NOT LISTED FOR SALE

460 Lee Ave Decatur, MI 49045

8 Beds
-- Bath
-- Sq Ft
0.52 Acres

Last Sold March 09, 2021

Last sale price $145,000

195 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of March 2021

Great investment opportunity. Four desirable, well planned rental units in two duplexes. Each unit has it's own sliding glass door to private patio. Located on a quiet street one block from schools, three blocks from Lake-of-the-Woods Village Beach and Park, and five blocks from downtown. Long term tenants. One building has a 1380 sq ft full basement. Cash flow from three of the units can generate enough income for a resident owner to live rent-free in the fourth unit.

Last Agent to Sell the Property

Dave Springsteen

Cressy & Everett Real Estate License #6506043046 Listed on: 06/27/2020

Cressy & Everett Real Estate

Last Buyer's Agent

Orville Smith

RE/MAX Advantage License #6501309986

RE/MAX Advantage

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1973

Lot Details

  • 0.52

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Window Unit Heating System
  • Baseboard Heating
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Crawl Space
  • 0.52 Acre Lot

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer

Property Details

Home Type

Apartment

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 188000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.52
  • Lot Size Area: 0.52
  • Lot Size Sq Ft: 22500.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4359.0
  • Tax Year: 2019

Range of Values:

Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
03/09/2021 03/09/21 Sold $145,000 -22.9% --
01/08/2021 01/08/21 Pending -- -- --
06/27/2020 06/27/20 For Sale $188,000 +97.9% --
10/04/2016 10/04/16 Sold $95,000 -13.6% --
08/30/2016 08/30/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $109,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20024420

Southwestern Michigan Association of REALTORS®