NOT LISTED FOR SALE

355 E 14 Mile Rd Birmingham, MI 48009

14 Beds
12 Baths
8,386 Sq Ft
20,473 Sq Ft Lot

Sale Details

Date Sold: July 12, 2023

Last sale price $1,725,000 $206 Per Sq Ft

112 Days on Market

Highlights

  • 0.47 Acre Lot
  • Traditional Architecture
  • Baseboard Heating
  • Pierce Elementary School Rated A
  • Security System Owned
  • Dogs and Cats Allowed

About This Home

As of July 2023

The most prime location Birmingham's Multi Family market has to offer. Pleased to showcase this beautiful 100% occupied building. 12 Units in total. Includes 10 one bedroom units and 2 two bedroom units. Rents are generated at current market rates. All Brick building with a brand new roof, Anderson Windows, Boiler, and Parking lot. Meticulously maintained inside and out. Batvai

Last Agent to Sell the Property

Benny Margolis

KW Domain License #6501384651 Listed on: 12/21/2022

KW Domain

Last Buyer's Agent

Benny Margolis

KW Domain License #6501384651 Listed on: 12/21/2022

KW Domain

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1963

Lot Details

  • 20,473 Sq Ft Lot
  • Lot Dimensions are 250 x 50 x 250 x 50

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Block Foundation

Interior Spaces

  • 12 Full Bathrooms
  • 8,386 Sq Ft Home
  • 2-Story Property
  • Sump Pump
  • Security System Owned

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 1936456018

Community Details

Overview

  • 12 Units
  • Leinbach Humphrey's Ind Vlg Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,228

Year Built

Built in 1963

Lot Details

0.47 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Traditional
  • Architecture Level: 2 Story
  • Year Built: 1963
  • State Equalized Value: 672160.0000
  • Foundation Features: Sump Pump
  • Pets Allowed: Cats OK | Dogs OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Security Alarm (owned)
  • Total Bathrooms: 12.00
  • Full Bathrooms: 12
  • Total Sq Ft: 8386

Exterior Features

  • Foundation Details: Pillar/Post/Pier
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Carports

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Baseboard, Hot Water
  • Sewer: Sewer at Street
  • Water Source: Water at Street
  • Laundry Facilities: No

Fee Information

  • Operating Expense: 70000.00

Lot Info

  • Lot Size Area: 0.47
  • Lot Dimensions: 250 x 50 x 250 x 50
  • Parcel Number: 1936456018
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 15000

Tax Info

  • Tax Amount Summer: 24051.0000
  • Tax Amount Winter: 6177.0000
  • Total Tax: 30228.0000
  • Taxable Value: 589820.0000

Multi Family

  • Gross Scheduled Income: 180000.00
  • Number Of Units Total: 12

MLS Schools

  • School District: Birmingham
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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
07/12/2023 07/12/23 Sold $1,725,000 -17.9% $206 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
12/21/2022 12/21/22 For Sale $2,100,000 -- $250 / 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 $44,326 $937,960 $0 $0
2024 $34,826 $856,570 $0 $0
2023 $25,231 $792,790 $0 $0
2022 $30,415 $672,160 $0 $0
2021 $29,649 $581,850 $0 $0
2020 $23,511 $563,100 $0 $0
2019 $21,476 $523,390 $0 $0
2017 $20,697 $445,970 $0 $0
2015 -- $399,870 $0 $0
2014 -- $379,030 $0 $0
2011 -- $429,590 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221069794

Realcomp
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