NOT LISTED FOR SALE

5230 Pointe Dr East China, MI 48054

East China Township Neighborhood
16 Beds
16 Baths
5,734 Sq Ft
1980 Built

Last Sold September 08, 2021

Last sale price $700,000 $122 Per Sq Ft

1,058 Days on Market

Highlights

  • Lobby
  • Marine City High School Rated 9+
  • Baseboard Heating

About This Home

As of September 2021

East China Township Michigan 16 Unit Investment Property. Broken down as 2 - 2 story 8 unit buildings. EACH well maintained building inc 2 attached buildings with 8 units total. 4 units up,4 units down. Each has 1 bedroom, 1 bath, laundry closet, 2 storage closets, Living room, kitchen with stove and refrigerator. Total 16 units. Each unit has its own individual tax parcel ID. So this could be converted to condos at some point and sold. The Sale includes 5230 Pointe Dr, Units A,B,C,D; 5232 Pointe Dr, Units A,B,C,D; and 5236 Pointe Dr, Units A,B,C,D; 5238 Pointe Dr, Units A,B,C,D. Tenants are month to month. Some have been there for years are paying $450 mo; recent tenants are paying $500 mo. Tenants pay security, their own water and electric. Owner pays common hall electric. snow removal, lawn cutting, exterior maintenance. Mail boxes are on premises, ample parking. Upper units have balconies, lower units have patios. Can be purchased for $900,000 if closed within 30 days.

Last Agent to Sell the Property

Wynne Achatz

Real Estate One Westrick License #6504153558 Listed on: 07/30/2018

Real Estate One Westrick

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1980

Lot Details

  • Lot Dimensions are 100x200

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Vinyl Construction Material

Interior Spaces

  • 16 Full Bathrooms
  • 5,734 Sq Ft Home
  • 2-Story Property

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Back Up Electric Heat Pump System
  • Baseboard Heating
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 74189700009000

Community Details

Overview

  • 16 Units
  • Sunset Manor Condo Sub Plat Subdivision

Amenities

  • Lobby

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$797

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building
  • Architecture Level: 2 Story
  • Year Built: 1980
  • State Equalized Value: 20900.0000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 16.00
  • Full Bathrooms: 16
  • Sq Ft Combined: 5734
  • Total Sq Ft: 5734

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Poured
  • Frontage Feet: 100
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved

Utilities

  • Heating Fuel: Electric
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Sewer: Sewer at Street
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: East China

Lot Info

  • Lot Dimensions: 100x200
  • Parcel Number: 74189700009000
  • Zoning: Multi-Family

Rental Info

  • Monthly Rental Income: 7400

Tax Info

  • Tax Amount Summer: 631.0000
  • Tax Amount Winter: 166.0000
  • Total Tax: 797.0000
  • Taxable Value: 20900.0000

Multi Family

  • Gross Scheduled Income: 88800.00
  • Number Of Units Total: 16
  • Unit Count: 1
  • Number of One Bedroom Units: 16
  • Number Of Units Leased: 15

MLS Schools

  • School District: East China

Range of Values:

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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
09/08/2021 09/08/21 Sold $700,000 0.0% $122 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
01/28/2021 01/28/21 Off Market $700,000 -- --
01/25/2021 01/25/21 For Sale $800,000 +14.3% $140 / Sq Ft
11/23/2020 11/23/20 Off Market $700,000 -- --
11/23/2020 11/23/20 Pending -- -- --
02/06/2019 02/06/19 Price Changed $1,000,000 -16.7% $174 / Sq Ft
07/30/2018 07/30/18 For Sale $1,200,000 -- $209 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wynne Achatz

    Seller's Agent in 2021

    Wynne Achatz

    Real Estate One Westrick

    (810) 765-8862

    27 in this area

    203 Total Sales

    Section Image

  • N

    Buyer's Agent in 2021

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2021

    Unidentified Agent

    Unidentified Office

See All Agents

Map

Source: Realcomp

MLS Number: 218067196

Realcomp

Michigan St. Clair County East China 48054 East China Township

5230 Pointe Dr, East China, MI

This home is located at 5230 Pointe Dr, East China, MI 48054 since 30 July 2018. This property was built in 1980. 5230 Pointe Dr is a home located in St. Clair County with nearby schools including Belle River Elementary School, Marine City Middle School, and Marine City High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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