NOT LISTED FOR SALE

Estimated Value: $262,000 - $340,023

8 Beds
4 Baths
3,190 Sq Ft
$97/Sq Ft Est. Value

Last Sold May 26, 2020

Current estimated payment $2,046/month

55 Days on Market

Highlights

  • Attached Garage
  • Board and Batten Siding
  • Paved or Partially Paved Lot

About This Home

As of May 2020

A great opportunity in Turner for a 4-Plex. 3 of 4 2BR units are rented currently (4th recently vacant-not refreshed yet) with several long-term renters. Ample parking for tenants and guests in large parking lot in rear of building. All units have central heating and window air units. Units have laundry hook-up for W/D in the kitchen. Close to schools and near AMAZON, USPS & Sams Club distribution centers for employment. Sold as a package with 5532 Osage Ave MLS #2208414. Tenants pay utilities. Owner pay lawn maintenance, building maintenance & parking area maintenance. Seller estimates he has $2000-2500/yr per building in misc expenses for repairs/ & maintenance.

Last Agent to Sell the Property

Rex Lorson Jr.

ReeceNichols - Country Club Plaza License #SP00219474 Listed on: 02/21/2020

Last Buyer's Agent

Dimitri Siscos

The Siscos Group Realtors License #BR00017933

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,425

Year Built

  • Built in 1959

Lot Details

  • 10,019 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 2-Story Property

Parking

  • Attached Garage
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Central Air
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 045810

Community Details

Overview

  • 4 Units
  • Partonnars Subdivision
  • On-Site Maintenance

Building Details

  • Gross Income $24,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,425

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Age Description: 51-75 Years
  • Legal Description: PARTONNARS SUB, S23, T11, R24, ACRES 0.240000, L7
  • Package: Yes
  • Year Built: 1959
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Rex Lorson Jr.
  • List Office Mls Id: RAN 01
  • List Office Name: ReeceNichols - Country Club Pl
  • List Office Phone: 913-345-0700
  • Maintenance Description: Building Exterior, HVAC, Lawn, Roof Repair, Roof Replace, Snow Removal
  • Maintenance Provided: Yes
  • Mls Status: Sold
  • Operating Expense: 750
  • Special Documents Required: No
  • Tax Total Amount: 2425
  • Unit Type: 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Basement: No
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Board/Batten, Brick Veneer
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No
  • Parking Features: Attached, Off Street, Paved

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central Electric
  • Sewer: City/Public
  • Utilities: Separate Meters
  • Cooling: No
  • Water Source: City/Public

Condo/Co-op/Association

  • Type Of Management: Owner Manager
  • Association Fee Frequency: Monthly

Schools

  • School District: Turner

Lot Info

  • In Floodplain: No
  • Zoning: KR1
  • Lot Size Area: 10019.00
  • Lot Size Area Units: Square Feet
  • Lot Size Sq Ft: 10019.00
  • Parcel Number: 045810
  • Subdivision Name: Partonnars

Rental Info

  • Existing Lease Terms: 12 Months, Month To Month

Building Info

  • Number of Units Total: 4

Multi Family

  • Gross Income: 24900
  • Current Occupancy Rate: Under 80%
  • Operating Expenses Include: Maintenance

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 2425.00

MLS Schools

  • School District: Turner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 9, 2024
Sold by
Santorini Investment Llc
Bought by
Time Investment Llc
Current Estimated Value
$310,506

Purchase Details

Listed on
Feb 21, 2020
Closed on
May 15, 2020
Sold by
Cache Investment Group Llc
Bought by
Santorini Investment Llc
Seller's Agent
Rex Lorson Jr.
ReeceNichols - Country Club Plaza
Buyer's Agent
Dimitri Siscos
The Siscos Group Realtors
List Price
$230,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$162,574
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2005
Sold by
Buta Joseph and Buta Christine
Bought by
Cache Investment Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
5.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2002
Sold by
Buta Joseph W and Buta Christine R
Bought by
Cache Investment Group Llc

Purchase Details

Closed on
Dec 28, 2001
Sold by
Midwest Asphalt Co Inc
Bought by
Buta Christine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
6.93%
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
Time Investment Llc -- None Listed On Document
Santorini Investment Llc -- Platinum Title Llc
Cache Investment Group Llc -- Accommodation
Buta Joseph -- None Available
Cache Investment Group Llc -- Columbian Title
Buta Christine R -- Columbian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santorini Investment Llc $162,574
Previous Owner Santorini Investment Llc $162,574
Previous Owner Buta Joseph $91,000
Previous Owner Buta Christine R $85,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2020 05/26/20 Sold -- -- --
02/21/2020 02/21/20 For Sale $230,000 -- $72 / Sq Ft
Source: Heartland MLS

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 $4,243 $28,094 $3,934 $24,160
2023 $4,716 $28,224 $3,762 $24,462
2022 $4,285 $25,427 $3,410 $22,017
2021 $3,940 $22,885 $2,980 $19,905
2020 $2,433 $14,266 $2,568 $11,698
2019 $2,425 $13,987 $2,627 $11,360
2018 $2,256 $13,321 $1,647 $11,674
2017 $2,212 $12,449 $1,647 $10,802
2016 $2,178 $12,449 $1,647 $10,802
2015 $2,275 $12,449 $1,527 $10,922
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2208413

Heartland MLS

APN: 045810