NOT LISTED FOR SALE

Estimated Value: $718,015

18 Beds
12 Baths
-- Sq Ft
0.82 Acres

Last Sold June 06, 2022

Last sale price $590,000

Est. 22% increase in value since last sale

Current estimated payment $4,815/month

80 Days on Market

About This Home

As of June 2022

Offered at $590,000 / sold as full package. You will not find many opportunities below $50,000 a unit anymore. The property consists of 3 single story, Ranch designed buildings. Twelve Units total fully occupied, each building has two 2 Bedroom units and two 1 Bedroom Units. Units are in good condition basic layout with kitchen, living area, bedroom and full bath. Good upside on rents. Minimal monthly expenses as tenants cover there own utilities. Exterior condition is good. This is an easy to care for property.

Last Agent to Sell the Property

KENNETH REDEKER

Keller Williams Realty Signature License #471012969 Listed on: 12/22/2021

Keller Williams Realty Signature

Last Buyer's Agent

Teresa Skridla

Century 21 Affiliated-Beloit License #475156819

Century 21 Affiliated-Beloit

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,725

Year Built

  • Built in 1975

Lot Details

  • 0.82 Acre Lot
  • Lot Dimensions are 82 x 400 x 100 x 350

Parking

  • 13 to 18 Parking Spaces

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Additional Features

  • 1-Story Property
  • Heating Available

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 12 Units

Building Details

  • Insurance Expense $2,000
  • Manager Expense $7,320
  • Other Expense $500
  • Trash Expense $1,440
  • Water Sewer Expense $750
  • Operating Expense $12,010
  • Gross Income $73,200
  • Net Operating Income $52,465

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,725

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 1
  • Year Built: 1975
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Call Listing Office,No Sign on Property
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 18
  • Possible Use: Multi-Family
  • Refrigerators: 12
  • Ranges: 12
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Wood Frame
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 590000
  • Roof: Composition
  • Roof Structure: Hip

Garage/Parking

  • Outdoor Parking: 13-18 Spaces

Utilities

  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Electric

Condo/Co-op/Association

  • Manager Expense: 7320
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1440
  • Water Sewer Expenses: 750
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 82 X 400 X 100 X 350
  • Lot Size Sq Ft: 35734
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 24

Multi Family

  • Net Operating Income: 52465
  • Insurance Expense: 2000
  • GrossIncome: 73200
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 12010
  • Expense Year: 2021
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 8725
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2021
Closed on
Jun 2, 2022
Sold by
Alhumdullilah Llc
Bought by
5405 Bennett Llc
Seller's Agent
KENNETH REDEKER
Keller Williams Realty Signature
Buyer's Agent
Teresa Skridla
Century 21 Affiliated-Beloit
Sold Price
$590,000
Current Estimated Value
$718,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,015
Avg. Annual Appreciation
7.34%
Original Mortgage
$472,000
Outstanding Balance
$186,874
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$551,604

Purchase Details

Listed on
Dec 22, 2021
Closed on
May 27, 2022
Sold by
Alhumdullilah Llc and Alhamdhullilah Llc
Bought by
5405 Bennett Llc
Seller's Agent
KENNETH REDEKER
Keller Williams Realty Signature
Buyer's Agent
Teresa Skridla
Century 21 Affiliated-Beloit
Sold Price
$590,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Outstanding Balance
$186,874
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$551,604

Purchase Details

Closed on
Aug 13, 2021
Sold by
East Ridge Apartment Rentals Llc
Bought by
Alhamdhullilah Llc

Purchase Details

Closed on
May 11, 2021
Sold by
Bowers Richard J
Bought by
East Ridge Apartments Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
5405 Bennett Llc $590,000 Mario J Tarara
5405 Bennett Llc $590,000 None Listed On Document
Alhamdhullilah Llc -- None Listed On Document
East Ridge Apartments Llc $472,000 Larkin Brian K
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 5405 Bennett Llc $472,000
Closed 5405 Bennett Llc $472,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $590,000 0.0% --
03/14/2022 03/14/22 Pending -- -- --
02/01/2022 02/01/22 For Sale -- -- --
01/01/2022 01/01/22 Pending -- -- --
12/23/2021 12/23/21 For Sale $590,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $10,841 $130,148 $29,093 $101,055
2023 $10,363 $114,759 $25,653 $89,106
2022 $10,080 $102,573 $22,929 $79,644
2021 $9,482 $94,052 $21,024 $73,028
2020 $8,725 $88,913 $19,875 $69,038
2019 $8,955 $84,744 $18,943 $65,801
2018 $9,243 $79,864 $17,852 $62,012
2017 $9,114 $76,432 $17,085 $59,347
2016 $9,021 $75,000 $16,765 $58,235
2015 $9,127 $75,000 $16,765 $58,235
2014 $10,218 $84,938 $16,766 $68,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11293644

Midwest Real Estate Data (MRED)

APN: 11-12-226-075