NOT LISTED FOR SALE
Studio
24 Baths
873 Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: December 11, 2017

Last sale price $200,000 $229 Per Sq Ft

65 Days on Market

About This Home

As of December 2017

12 Studio Apartments, approx 4,200+/- SF 2-Story Brick Building located in redeveloping area surrounded by heavy new construction. Professionally managed and receiving $400/mo/unit. Currently at 83% Occupancy. Landlord Costs: $95/mo Gas & Electric, $80/mo Insurance, $300/mo Water, $1,700/yr Taxes. True 11+% ROI, with room for growth. Drive the location to witness the brand new construction development adjacent to the subject property. All appointments to be scheduled through the listing broker. All buyers must be Pre-Qualified with updated Proof of Funds or Pre-Approval Letter within 30 days of showing or offer. Minimum $10,000 EMD required. Contact listing broker direct for additional details.

Last Agent to Sell the Property

James Bufalino

Premier Property Services LLC License #6501313711 Listed on: 10/04/2017

Last Buyer's Agent

Ralph Monko

Community Choice Realty Associates License #RCO-6501397826

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1923 | Remodeled in 2017

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00 x 100.00
  • Fenced

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 873 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Basement Storage

Parking

  • 8 Parking Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Back Up Electric Heat Pump System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Shared Water Meter
  • Sewer in Street
  • Cable TV Available

Community Details

  • 12 Units
  • Rosemary Park No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I062860S

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$827

Year Built

Built in 1923 | Remodeled in 2017

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building, Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1923
  • Year Renovated: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 12.12
  • Full Bathrooms: 12
  • Half Bathrooms: 12
  • Basement: Yes
  • Basement Type: Private Storage Locker, Unfinished
  • Total Sq Ft: 873

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Electric, Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Separate Meters, Wall/Floor Furnace
  • Sewer: Sewer at Street
  • Water Heater Fuel: Common
  • Water Source: Water at Street
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 2857128.5714
  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00 X 100.00
  • Parcel Number: W21I062860S
  • Zone Conform: Yes
  • Zoning: Multiple

Rental Info

  • Deposit Amount: 100000.00
  • Rent Includes: Trash Collection (Garbage Pickup), Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 4000

Tax Info

  • Tax Amount Summer: 751.0000
  • Tax Amount Winter: 76.0000
  • Total Tax: 827.0000

Multi Family

  • Gross Scheduled Income: 48000.00
  • Number Of Units Total: 12
  • Number of Efficiency Units: 12

MLS Schools

  • School District: Detroit

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2023
Sold by
Bought by

Purchase Details

Listed on
Oct 4, 2017
Closed on
Dec 11, 2017
Sold by
Bought by
Seller's Agent
James Bufalino
Premier Property Services LLC
Buyer's Agent
Ralph Monko
Community Choice Realty Associates
List Price
$199,999
Sold Price
$200,000
Premium/Discount to List
$1
0.0%

Purchase Details

Closed on
May 4, 2016
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 2015
Sold by
Bought by

Purchase Details

Closed on
Jun 3, 2009
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- None Listed On Document
$200,000 First American Title Ins Co
$15,000 None Available
$23,370 Attorney
$97,225 None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $90,000
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
12/11/2017 12/11/17 Sold $200,000 0.0% $229 / Sq Ft
10/04/2017 10/04/17 For Sale $199,999 -- $229 / Sq Ft
Source: Realcomp

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 $11,972 $166,000 $0 $0
2024 $11,874 $156,300 $0 $0
2023 $2,149 $134,000 $0 $0
2022 $2,316 $117,600 $0 $0
2021 $3,348 $78,000 $0 $0
2020 $3,188 $61,900 $0 $0
2019 $2,202 $59,200 $0 $0
2018 $1,886 $23,200 $0 $0
2017 $412 $21,700 $0 $0
2016 $1,800 $21,400 $0 $0
2015 $1,905 $21,400 $0 $0
2013 $1,846 $21,448 $0 $0
2010 -- $23,099 $2,449 $20,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 217090046

Realcomp

APN: 21-063060

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