NOT LISTED FOR SALE
6 Beds
2 Baths
1,760 Sq Ft
5,998 Sq Ft Lot

Last Sold January 05, 2018

Last sale price $970,000 $551 Per Sq Ft

12 Days on Market

Highlights

  • Washer and Dryer
  • Vinyl Flooring
  • 1-Story Property
  • Independence High School Rated A-

About This Home

As of January 2018

Unbelievable cash flowing duplex! Long term tenants. One side section 8 renters with year lease, one side month to month with long term tenant. New roof 2017. New wall heaters 2017. 2016-2017 other upgrades include new laminate floors, dual pane windows, most kitchen cabinets, bathroom updates, sinks, granite counter tops, backsplash, paint, etc. $5600 gross monthly rental income!!! Less than 5 miles from potential upcoming Google campus!

Last Agent to Sell the Property

John Belveal

Belveal Properties License #01895212 Listed on: 11/07/2017

Last Buyer's Agent

Alan Khoo

JODI Group License #01247884

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 5,998 Sq Ft Lot

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,760 Sq Ft Home
  • 1-Story Property
  • Electric Oven
  • Washer and Dryer

Flooring

  • Laminate
  • Vinyl

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $67,200
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,100
  • Maintenance Expense $2,000
  • Utility Expense $704
  • Trash Expense $797
  • Operating Expense $11,724
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

5,998 Sq Ft Lot

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1760
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Oven Range - Electric
  • Living Sq Ft: 1760
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.14
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1100
  • Expense Maintenance: 2000
  • Expenses Total: 11724
  • Expenses Utility: 704
  • Expense Trash: 797
  • Income Annual Gross: 67200.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Principle & Interest, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
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 List to Sale Price per Sq Ft
01/05/2018 01/05/18 Sold $970,000 +2.1% $551 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
11/07/2017 11/07/17 For Sale $950,000 -- $540 / Sq Ft
Source: MLSListings

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 $16,476 $1,103,690 $648,560 $455,130
2024 $16,476 $1,082,050 $635,844 $446,206
2023 $16,165 $1,060,834 $623,377 $437,457
2022 $15,847 $1,040,034 $611,154 $428,880
2021 $15,303 $1,019,642 $599,171 $420,471
2020 $14,993 $1,009,188 $593,028 $416,160
2019 $14,574 $989,400 $581,400 $408,000
2018 $8,611 $520,200 $353,736 $166,464
2017 $8,624 $510,000 $346,800 $163,200
2016 $2,423 $49,716 $17,343 $32,373
2015 $2,389 $48,970 $17,083 $31,887
2014 $1,500 $48,012 $16,749 $31,263
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81684139

MLSListings

APN: 481-30-011

Your Personal Tour Guide

Ask me questions while you tour the home.