NOT LISTED FOR SALE

4577 5th St Ecorse, MI 48229

4 Beds
4 Baths
2,709 Sq Ft
9,148 Sq Ft Lot

Last Sold March 23, 2020

Last sale price $119,000 $44 Per Sq Ft

5 Days on Market

Highlights

  • 0.21 Acre Lot
  • Patio
  • Forced Air Heating System
  • Ranch Style House
  • Awning

About This Home

As of March 2020

Fantastic and rare opportunity to purchase excellent cash-flowing 4-unit apartment building. You can’t get any better than this! Fully occupied and turn key investment. Each apartment is metered separately with electric and gas and Owner pays water. New gutters installed around entire building (2019) and the building is freshly painted. Very well cared for. Start increasing your annual income today!

Last Agent to Sell the Property

Erik Gray

Real Estate One-Southgate License #6501412004 Listed on: 01/13/2020

Real Estate One-Southgate

Last Buyer's Agent

Penny Tarwacki

Real Estate One Southgate License #6502392169

Real Estate One Southgate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956 | Remodeled in 2019

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 90.00x100.00

Parking

  • On-Street Parking

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 2,709 Sq Ft Home
  • Awning

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 34012090222000

Community Details

Overview

  • 4 Units
  • Suburban City Sub No 1 Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1956 | Remodeled in 2019

Lot Details

9,148 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Ranch
  • Architecture Level: 1 Story
  • Year Built: 1956
  • State Equalized Value: 37000.0000
  • Year Renovated: 2019
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Total Sq Ft: 2709

Exterior Features

  • Roof Material: Composition
  • Foundation Details: Slab
  • Construction Materials: Brick Veneer (Brick Siding), Vinyl
  • Exterior Features: Awning/Overhang(s)
  • Foundation Materials: Brick/Mortar
  • Porch Type: Patio
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 570952.3810
  • Lot Size Area: 0.21
  • Lot Dimensions: 90.00X100.00
  • Parcel Number: 34012090222000
  • Zoning: Commercial

Rental Info

  • Rent Includes: Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 2486.0000
  • Tax Amount Winter: 2482.0000
  • Total Tax: 4968.0000
  • Taxable Value: 37000.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Ecorse
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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
03/23/2020 03/23/20 Sold $119,000 -0.8% $44 / Sq Ft
01/18/2020 01/18/20 Pending -- -- --
01/13/2020 01/13/20 For Sale $119,900 -- $44 / Sq Ft
Source: Realcomp

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 $2,362 $40,900 $0 $0
2024 $2,417 $39,400 $0 $0
2023 $2,269 $37,000 $0 $0
2022 $4,394 $35,300 $0 $0
2021 $4,623 $35,400 $0 $0
2019 $4,830 $37,000 $0 $0
2018 $2,652 $42,100 $0 $0
2017 $5,472 $41,100 $0 $0
2016 $5,762 $44,400 $0 $0
2015 $4,212 $45,600 $0 $0
2013 $4,080 $41,900 $0 $0
2012 $3,200 $40,300 $7,500 $32,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219125044

Realcomp
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