NOT LISTED FOR SALE
10 Beds
5 Baths
5,040 Sq Ft
0.25 Acres

Last Sold December 20, 2021

Last sale price $810,000 $161 Per Sq Ft

3 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Shed
  • Central High School Rated A-
  • Handicap Accessible
  • Landscaped

About This Home

As of December 2021

Six unit apartment building, three levels, one lower unit is handicapped accessible. 19 x 60 steel carport; Individual gas furnaces, water heaters, gas & electric meters, AC wall units. 66 ft Frontage on State St. and also has rear alley access, which also serves the commercial properties on Front St. Short Term Rentals not allowed. 2 Bedrooms, Living Rm., Kitchen and 1 bath in each unit. Walkable to Downtown 1 block; Park Place 1.5 blocks, Boardman River 1.5 blocks. 2 Units will be left vacant as of Sept 17, to facilitate sale. Newer rentals will be at $750 month for $54,000 gross income at 100% occupancy. Some below market rentals result of tenant longevity.

Last Agent to Sell the Property

Robert Weisbrodt

REO-TCBeulah-Frankfort-233027 Listed on: 09/17/2021

REO-TCBeulah-Frankfort-233027

Last Buyer's Agent

Alison Siles

Five Star Real Estate - Front St TC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1978

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66 x 165
  • Landscaped
  • The community has rules related to zoning restrictions

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 5,040 Sq Ft Home
  • 2-Story Property
  • Drapes & Rods
  • Blinds
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Over 1 Space Per Unit
  • Paved Parking
  • Assigned Parking

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Heating unit installed on the ceiling
  • Natural Gas Water Heater

Listing and Financial Details

  • Rent includes snow removal

Community Details

Overview

  • 6 Units
  • State Street Apartments Community

Building Details

  • Net Operating Income $32,000

Property Details

Home Type

Apartment

Year Built

Built in 1978

Lot Details

0.25 Acres

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Apartment Complex
  • Style: 2 Story
  • Estimated Year Built: 1978
  • Construction: Frame, Modular/Boca, Panelized
  • Univs Design Barrier Free: Ramped Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1978

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Dishwasher, Washer, Dryer, Window A/C Unit (s), All Units The Same, Blinds, Drapes, Electric Water Heater, Natural Gas Water Heater, Smoke Alarms
  • Interior Amenities: Handicap Access/Equipment, Drywall
  • Range: R 15W
  • Total Finished Sf Apx: 5040

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Handicap Access, Landscaped, Balcony
  • Exterior Finish: Wood, Brick, Shingle
  • Foundation: Crawl Space, Block
  • Number Of Acres: 0.25
  • Road: Blacktop
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Assigned Parking Spaces, Over 1 Space Per Unit, Paved Driveway, Carport(s)

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Forced Air, Ceiling, Window Air Conditioner
  • Monthly Electricity Expense: 225

Association/Amenities

  • Development Name: State Street Apartments

Lot Info

  • Lot Number: 13
  • Assessment: Yes
  • Lot Dimensions: 66 x 165
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Multi-Family, Rental History

Rental Info

  • Included In Lease: Snow Removal
  • Rent Spree Y N: No

Multi Family

  • Total Number Units: 6

MLS Schools

  • School District: Traverse City Area Public Schools
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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
12/20/2021 12/20/21 Sold $810,000 +8.0% $161 / Sq Ft
09/17/2021 09/17/21 For Sale $750,000 -- $149 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $24,587 $541,300 $0 $0
2024 $23,299 $503,800 $0 $0
2023 $21,305 $277,600 $0 $0
2022 $21,985 $401,300 $0 $0
2021 $7,668 $277,600 $0 $0
2020 $7,584 $241,800 $0 $0
2019 $7,521 $206,500 $0 $0
2018 $7,359 $188,400 $0 $0
2017 -- $176,100 $0 $0
2016 -- $165,500 $0 $0
2014 -- $164,600 $0 $0
2012 -- $134,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1893082

Northern Great Lakes REALTORS® MLS

APN: 51-798-016-00

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