
7.08%
Estimated Equity
-$52,707

Purchase Details

Closed on
Feb 26, 2016
Sold by
Williams Joseph M
Bought by
Williams Joseph M and Gainey Brenda

Purchase Details

Closed on
Jan 10, 2005
Sold by
Wells Juanita M and Williams Juanita M
Bought by
Williams Joseph M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Anderson Gary $248,560 Ata National Title
Williams Joseph M -- Attorney
Williams Joseph M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Gary $267,775
Closed Anderson Gary $267,775
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $248,560 +4.0% $65 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $239,000 -- $62 / Sq Ft
Source: Realcomp

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 $2,329 $44,400 $0 $0
2024 $2,329 $36,300 $0 $0
2023 $1,168 $29,500 $0 $0
2022 $1,261 $29,500 $0 $0
2021 $1,344 $27,600 $0 $0
2020 $1,341 $27,000 $0 $0
2019 $1,320 $20,900 $0 $0
2018 $1,250 $19,700 $0 $0
2017 $233 $17,200 $0 $0
2016 $1,370 $73,500 $0 $0
2015 $1,280 $12,800 $0 $0
2013 $1,732 $17,813 $0 $0
2010 -- $25,523 $950 $24,573
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220037402

Realcomp

APN: 16-0242178