$500,000

Estimated payment $3,090/month

-- Bed
-- Bath
5,616 Sq Ft
$89 Price per Sq Ft

Highlights

  • 0.5 Acre Lot
  • Fenced Yard
  • Stone Flooring
  • Golda Meir School Rated A-
  • Storage
  • 5-minute walk to Sherman Park

About This Home

Build your portfolio with this amazing 8 unit mix apartment/commercial space building. This property features 4 fully occupied commercial spaces and 4 one bedroom apartment units with long term tenants. The property has a great cash flow with an average gross income of over 64k annually with the potential to increase. In addition, enjoy less hassle with newer windows in most units, updated bathrooms with ceramic tile (apartments), roof installed in 2018 still under contractors warranty till 2038, a fenced off play area for child care services, plus more. Don't miss out on this great opportunity in the Burleigh street business district.

Listing Agent

Romond Buggs

Homestead Realty, Inc License #90041-94 Listed on: 11/11/2025

Homestead Realty, Inc

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,518

Lot Details

  • 0.5 Acre Lot
  • Fenced Yard

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 5,616 Sq Ft Home
  • Storage

Flooring

  • Carpet
  • Stone

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Community Details

  • Operating Expense $15,186
  • Gross Income $68,400
  • Net Operating Income $53,214

Listing and Financial Details

  • Assessor Parcel Number 2880704000

Property Details

Property Type

Other

Est. Annual Taxes

$5,518

Lot Details

0

Listing Details

  • Property Sub Type: Commercial/Industrial
  • Prop. Type: Comm/Industrial
  • Business Type: Salon/Barber Shop, Other
  • Lot Size Acres: 0.5
  • Road Frontage Type: Near Public Transit
  • Inclusions: 4 refrigerators, 4 stoves,1 coin operated washer and dryer
  • Property Information:Est Total Sq Ft: 5616
  • Special Features: None

Interior Features

  • Has Basement: Full, Block, Brick

Exterior Features

  • Construction Type: Brick, Stone, Vinyl
  • Roof: Rubber

Utilities

  • Green Building Features: Fixtures, Carpeting, Rest Rooms, Inside Storage, Living Space Avail, Fenced Yard
  • Sewer: Municipal Sewer

Lot Info

  • Lot Size Sq Ft: 21780
  • Parcel #: 2880704000

Multi Family

  • Annual Gross Income: 68400
  • Property Net Operating Income: 53213.58
  • Annual Operating Expense: 15186.42

Tax Info

  • Tax Annual Amount: 5518.23
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $6,293 $244,500 $7,100 $237,400
2023 $5,778 $244,500 $7,100 $237,400
2022 $6,321 $244,500 $7,100 $237,400
2021 $6,951 $249,300 $7,100 $242,200
2020 $7,021 $249,300 $7,100 $242,200
2019 $6,982 $205,000 $7,100 $197,900
2018 $5,683 $205,000 $7,100 $197,900
2017 $13,762 $235,000 $7,100 $227,900
2016 $13,433 $191,000 $7,100 $183,900
2015 -- $164,000 $7,100 $156,900
2014 -- $162,000 $7,100 $154,900
2013 -- $190,000 $7,100 $182,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2025 11/11/25 For Sale $500,000 -- $89 / Sq Ft
Source: Metro MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $248,900 None Available
Warranty Deed $69,000 Attorney
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $194,838 Commercial
Previous Owner $201,000 Commercial
Previous Owner $140,000 Commercial
Source: Public Records

Source: Metro MLS

MLS Number: 1942596

Metro MLS

APN: 288-0704-000-8