NOT LISTED FOR SALE
8 Beds
5 Baths
-- Sq Ft
1930 Built

Last Sold July 08, 2022

Last sale price $394,000

15 Days on Market

About This Home

As of July 2022

WELL MAINTAINED 4-UNIT INVESTMENT PROPERTY IN PRIME CHATHAM AREA. ALL 100% RENTED WITH ROOM TO INCREASE RENTS WITH MINOR UPDATES. EACH UNIT HAS ENTRY FOYER LEADING TO LARGE LIVING ROOM TWO GENEROUS BEDROOMS, WITH DECORATIVE FIREPLACE WITH BUIIT-IN DISPLAY BOOKSHELVES. SEPARATE FORMAL DINING ROOM. NEWER WINDOWS, BACK PORCH, AND SURROUNDED BY WROUGHT IRON FFENCE. FINISHED BASEMENT WITH ONE A BEDROOM APARTMENT. ROOF LES THAN 2 YEARS OLD. ADDITIONAL ROOM FOR A STUDIO, PERFECT FOR OWNER OCCUPIED, OR ADDITIONAL RENTS. CURRENT TENANTS ON LEASE, AND LONG-TERM TENANTS THAT HAVE TURNED INTO MONTH-TO-MONTH AND PAY ALL UTILITIES. THERE IS ALSO PARKING PAD FOR 2 CARS ON THE PROPERTY, AT THE SIDE OF BUILDING. *SALE WILL BE AS IS

Last Agent to Sell the Property

Yvette Crisp

Coldwell Banker Realty License #475130368 Listed on: 04/03/2022

Coldwell Banker Realty

Last Buyer's Agent

Andriy Voloshchuk

Coldwell Banker Realty License #475178911

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,223

Year Built

  • Built in 1930

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Paved or Partially Paved Lot
  • Property is near park

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $616
  • Fuel Expense $1,205
  • Insurance Expense $2,568
  • Water Sewer Expense $3,475
  • Gross Income $43,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,223

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 3475

Lot Info

  • Lot Dimensions: 4680
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Fuel Expense: 1205
  • Insurance Expense: 2568
  • ElectricExpense: 616
  • GrossIncome: 43920
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 4223.24
  • Tax Year: 2020
  • Tax Exemptions: None
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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
07/08/2022 07/08/22 Sold $394,000 +2.3% --
04/19/2022 04/19/22 Pending -- -- --
04/03/2022 04/03/22 For Sale $385,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $3,376 $27,001 $4,688 $22,313
2024 $3,376 $27,001 $4,688 $22,313
2023 $3,291 $16,001 $7,813 $8,188
2022 $3,291 $16,001 $7,813 $8,188
2021 $3,217 $15,999 $7,812 $8,187
2020 $4,223 $18,958 $5,625 $13,333
2019 $4,328 $21,544 $5,625 $15,919
2018 $4,256 $21,544 $5,625 $15,919
2017 $4,706 $21,860 $5,000 $16,860
2016 $4,378 $21,860 $5,000 $16,860
2015 $4,006 $21,860 $5,000 $16,860
2014 $3,297 $20,336 $4,375 $15,961
2013 $3,220 $20,336 $4,375 $15,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11364279

Midwest Real Estate Data (MRED)