NOT LISTED FOR SALE

35422 Smith Rd Romulus, MI 48174

15 Beds
9 Baths
6,438 Sq Ft
27,007 Sq Ft Lot

Last Sold March 14, 2019

Last sale price $225,000 $35 Per Sq Ft

46 Days on Market

Highlights

  • 0.62 Acre Lot
  • Patio
  • Forced Air Heating and Cooling System

About This Home

As of March 2019

ATTENTION INVESTOR! The owner of this 7 unit apartment complex in Romulus is retiring after 20 years of ownership! It as a mix of 2 Three Bedroom units, 4 Two Bedroom units and a One Bedroom unit. All units are metered separately for gas and electric and the landlord pays for the water & sewer. This location is excellent, being under 2 miles from the new Amazon Fulfillment Center and under 5 miles from Detroit Metropolitan Airport. The projected Cap Rate is 17.12%. Don't miss out on this opportunity. Property is being sold is "AS IS" condition. Needs some TLC. DO NOT APPROACH THE TENANTS! All information is estimated and should be verified.

Last Agent to Sell the Property

David Misko

Van Esley Real Estate Inc License #6501351778 Listed on: 01/11/2019

Last Buyer's Agent

Amm Ahm

Century 21 Town & Country License #RCO-6501384158

Century 21 Town & Country

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 27,007 Sq Ft Lot
  • Lot Dimensions are 158 x 158 x 163 x 158

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 6,438 Sq Ft Home
  • 2-Story Property
  • Basement
  • Interior Basement Entry

Parking

  • 11 Parking Spaces
  • Paved Parking

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 80032990005000

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0.62 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1967
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 7.20
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Interior Entry (Interior Access), Private
  • Total Sq Ft: 6438

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick
  • Foundation Materials: Poured
  • Porch Type: Patio
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 11

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 362903.2258
  • Lot Size Area: 0.62
  • Lot Dimensions: 158 X 158 X 163 X 158
  • Parcel Number: 80032990005000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 4450

Tax Info

  • Tax Amount Summer: 4928.0000
  • Tax Amount Winter: 1216.0000
  • Total Tax: 6144.0000

Multi Family

  • Gross Scheduled Income: 53400.00
  • Number Of Units Total: 7

MLS Schools

  • School District: Romulus
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
03/14/2019 03/14/19 Sold $225,000 0.0% $35 / Sq Ft
02/26/2019 02/26/19 Pending -- -- --
02/11/2019 02/11/19 For Sale $225,000 0.0% $35 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
01/11/2019 01/11/19 For Sale $225,000 -- $35 / Sq Ft
Source: Realcomp

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 $7,182 $151,100 $0 $0
2024 $7,125 $154,500 $0 $0
2023 $6,789 $147,500 $0 $0
2022 $7,650 $131,900 $0 $0
2021 $7,423 $129,500 $0 $0
2020 $7,268 $104,400 $0 $0
2019 $6,843 $126,800 $0 $0
2018 $4,928 $121,200 $0 $0
2017 $2,433 $121,100 $0 $0
2016 $6,070 $116,100 $0 $0
2015 $9,207 $103,100 $0 $0
2013 $8,919 $92,900 $0 $0
2012 $3,106 $87,100 $20,200 $66,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Realcomp

MLS Number: 219003214

Realcomp
Your Personal Tour Guide

Ask me questions while you tour the home.