NOT LISTED FOR SALE

5676 Clark Coloma, MI 49038

-- Bed
-- Bath
-- Sq Ft
10,454 Sq Ft Lot

Last Sold September 07, 2012

Last sale price $73,000

773 Days on Market

Highlights

  • 1 Fireplace
  • High Speed Internet
  • Level Lot
  • Baseboard Heating

About This Home

As of September 2012

What a great investment opportunity!! Wonderful 4 units Apartment house with a great view of Little Paw Paw Lake, close to the lake with an opportunity for Great Lake Fun!! Seller needs to sell and has had a lot of new updating done!! New Paint, New flooring, new fixtures!! . All of the apts. have been totally remodelled & Updated. New sewer lines; new walls, etc. Must see to appreciate. A great Investment, and a great way to have income in this economy. Don't hesitate!!3 apts. are rented out for $300.00 Mo. except unit #2 rents out for $425.00 per month, plus utilities. All of the apartments are rented..Seller pays for sewer, water & trash.Great Income property generating $1625. Mo.Income!! Priced below SEV. Don't miss this golden opportunity!!Renters are good,and pay their rent.All ne w windows,which photos,will reflect when realtor can take new picrures(just had knee replacement surgery).

Last Agent to Sell the Property

Pat Snow

Tala Real Estate License #6501199816 Listed on: 07/21/2010

Last Buyer's Agent

Mikki Swisher

American Homes Real Estate License #6502372652

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 103.4 x 100
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1 Fireplace
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Water Meter
  • Shared Water Meter
  • High Speed Internet
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $800
  • Maintenance Expense $500
  • Utility Expense $1,200
  • Operating Expense $2,500
  • Gross Income $19,500
  • Net Operating Income $17,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 103.4 x 100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1950.0
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Crawl Space: Yes
  • Heat Type:Baseboard: Yes
  • Extras:Sep Water Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Brick
  • List Price: 85900.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Baseboard, Electric, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Storm Sewer Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Natural Gas Connected, Electric Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Dimensions: 103.4 x 100
  • Lot Size Sq Ft: 10454.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Income: 19500.0
  • Insurance Expense: 800.0
  • Maintenance Expense: 500.0
  • Net Operating Income: 17000.0
  • Number of Units Total: 4
  • Operating Expense: 2500.0

Tax Info

  • Tax Annual Amount: 1950.0
  • Tax Year: 2011
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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 List to Sale Price per Sq Ft
09/07/2012 09/07/12 Sold $73,000 -18.8% --
09/01/2012 09/01/12 Pending -- -- --
07/21/2010 07/21/10 For Sale $89,900 -- --
Source: MichRIC

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
2025 $2,381 $59,900 $0 $0
2024 $541 $59,600 $0 $0
2023 $515 $49,100 $0 $0
2022 $490 $45,100 $0 $0
2021 $2,120 $43,000 $8,400 $34,600
2020 $2,135 $42,800 $0 $0
2019 $2,128 $42,500 $8,400 $34,100
2018 $1,957 $42,500 $0 $0
2017 $1,948 $42,500 $0 $0
2016 $1,922 $40,400 $0 $0
2015 $1,922 $40,400 $0 $0
2014 $440 $40,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 10033267

MichRIC

APN: 11-08-4840-0003-00-3

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