NOT LISTED FOR SALE
11 Beds
6 Baths
4,611 Sq Ft
2,614 Sq Ft Lot

Last Sold October 07, 2021

Last sale price $345,000 $75 Per Sq Ft

193 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Enclosed Patio or Porch
  • Corner Lot
  • Thermal Windows
  • Public Transportation

About This Home

As of October 2021

Investors take notice of this turn key, six-unit multifamily opportunity with 10.5+% CAP + 26.2% ROI! The property consists of (5) 2 bed/1 bath units + (1) 1 bed/1 bath apartments. The units feature: updated kitchens and bathrooms + flooring and fixtures. The exterior is vinyl siding + the property has a newer rubber roof (7 years old w/40 year warrantee) + replacement windows. There is a common area laundry room on the first floor with coin op laundry for tenants. The utilities are separate & tenant paid with electric heat + hot water and electric stoves for cooking – super low maintenance! The property is located on a corner lot with no yard to maintain and no off-street parking = low expenses! This a great opportunity to own a turn key, low maintenance asset with 10.5+% CAP! Won’t Last!

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 02/21/2021

Oxford Realty

Last Buyer's Agent

Justin Tulli

Carl Guild & Associates License #RES.0814178

Carl Guild & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,268

Year Built

  • Built in 1885

Lot Details

  • 2,614 Sq Ft Lot
  • Corner Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Side-by-Side
  • Flat Roof Shape
  • Stone Foundation
  • Frame Construction
  • Flat Tile Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 4,611 Sq Ft Home
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Outdoor Features

  • Enclosed Patio or Porch
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Public Transportation
  • Coin Laundry

Building Details

  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,268

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Neighborhood: Brooklyn Center
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 4611
  • Public Record Living Room Sq Ft: 4611
  • Total Sq Ft: 4611
  • Year Built: 1885
  • Nearby Amenities: Commuter Bus, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 07/26/2021
  • Directions: Riverside St to N Leonard St
  • Special Features: None

Interior Features

  • Total Bedrooms: 11
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Location: common laundry room on first floor
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Attic: No

Exterior Features

  • Exterior Features: Gutters, Porch-Enclosed, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Roof Information: Flat
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.0600
  • Lot Description: Corner Lot, Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: CG

Multi Family

  • Gross Annual Income: 60000
  • Unit Count: 6
  • Total Multi Family: 24
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 4268
  • Mil Rate Base: 60.210
  • Assessor Parcel Number: 1388557

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 Prior Sale
10/07/2021 10/07/21 Sold $345,000 -9.2% $75 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $379,900 0.0% $82 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/23/2021 06/23/21 Price Changed $379,900 -2.6% $82 / Sq Ft
03/30/2021 03/30/21 Price Changed $389,900 -2.5% $85 / Sq Ft
02/24/2021 02/24/21 Price Changed $399,900 -2.4% $87 / Sq Ft
02/21/2021 02/21/21 For Sale $409,900 +485.6% $89 / Sq Ft
07/17/2012 07/17/12 Sold $70,000 -12.4% $15 / Sq Ft View Prior Sale
05/24/2012 05/24/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $79,900 -- $17 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170374159

SmartMLS

APN: WBRY M:0367 B:0681 L:0104