NOT LISTED FOR SALE

435 N Broadway Hastings, MI 49058

-- Bed
-- Bath
-- Sq Ft
0.58 Acres

Last Sold May 17, 2013

Last sale price $85,000

17 Days on Market

Highlights

  • Waterfront
  • Baseboard Heating
  • 3-minute walk to Tyden Park
  • 0.58 Acre Lot

About This Home

As of May 2013

Income producing six unit apartment building. Great downtown Hastings location along the banks of the Thornapple River. Each unit currently rented to long term renters. Plenty of parking, carport & all appliances included.

Last Agent to Sell the Property

Thomas Mohler

Miller Real Estate License #6501331125 Listed on: 03/28/2013

Last Buyer's Agent

Brian Whiteman

Value Point Real Estate License #6501261097

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1950

Lot Details

  • 0.58 Acre Lot
  • Waterfront

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Utilities

  • Baseboard Heating
  • Natural Gas Connected

Community Details

  • Insurance Expense $1,924
  • Maintenance Expense $2,177
  • Operating Expense $13,689
  • Gross Income $31,256
  • Net Operating Income $17,567

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Apartment

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 95000.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Thornapple River
  • Waterfront: Yes

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.58
  • Lot Size Area: 0.58
  • Lot Size Sq Ft: 25265.0
  • Zoning Description: A-O

Rental Info

  • Owner Pays: Water, Sewer

Multi Family

  • Gross Income: 31256.0
  • Insurance Expense: 1924.0
  • Maintenance Expense: 2177.0
  • Net Operating Income: 17567.0
  • Operating Expense: 13689.0

Tax Info

  • Tax Annual Amount: 2614.0

Range of Values:

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Average Value
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List Price
Sold Price
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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
05/17/2013 05/17/13 Sold $85,000 -10.5% --
04/14/2013 04/14/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $95,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13016105

Southwestern Michigan Association of REALTORS®