NOT LISTED FOR SALE

Estimated Value: $159,000 - $199,000

8 Beds
4 Baths
4,000 Sq Ft
$44/Sq Ft Est. Value

Last Sold April 19, 2019

Last sale price $118,000 $30 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,292/month

63 Days on Market

About This Home

As of April 2019

Updated 4 unit apartment building with all seperate utilities! All units have been updated with fresh paint, newer floor coverings, kitchen and bathroom remodels! There are LARGE 1000 sq ft apartments with two bedrooms, living room, dining room, kitchen and screened in porches!! ALL FOUR units are currently rented! This is the perfect investment!! Absolutely perfect for young professionals, MSU medical students, UM-flint or Mott community college students! This apartment keeps occupied and isnt hard to find renters for! The seller is going to give a $2500 credit to cover utilities until the current leases expire, then the new buyer can adjust the leases at their will. Call today for a private showing!

Last Listed By

Scot Brothers

Scot Brothers Real Estate License #6501397163 Listed on: 01/18/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50.00x116.00

Home Design

  • Quadruplex
  • Block Foundation
  • Stucco

Interior Spaces

  • 4 Full Bathrooms
  • 4,000 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Village Of Flint River Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4118202017

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 730.46
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 4000
  • Total Sq Ft: 4000
  • Sq Ft Total Bsmt: 2000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Stucco
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Community
  • Laundry Facilities: No

Schools

  • School District: Flint

Lot Info

  • List Price per Acre: 980769.2308
  • Lot Size Area: 0.13
  • Lot Dimensions: 50.00X116.00
  • Parcel Number: 4118202017
  • Zoning: Residential

Rental Info

  • Monthly Rental Income: 2225

Tax Info

  • Tax Amount Summer: 2925.0000
  • Tax Amount Winter: 86.0000
  • Total Tax: 3011.0000

Multi Family

  • Gross Scheduled Income: 26700.00
  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Flint

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2019
Closed on
Apr 19, 2019
Sold by
Duesing Douglas A
Bought by
Kj Whitley Real Estate Llc
Seller's Agent
Scot Brothers
Scot Brothers Real Estate
Buyer's Agent
Nykole Pfaff
The Brokerage Real Estate Enthusiasts
List Price
$130,000
Sold Price
$118,000
Premium/Discount to List
-$12,000
-9.23%
Total Days on Market
63
Current Estimated Value
$177,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,000
Avg. Annual Appreciation
6.92%
Original Mortgage
$94,400
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 15, 2017
Closed on
May 2, 2017
Sold by
Backer Abdu Hamzeh and Backer Abdu
Bought by
Duesing Douglas A
Seller's Agent
Jerry Rule
Berkshire Hathaway HS MI R E Fenton
Buyer's Agent
Jerry Rule
Berkshire Hathaway HS MI R E Fenton
List Price
$104,900
Sold Price
$96,500
Premium/Discount to List
-$8,400
-8.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%
Original Mortgage
$67,500
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2008
Sold by
Allen Kenneth Lee and Allen Linda K
Bought by
Federal Home Loan Mortgage Corp

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Kj Whitley Real Estate Llc $118,000 Transnation Title Agency
Duesing Douglas A $96,500 West Michigan Realtors Title
Federal Home Loan Mortgage Corp $30,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kj Whitley Real Estate Llc $570,000
Closed Kj Whitley Real Estate Llc $94,400
Previous Owner Duesing Douglas A $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2019 04/19/19 Sold $118,000 -7.5% $30 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
02/22/2019 02/22/19 Price Changed $127,500 -1.9% $32 / Sq Ft
01/18/2019 01/18/19 For Sale $130,000 +34.7% $33 / Sq Ft
05/03/2017 05/03/17 Sold $96,500 -8.0% $24 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
02/15/2017 02/15/17 For Sale $104,900 -- $26 / Sq Ft
Source: Realcomp

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
2024 $4,236 $65,400 $0 $0
2023 $4,101 $56,800 $0 $0
2022 $0 $47,200 $0 $0
2021 $4,864 $57,500 $0 $0
2020 $4,427 $55,800 $0 $0
2019 $2,524 $38,200 $0 $0
2018 $3,131 $34,400 $0 $0
2017 $1,768 $0 $0 $0
2016 $1,758 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $22,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 219006470

Realcomp

APN: 41-18-202-017