NOT LISTED FOR SALE
14 Beds
5.5 Baths
5,916 Sq Ft
6,970 Sq Ft Lot

Last Sold March 11, 2021

Last sale price $313,500 $53 Per Sq Ft

149 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Baseboard Heating
  • No HOA
  • Public Transportation
  • Private Driveway

About This Home

As of March 2021

Investors take note, of this opportunity to purchase a turn key 6 unit, brick building with off-street parking and 11% CAP rate. This property consists of (2) 3 bed/1 bath units + (4) 2 bed/1 bath units – all large and spacious with EIK + LR and good size rooms/closets. All six apartments are renovated (within the last 1-2 years) with a variety of new kitchens + appliances, baths, flooring, paint and fixtures. There is off-street parking for tenants behind the building. The property features curb appeal, nicely kept common areas and all newer replacement windows. The utilizes are separate and tenant paid – gas: heat, hot water and cooking. The electric is updated and also tenant paid. There are currently no subsidy tenants. This is a great investment with 11% CAP current and 13.7+% CAP pro-forma. . A Must See!

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 06/05/2020

Oxford Realty

Last Buyer's Agent

Thuyan Tran

Oxford Realty License #REB.0794813

Oxford Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,340

Year Built

  • Built in 1926

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Flat Roof Shape
  • Brick Exterior Construction
  • Concrete Foundation
  • Flat Tile Roof
  • Masonry Siding

Interior Spaces

  • 5,916 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 14 Bedrooms

Parking

  • Private Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Additional Features

  • Public Transportation
  • Gross Income $62,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,340

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Neighborhood: Clay Arsenal
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 5916
  • Public Record Living Room Sq Ft: 5916
  • Total Sq Ft: 5916
  • Year Built: 1926
  • Nearby Amenities: Commuter Bus, Park, Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 8671
  • Tax Year Updated Dt: 08/03/2020
  • Directions: Main St to Nelson St
  • Special Features: None

Interior Features

  • Total Bedrooms: 14
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Basement Description: Full, Unfinished
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: No

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Brick
  • Foundation Type: Concrete
  • Roof Information: Flat
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Garage Parking Info: Paved, Driveway, Off Street Parking
  • Driveway Type: Private, Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1600
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: NX-2

Multi Family

  • Gross Annual Income: 62100
  • Unit Count: 6
  • Total Multi Family: 32
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 9340
  • Mil Rate Base: 74.290
  • Assessor Parcel Number: 610179

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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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
03/11/2021 03/11/21 Sold $313,500 -7.8% $53 / Sq Ft
11/01/2020 11/01/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $339,900 -- $57 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170302611

SmartMLS

APN: HTFD M:240 B:165 L:142