NOT LISTED FOR SALE

502 S East St Eaton Rapids, MI 48827

-- Bed
-- Bath
3,468 Sq Ft
0.38 Acres

Last Sold August 26, 2020

Last sale price $155,000 $45 Per Sq Ft

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Wood Siding

About This Home

As of August 2020

Great 4 unit property meticulously maintained and updated. Fully occupied and great cash flow. Literally no deferred maintanence. Updates include new roof with tear off, All new A/C for each unit and newer furnaces for each unit. Tenants pay gas and electric.

Last Agent to Sell the Property

Christopher Silker

Keller Williams Realty Lansing License #6506046369 Listed on: 05/06/2020

Keller Williams Realty Lansing

Last Buyer's Agent

Doug Eschtruth

RE/MAX Real Estate Professionals License #6502129736

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,765

Year Built

  • Built in 1968

Lot Details

  • 0.38 Acre Lot

Home Design

  • Ranch Style House
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,468 Sq Ft Home
  • Crawl Space
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • No Garage

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Total Actual Rent $30,900

Community Details

Overview

  • 4 Units

Building Details

  • Other Expense $2,035
  • New Taxes Expense $3,765
  • Operating Expense $12,305
  • Net Operating Income $17,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,765

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Gross Rent: 30900.0
  • Miscellaneous: 2035.0
  • Net Income: 17050.0
  • Other Income: 600.0
  • Total Expense: 12305.0
  • Misc Business Info Construction Type: Ranch
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2019
  • Misc Business Info Overall Building Siz: 3468
  • Levels: One
  • Year Built: 1968
  • Lot Size Acres: 0.38
  • Lot Size: undefinedxundefined
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3468.0
  • Architectural Style: Ranch
  • General Property Info:Lot Size Dimensions: undefinedxundefined
  • General Property Info:Above Grade Finished Area: 3468.0
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • General Property Info:ECO Friendly Features: No
  • Architectural Style:Ranch: Yes
  • Exterior:Wood Siding: Yes
  • Tax Info:Taxes2: 3765.0
  • Tax Info:Zoning3: Multi-Family
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Ranch
  • General Property Info:_pound_ of Units: 4
  • Annual Inc Expense:Tax Expense2: 3765.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Wood Siding

Garage/Parking

  • Parking Features: Asphalt, No Garage
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:No Garage: Yes
  • General Property Info:Parking Total: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Eaton Rapids

Lot Info

  • Lot Size Sq Ft: 16552.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1579

Range of Values:

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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
08/26/2020 08/26/20 Sold $155,000 -3.1% $45 / Sq Ft
05/05/2020 05/05/20 For Sale $160,000 +20.8% $46 / Sq Ft
05/01/2017 05/01/17 Sold $132,500 -11.6% $38 / Sq Ft
03/06/2017 03/06/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $149,900 -- $43 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christopher Silker

    Seller's Agent in 2020

    Christopher Silker

    Keller Williams Realty Lansing

    (517) 242-9251

    4 in this area

    284 Total Sales

    Christopher Silker
    Section Image

  • D

    Buyer's Agent in 2020

    Doug Eschtruth

    RE/MAX Michigan

    (517) 455-7964

    15 Total Sales

    Doug Eschtruth
    Section Image

  • D

    Seller's Agent in 2017

    Duane Ross

    Ross & Associates Realtors, LLC

    Section Image
See All Agents

Map

Source: Greater Lansing Association of Realtors®

MLS Number: 245695

Greater Lansing Association of Realtors®

APN: 300 050 604 010 00

Michigan Eaton County Eaton Rapids 48827

502 S East St, Eaton Rapids, MI

This home is located at 502 S East St, Eaton Rapids, MI 48827 since 06 May 2020. This property was built in 1968. 502 S East St is a home located in Eaton County with nearby schools including Lockwood Elementary School, Greyhound Intermediate School, and Eaton Rapids Middle School.

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