NOT LISTED FOR SALE
19 Beds
13 Baths
-- Sq Ft
6,162 Sq Ft Lot

Sale Details

Date Sold: July 31, 2023

Last sale price $735,000

267 Days on Market

About This Home

As of July 2023

Long-term Owner offering stable and established 13-unit multifamily building. 100% occupancy with upgraded units, newer mechanicals, laundry facilities, newer porches, masonry, electrical, etc. No deferred maintenance and great mid-market, workforce housing location. Mix of 1- & converted 2-bedroom units currently generating $11K per month with room to raise rents. Opportunity for a 11% Cash-on-Cash return investment at List Price. Total Return exceeds 21% at List.

Last Agent to Sell the Property

Rob Thompson

Realty Asset Advisors LLC License #471021162 Listed on: 08/03/2022

Last Buyer's Agent

Rob Thompson

Realty Asset Advisors LLC License #471021162 Listed on: 08/03/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,969

Year Built

  • Built in 1920

Lot Details

  • 6,162

Home Design

  • Garden Apartment
  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 13 Bathrooms

Utilities

  • Central Heating
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Gas

Additional Features

  • 3-Story Property
  • 6,162 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 13 Units

Building Details

  • Electric Expense $1,195
  • Fuel Expense $12,000
  • Insurance Expense $6,892
  • Maintenance Expense $6,552
  • Manager Expense $6,312
  • Other Expense $6,208
  • Trash Expense $1,568
  • Water Sewer Expense $10,667
  • Operating Expense $66,652
  • Gross Income $133,740
  • Net Operating Income $59,588

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,969

Year Built

Built in 1920

Lot Details

6,162 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1920
  • Built Before 1978 (Y/N): Yes
  • Information: Show-Call Listing Office,48-Hr Notice Required,Othr-Call List Agent
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 13
  • Total Bedrooms: 19
  • Possible Use: Multi-Family
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 13
  • Ranges: 13
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Utilities

  • Heat/Ventilation: Central Bldg Heat,Gas,Radiators,Steam
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Manager Expense: 6312
  • Unincorporated (Y/N): No
  • Conversion YN: N

Fee Information

  • Trash Expense: 1568
  • Water Sewer Expenses: 10667

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 6162
  • Lot Size Sq Ft: 6162
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Other
  • Board Number: 10

Multi Family

  • Net Operating Income: 59588
  • Fuel Expense: 12000
  • Insurance Expense: 6892
  • ElectricExpense: 1195
  • GrossIncome: 133740
  • Maintenance Expense: 6552
  • NumberOfUnitsTotal: 13
  • OperatingExpense: 66652
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 13969
  • Tax Year: 2020
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Off Market $735,000 -- --
07/31/2023 07/31/23 Sold $735,000 0.0% --
05/31/2023 05/31/23 Off Market $735,000 -- --
04/28/2023 04/28/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $775,000 +5.4% --
01/05/2023 01/05/23 Off Market $735,000 -- --
11/22/2022 11/22/22 For Sale $775,000 +5.4% --
11/07/2022 11/07/22 Off Market $735,000 -- --
10/27/2022 10/27/22 For Sale $775,000 0.0% --
08/16/2022 08/16/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $775,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $16,002 $113,801 $7,703 $106,098
2024 $16,002 $113,801 $7,703 $106,098
2023 $15,600 $75,845 $5,546 $70,299
2022 $15,600 $75,845 $5,546 $70,299
2021 $15,252 $75,844 $5,545 $70,299
2020 $13,955 $62,643 $5,545 $57,098
2019 $12,586 $62,643 $5,545 $57,098
2018 $12,374 $62,643 $5,545 $57,098
2017 $11,986 $55,680 $4,621 $51,059
2016 $6,230 $31,105 $4,621 $26,484
2015 $3,969 $21,662 $4,621 $17,041
2014 $5,005 $26,974 $4,621 $22,353
2013 $4,906 $26,974 $4,621 $22,353
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11482569

Midwest Real Estate Data (MRED)
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