NOT LISTED FOR SALE
14 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Sale Details

Date Sold: July 10, 2015

Last sale price $390,000

111 Days on Market

Highlights

  • Greystone Architecture
  • Brick or Stone Mason
  • Paved or Partially Paved Lot

About This Home

As of July 2015

Gorgeous 4-flat greystone. Units are massive with 3 of them featuring 4 beds. Contemporary kitchens & baths. All units were renovated over the past few years. Mechanicals in top shape. Tenants pay all utilities except water. Very low maintenance building. Room to grow annual income. 3 exterior parking spaces. 9.9 cap rate. 7.7 GIM. Great investment opportunity with good upside appreciation potential.

Last Agent to Sell the Property

Pucksiha Xumsai

Century 21 S.G.R., Inc. License #475163587 Listed on: 02/14/2015

Co-Listed By

Paul Xumsai

Century 21 S.G.R., Inc.

Century 21 S.G.R., Inc.

Last Buyer's Agent

Paul Xumsai

Century 21 S.G.R., Inc.

Century 21 S.G.R., Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,416

Year Built

  • Built in 1893

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Paved or Partially Paved Lot

Home Design

  • Greystone Architecture
  • Brick or Stone Mason
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Potential Bedrooms
  • 4 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $58,284
  • Net Operating Income $44,814

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,416

Year Built

Built in 1893

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Greystone
  • New Construction: No
  • Year Built: 1893
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 4
  • Total Bedrooms: 14
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Other Expenses $: 13469

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 25 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 44814
  • GrossIncome: 58284
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 3416.41
  • Tax Year: 2013
  • 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
07/10/2015 07/10/15 Sold $390,000 -13.3% --
06/05/2015 06/05/15 Pending -- -- --
02/14/2015 02/14/15 For Sale $450,000 -- --
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 $5,649 $55,285 $10,938 $44,347
2024 $5,649 $55,285 $10,938 $44,347
2023 $5,484 $30,001 $10,938 $19,063
2022 $5,484 $30,001 $10,938 $19,063
2021 $5,379 $29,999 $10,937 $19,062
2020 $5,474 $27,673 $5,312 $22,361
2019 $5,629 $31,447 $5,312 $26,135
2018 $5,533 $31,447 $5,312 $26,135
2017 $4,728 $25,338 $4,375 $20,963
2016 $4,575 $25,338 $4,375 $20,963
2015 $4,162 $25,338 $4,375 $20,963
2014 $3,497 $21,414 $3,750 $17,664
2013 -- $21,414 $3,750 $17,664
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08838772

Midwest Real Estate Data (MRED)
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