NOT LISTED FOR SALE
23 Beds
9 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold July 31, 2018

Last sale price $330,000

10 Days on Market

About This Home

As of July 2018

Neat 8 Unit Corner Building with all of the updates you need for a profitable real estate investment. New Roof, tuck-pointing, rear porches, windows, skylights, and separate heating and hot water tanks for all 8 units. Just blocks away from the new Kennedy King College Campus, Starbucks, Whole Foods, shopping and restaurants. Easy walk to the Green-line too. What an easy way to add $90,000 to your annual income! 14% Cap Rate and 5% Rent Multiplier. Can we say cash cow? This is the building you have been looking for!

Last Agent to Sell the Property

Don Robinson

Coldwell Banker Realty License #475160883 Listed on: 06/20/2018

Coldwell Banker Realty

Last Buyer's Agent

Moses Hall

MoHall Commercial & Urban Development License #471019687

Property Details

Home Type

  • Multi-Family

Year Built

  • 1919

Lot Details

  • 7,841

Home Design

  • Brick Exterior Construction
  • Brick Foundation

Community Details

  • Insurance Expense $4,420

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1919

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Utilities To Site: Sanitary Sewer to Site, Water-Municipal, Water to Site
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2017
  • Net Oper Income: 69559
  • Repairs Decor Expense: 1200
  • Roof Coverings: Rubber
  • Roof Structure: Flat
  • Scavenger Expense: 2023
  • Total Annual Exp: 18041
  • Total Annual Income: 90000
  • Total Monthly Income: 7300
  • Number of Ranges: 8
  • Number Of Refrigs: 8
  • Number Of Stories: 2
  • Estimated Year Built: 1919
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1919

Exterior Features

  • Foundation: Brick
  • Exterior Building Type: Brick
  • Acreage: 0.18
  • Construction: Brick

Utilities

  • Heatventilation: Forced Air, Gas, Separate Per Unit, Zoned
  • Water Expense: 3686

Condo/Co-op/Association

  • Units in Building: 8

Fee Information

  • Electricity Expense: 432
  • Electrical Service: Circuit Breakers, Separate Meters
  • Janitor Expense: 2160

Lot Info

  • Lot Dimensions: 56X124
  • Lot Sq Ft: 6944
  • Parcel Identification Number: 20204050210000

Rental Info

  • Gross Rental Income: 87600
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2017
  • Insurance Expense: 4420
  • Other Expenses: 1130

Tax Info

  • Taxes: 5150
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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
07/31/2018 07/31/18 Sold $330,000 -5.4% --
06/30/2018 06/30/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $348,800 -- --
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 $11,013 $63,200 $5,715 $57,485
2024 $11,013 $63,200 $5,715 $57,485
2023 $10,736 $52,198 $4,465 $47,733
2022 $10,736 $52,198 $4,465 $47,733
2021 $10,496 $52,197 $4,465 $47,732
2020 $9,656 $43,347 $4,465 $38,882
2019 $8,709 $43,347 $4,465 $38,882
2018 $4,722 $23,906 $4,465 $19,441
2017 $4,635 $21,531 $4,107 $17,424
2016 $5,150 $25,713 $4,107 $21,606
2015 $4,712 $25,713 $4,107 $21,606
2014 $4,791 $25,820 $4,107 $21,713
2013 $4,124 $22,677 $4,107 $18,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09992513

Midwest Real Estate Data (MRED)

APN: 20204050210000