$150,000
SOLD AUG 21, 2025
-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Recently Sold

9% Below List Price

123 Days on Market

Highlights

  • 1 Fireplace
  • 6 Car Garage
  • Level Lot
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of August 2025

This 4 unit apartment building has been fully remodeled with new, long lasting laminate and vinyl plank flooring, water heater, and appliances. This investment is professionally managed and city certified, and priced at an above average 10% CAP rate. A four-plex provides a more stable income since 3 units pay the mortgage.
- All 4 Apartments Remodeled
- New exterior paint on building decks, and stairs.
- New Laminate and Vinyl plank flooring
- New Water heater
- Parking for 6
- Professionally managed and maintained
- City certified until March 2026
- Excellent location
- Long-term tenants, pre-screened by property management

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 03/31/2025

Last Buyer's Agent

Katherine Stewart

ERA REARDON REALTY, L.L.C. License #6501444690

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,451

Year Built

  • Built in 1920

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 72x228
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 6 Car Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Community Details

Overview

  • 4 Units
  • C E Webb's N Add Subdivision

Building Details

  • Operating Expense $11,929
  • Gross Income $29,400
  • Net Operating Income $17,471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,451

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 72.82
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 72x228
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R3
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Location Property Info:Subdivision2: C E Webb's N Add
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 164000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, Paved
  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes
  • Unit 3:Garage6: Yes

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: None
  • Utilities: Phone Available, Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Dimensions: 72x228
  • Lot Size Sq Ft: 12197.0
  • Zoning Description: R3

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Gross Income: 29400.0
  • Net Operating Income: 17471.0
  • Number of Units Total: 4
  • Operating Expense: 11929.0

Tax Info

  • Tax Annual Amount: 2451.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2020
Closed on
Dec 7, 2020
Sold by
Beattie Lawrence and Beattie Virginia
Bought by
Gaskill Gregory and Gaskill Linda
Seller's Agent
Kent Zuver
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Sold Price
$70,000
Current Estimated Value
$153,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,688
Avg. Annual Appreciation
16.96%

Purchase Details

Listed on
Feb 12, 2014
Closed on
Apr 3, 2014
Sold by
Roth Dallas and Roth Janie
Bought by
Beattle Lawrence and Beattle Virginia
Seller's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Buyer's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Sold Price
$27,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed $27,500 Midstate Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/21/2025 08/21/25 Sold $150,000 -8.5% --
03/31/2025 03/31/25 For Sale $164,000 +134.3% --
12/07/2020 12/07/20 Sold $70,000 +154.5% -- View Prior Sale
10/15/2020 10/15/20 Pending -- -- --
04/04/2014 04/04/14 Sold $27,500 -- -- View Prior Sale
Source: MichRIC

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
2025 $2,548 $66,700 $0 $0
2024 $2,204 $59,000 $0 $0
2023 $2,115 $45,600 $0 $0
2022 $2,329 $36,100 $0 $0
2021 $2,304 $32,600 $0 $0
2020 $1,332 $29,650 $0 $0
2019 $1,295 $21,100 $0 $0
2018 $1,232 $24,450 $0 $0
2017 $1,123 $23,350 $0 $0
2016 $955 $20,500 $20,500 $0
2015 $1,486 $18,900 $18,900 $0
2014 $1,486 $23,950 $23,950 $0
2013 -- $23,950 $23,950 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 25012505

MichRIC

APN: 2-113800000