NOT LISTED FOR SALE

455 River St Concord, MI 49237

Studio
-- Bath
5,500 Sq Ft
0.67 Acres

Last Sold July 09, 2014

Last sale price $120,000 $22 Per Sq Ft

About This Home

As of July 2014

What a beautiful 5 unit home this is located across from the Mill Pond, nestled on a wooded property, and only a short walk to the trailhead of the popular Falling Waters Trail. Longterm tenants who take pride in their living space. Each unit features a spacious living room, dining and kitchen area, laundry/utility area, a patio, and attached garage with storage area. Three 1 bedroom units rent for $500 a month, and two 2 bedroom units rent for $600 a month. This is a great deal for an investor!

Last Agent to Sell the Property

Amy Gilpin

Production Realty License #6501309873 Listed on: 06/17/2014

Co-Listed By

BART BRADLEY

Production Realty License #6502361598

Last Buyer's Agent

BART BRADLEY

Production Realty License #6502361598

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 0.67 Acre Lot
  • Wooded Lot

Home Design

  • Slab Foundation

Community Details

  • Operating Expense $18,121
  • Gross Income $32,400
  • Net Operating Income $50,300

Listing and Financial Details

  • Tenant pays for electricity, trash collection, gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1993
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 145000.0
  • Lot Features: Wooded
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Lot Info

  • Lot Size Acres: 0.67
  • Lot Size Area: 0.67
  • Lot Size Sq Ft: 29185.2

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Trash Collection, Gas

Multi Family

  • Gross Income: 32400.0
  • Net Operating Income: 50300.0
  • Operating Expense: 18121.0

Tax Info

  • Tax Annual Amount: 7599.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2014 07/09/14 Sold $120,000 -- $22 / Sq Ft
Source: MichRIC

Tax History Compared to Growth

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
2025 $6,546 $132,200 $0 $132,200
2024 $33 $136,200 $0 $136,200
2023 $3,125 $122,300 $0 $122,300
2022 $7,622 $122,500 $0 $122,500
2021 $7,467 $124,900 $34,900 $90,000
2020 $7,382 $130,100 $0 $0
2019 $7,214 $129,200 $0 $0
2018 $5,475 $147,300 $0 $0
2017 $5,070 $103,800 $0 $0
2016 $1,166 $103,800 $29,500 $74,300
2015 -- $103,800 $103,800 $0
2014 -- $103,800 $103,800 $0
2013 -- $103,800 $103,800 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Amy Gilpin

    Production Realty

    Section Image

  • B

    Seller Co-Listing Agent in 2014

    BART BRADLEY

    Production Realty

See All Agents

Map

Source: MichRIC

MLS Number: 21032630

MichRIC
Michigan Jackson County Concord 49237

455 River St, Concord, MI

Not Listed for Sale

MultiFamily

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