NOT LISTED FOR SALE
9 Beds
8 Baths
5,412 Sq Ft
6,300 Sq Ft Lot

Last Sold April 16, 2024

Last sale price $662,500 $122 Per Sq Ft

10 Days on Market

Highlights

  • 0.14 Acre Lot
  • Courtyard
  • Hot Water Heating System
  • Brick Exterior Construction
  • Central Heating

About This Home

As of April 2024

Here's your chance to own an exceptional 8-unit building generating substantial income! Conveniently located near all amenities, this property offers convenience and accessibility for tenants. Whether you're an investor seeking a lucrative opportunity or looking to expand your portfolio, this building promises a strong return on investment. Don't miss out on this fantastic chance to secure your future in real estate!

Last Agent to Sell the Property

Maria Castillo

RE/MAX MI CASA License #475122116 Listed on: 03/08/2024

RE/MAX MI CASA

Last Buyer's Agent

Jessica Macey

Real Broker LLC License #475193433

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,085

Year Built

  • Built in 1966

Lot Details

  • 6,300 Sq Ft Lot
  • Lot Dimensions are 50x126
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stone Siding
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,412 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Radiant Heating System
  • Separate Meters
  • 200+ Amp Service
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for air conditioning, electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $577
  • Fuel Expense $6,046
  • Insurance Expense $2,526
  • Trash Expense $4,073
  • Water Sewer Expense $5,933
  • Operating Expense $27,325
  • Gross Income $82,579
  • Net Operating Income $55,254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,085

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1966
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 9
  • Possible Use: Condominium, Multi-Family
  • Basement Description: None
  • Fire Protection: Smoke or Fire Protectors
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 8
  • Ranges: 8
  • Number of Windows: 8
  • Number of Washers: 0
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete, Block, Stone
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • List Price: 650000
  • Roof: Composition
  • Exterior Building Type: Brick,Stone
  • Misc Outside: Courtyard,Enclosed Stairs,Security Gate,Security Lighting,Storms and Screens (as exist),Other

Garage/Parking

  • Outdoor Parking: 1-5 Spaces,Assigned Spaces,Lighted,Open,Paved,Private Lot

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps, Service - 201 to 600 Amps
  • Utilities: Sanitary Sewer, Water-Municipal, Water to Site, Other
  • Heat/Ventilation: Central Bldg Heat,Central Heat/Indiv Controls,Gas,Hot Water,Radiant
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 4073
  • Water Sewer Expenses: 5933
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50X126
  • Lot Size Sq Ft: 6300
  • Zoning: COMMR
  • Land Amenities: Curbs and Gutters,Sidewalks

Rental Info

  • Tenant Pays: Air Conditioning, Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 5412

Multi Family

  • Net Operating Income: 55254
  • Fuel Expense: 6046
  • Insurance Expense: 2526
  • ElectricExpense: 577
  • GrossIncome: 82579
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 27325
  • Expense Year: 2023
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 4085
  • Tax Year: 2022

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/16/2024 04/16/24 Sold $662,500 +1.9% $122 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
03/08/2024 03/08/24 For Sale $650,000 -- $120 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11999592

Midwest Real Estate Data (MRED)

APN: 19142120350000