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
  • 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

0

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

Range of Values:

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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
09/07/2012 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: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    Pat Snow

    Tala Real Estate

    (269) 325-5586

    9 in this area

    56 Total Sales

    Section Image

  • M

    Buyer's Agent in 2012

    Mikki Swisher

    American Homes Real Estate

    (269) 208-0133

    41 in this area

    136 Total Sales

    Section Image

  • M

    Buyer's Agent in 2012

    Michelle Swisher

    American Homes Real Estate

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 10033267

Southwestern Michigan Association of REALTORS®

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

Michigan Berrien County Coloma 49038

5676 Clark, Coloma, MI

This home is located at 5676 Clark, Coloma, MI 49038 since 21 July 2010. This property was built in 1950. 5676 Clark is a home located in Berrien County with nearby schools including Coloma Elementary School, Coloma Intermediate School, and Coloma Junior 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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