NOT LISTED FOR SALE

455 River St Concord, MI 49237

Studio
-- Bath
5,500 Sq Ft
0.67 Acre Lot

Sale Details

Date Sold: July 9, 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

  • 29,185 Sq Ft Lot
  • Lot Dimensions are 121x151x123x67
  • Corner Lot
  • Wooded Lot

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Vinyl Siding

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

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

Community Details

Overview

  • 5 Units

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0.67 Acres

Listing Details

  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1993
  • Driveway:Driveway: Paved
  • Mineral Rights:Mineral Rights: Unknown
  • Sewer:Sewer: Public Sewer
  • Lot Description:Lot Description: Corner Lot, Wooded
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Vinyl Siding, Other
  • List Price: 145000.0
  • Lot Features: Corner Lot, Wooded
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas

Lot Info

  • Lot Size Acres: 0.67
  • Lot Size Area: 0.67
  • Lot Dimensions: 121x151x123x67

Rental Info

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

Multi Family

  • Gross Income: 32400.0
  • Net Operating Income: 50300.0
  • Number of Units Total: 5
  • Operating Expense: 18121.0

Tax Info

  • Tax Annual Amount: 7599.0
  • Tax Year: 2014
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,718 $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

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Map

Source: MichRIC

MLS Number: 21032630

MichRIC
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