NOT LISTED FOR SALE
7 Beds
5 Baths
3,219 Sq Ft
1956 Built

Last Sold July 13, 2022

Last sale price $595,900 $185 Per Sq Ft

2 Days on Market

Highlights

  • 2 Car Detached Garage
  • Brick or Stone Mason
  • Paved or Partially Paved Lot
  • Enclosed Patio or Porch
  • Heating System Uses Steam

About This Home

As of July 2022

Gorgeous, renovated , legal 3-flat is turn-key ready for a new owner. All 3 units were fully renovated in 2020 with condo quality finishes. Upper 2 floors have 3 bedrooms, 1 full bath, plus an en-suite half bath off the largest bedroom. Garden unit is a spacious 1 bedroom with plenty of storage. Renovation highlights include all new kitchens & bath which are a noticeable step up from its competition and include SS appliances, new windows & lintels, new boilers, new hot water heater, and new roof on garage. New electrical service and much of the plumbing were updated during the 2020 renovations. 1st showing will be of garden unit only. Tours of occupied units can be scheduled with a qualified offer. Units were rented at the beginning of Covid. Leases were increased with renewals. Rents are fair, but still have room to increase with new tenants. 1st & 2nd floor units are currently rented and garden unit is being kept vacant for showings. 2 car detached garage is rented to the 1st floor unit. Please see our virtual tour showing the building before tenants (2020). Video shows the both occupied units.

Last Agent to Sell the Property

David Lemley

Diamond Real Estate Inc License #475169853 Listed on: 06/06/2022

Last Buyer's Agent

Holly Pickens

Baird & Warner License #475123695

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,938

Year Built

  • Built in 1956 | Remodeled in 2020

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Brick or Stone Mason
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 5 Bathrooms

Finished Basement

  • English Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Enclosed Patio or Porch

Lot Details

  • Lot Dimensions are 33 x 125
  • Paved or Partially Paved Lot

Utilities

  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 3 Units
  • Union Ridge Subdivision

Building Details

  • Electric Expense $472
  • Fuel Expense $1,570
  • Water Sewer Expense $4,350
  • Gross Income $56,400
  • Net Operating Income $50,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,938

Year Built

Built in 1956 | Remodeled in 2020

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Union Ridge
  • Year Built: 1956
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Full, English
  • Total Bathrooms: 5
  • Total Bedrooms: 7
  • Room Type: Enclosed Porch
  • Basement Description: Finished,Exterior Access
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Microwave,Window Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick,Stone

Garage/Parking

  • Garage Spaces: 2
  • Number of Cars: 2
  • Garage Details: Garage Door Opener(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer, Sewer-Storm
  • Heating: Natural Gas, Steam, Radiator(s)
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 4350

Lot Info

  • Lot Dimensions: 33 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 17
  • Is Parking Included in Price: Yes

Multi Family

  • Net Operating Income: 50800
  • Fuel Expense: 1570
  • ElectricExpense: 472
  • GrossIncome: 56400
  • Units in Building: 3
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 7937.91
  • Tax Year: 2020
  • Tax Exemptions: None
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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 List to Sale Price per Sq Ft
07/13/2022 07/13/22 Sold $595,900 0.0% $185 / Sq Ft
06/09/2022 06/09/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $595,900 -- $185 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $9,263 $56,001 $10,313 $45,688
2024 $9,263 $56,001 $10,313 $45,688
2023 $9,030 $43,904 $8,250 $35,654
2022 $9,030 $43,904 $8,250 $35,654
2021 $8,829 $43,903 $8,250 $35,653
2020 $7,938 $35,633 $5,156 $30,477
2019 $7,447 $40,493 $5,156 $35,337
2018 $7,320 $40,493 $5,156 $35,337
2017 $8,434 $42,555 $4,537 $38,018
2016 $8,023 $42,555 $4,537 $38,018
2015 $7,728 $44,795 $4,537 $40,258
2014 $7,844 $44,844 $4,125 $40,719
2013 $7,678 $44,844 $4,125 $40,719
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11426590

Midwest Real Estate Data (MRED)

APN: 13072310370000

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