NOT LISTED FOR SALE

6496 Marlette St Marlette, MI 48453

Estimated Value: $474,871

7 Beds
9 Baths
6,612 Sq Ft
$72/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $432,000 $65 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,221/month

44 Days on Market

Highlights

  • Porch
  • Accessible Approach with Ramp
  • Laundry Facilities
  • Patio
  • Forced Air Heating and Cooling System
  • Historic Home

About This Home

As of June 2023

This is not a cookie cutter apt building! Very unique property, well maintained with great long-term tenants! One block from Main St gives this historical property great access to anywhere downtown. Property features include:
*5-1 bdrm 1 bth units that range in size from 620-780 sq ft.
*2-1 bdrm 1.5 bth units size range is 920-1060 sq ft
*Each unit has its own utilities, hot water heater and furnace.
*Occupancy rate 100%
*Close to shopping, medical needs, schools and more
*Patio/terrace secluded area for tenants to enjoy weather permitting.
*Central Air to all apartments.
*Large flow thru closets/walk in closets.
*Open air concept with retro style accents.
*Upstairs some antique tin ceilings, with industrial look accents.
Each apt has its own unique floor plan. Efforts were made to maintain the history of the building during the remodel in 1990. All main floor apts have their own outside entrance as well as inside from the entrance area. This well-maintained property is a successful turnkey business opportunity waiting for a new owner to take a look at it!

Last Agent to Sell the Property

Connie Murray

Hart Realty License #3601367077 Listed on: 04/01/2023

Last Buyer's Agent

Connie Murray

Hart Realty License #3601367077 Listed on: 04/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900 | Remodeled in 1991

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 57 x 132 x 57 x 132
  • Historic Home

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 6,612 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Crawl Space

Accessible Home Design

  • Accessible Approach with Ramp

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 33010002000500

Community Details

Overview

  • 7 Units
  • Original Plat Of Marlette Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,361

Year Built

Built in 1900 | Remodeled in 1991

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Historic
  • Architecture Level: 2 Story
  • Year Built: 1900
  • State Equalized Value: 172200.0000
  • Year Renovated: 1991
  • Accessibility Features: Accessible Approach with Ramp
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Laundry Facility
  • Total Bathrooms: 7.20
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 6612
  • Total Sq Ft: 6612
  • Sq Ft Total Bsmt: 800

Exterior Features

  • Foundation Details: Crawl, Basement, Michigan Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 57
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric, Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Schools

  • School District: Marlette

Lot Info

  • Lot Size Area: 0.17
  • Lot Dimensions: 57 x 132 x 57 x 132
  • Parcel Number: 33010002000500
  • Zoning: Commercial

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection (Garbage Pickup), Water
  • Monthly Rental Income: 4075

Tax Info

  • Tax Amount Summer: 2179.4200
  • Tax Amount Winter: 2182.4100
  • Total Tax: 4361.0000
  • Taxable Value: 83126.0000

Multi Family

  • Gross Scheduled Income: 48900.00
  • Number Of Units Total: 7
  • Number of One Bedroom Units: 7
  • Number Of Units Leased: 7

MLS Schools

  • School District: Marlette

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
Jun 23, 2023
Sold by
Kg Property Llc
Bought by
Strnad Marlette 1 Llc
Seller's Agent
Connie Murray
Hart Realty
Buyer's Agent
Connie Murray
Hart Realty
List Price
$569,900
Sold Price
$432,000
Premium/Discount to List
-$137,900
-24.2%
Views
117
Current Estimated Value
$474,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,871
Avg. Annual Appreciation
3.82%
Original Mortgage
$330,750
Outstanding Balance
$323,509
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$145,487

Purchase Details

Closed on
Feb 24, 2006
Bought by
Kg Property Llc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Strnad Marlette 1 Llc $432,000 None Listed On Document
Shiba Estates $432,000 --
Kg Property Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shiba Estates $330,750
Closed Shiba Estates $330,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $432,000 -24.2% $65 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
04/01/2023 04/01/23 For Sale $569,900 -- $86 / 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
2025 $7,669 $158,000 $0 $0
2024 $3,771 $142,400 $0 $0
2023 $2,311 $147,400 $0 $0
2022 $4,405 $172,200 $0 $0
2021 $4,271 $120,000 $0 $0
2020 $4,220 $131,200 $0 $0
2019 $4,141 $104,000 $0 $0
2018 $4,067 $102,600 $0 $0
2017 $3,949 $96,500 $0 $0
2016 $1,960 $111,000 $0 $0
2015 -- $115,300 $0 $0
2014 -- $121,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20230014926

Realcomp

APN: 330-100-020-005-00