NOT LISTED FOR SALE

6990 E Beal City Rd Mount Pleasant, MI 48858

Estimated Value: $149,500 - $233,000

-- Bed
-- Bath
1,950 Sq Ft
$102/Sq Ft Est. Value

Last Sold November 16, 2017

Last sale price $66,000 $34 Per Sq Ft

Est. 201% increase in value since last sale

Current estimated payment $1,263/month

72 Days on Market

Highlights

  • Countryside Views
  • High Speed Internet
  • Satellite Dish

About This Home

As of November 2017

Great opportunity to get a fast return on your investment in this country setting multi-family property. All four apartments have had consistent tenants for the last 4 years. Each apartment is one bedroom, one bath, with a refrigerator, an oven/range, and window AC available for each apartment. New sump pumps have recently been installed in the basement. The roof is about 5 years old. One apartment has a recently signed one year lease and the other three apartments are on a month to month lease. The building sits on a spacious 1.17 acre lot with room to expand. Don't wait long because this is an opportunity that won't last!

Last Agent to Sell the Property

Steven Hoyle

WEICHERT, REALTORS BROADWAY REALTY License #6501384308 Listed on: 08/29/2017

WEICHERT, REALTORS BROADWAY REALTY

Last Buyer's Agent

Kevin Keating

COLDWELL BANKER MT. PLEASANT REALTY License #6506045587

COLDWELL BANKER MT. PLEASANT REALTY

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,449

Year Built

  • Built in 1920

Lot Details

  • 1.17 Acre Lot
  • Lot Dimensions are 228 x 220
  • The community has rules related to zoning restrictions

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,950 Sq Ft Home
  • Countryside Views
  • Oven or Range

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Propane
  • Well
  • Shared Septic
  • High Speed Internet
  • Satellite Dish

Community Details

  • 4 Units
  • Net Operating Income $11,965

Listing and Financial Details

  • Rent includes heating/cooling

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,449

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Apartment Complex
  • Style: Apartment
  • Estimated Year Built: 1920
  • Construction: Frame
  • Section Number: 30
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Window A/C Unit (s)
  • Price Per Sq Ft: 33.85
  • Range: R 3W
  • Total Finished Sf Apx: 1950

Exterior Features

  • Exterior Features: Countryside View, Gutters
  • Exterior Finish: Vinyl Siding
  • Foundation: Block
  • Number Of Acres: 1.17
  • Road: Blacktop
  • Roof: Asphalt

Utilities

  • Sewer: Shared Septic
  • Tv Service Internet Avail: Dish Tv, Dsl
  • Water: Private Well
  • Heating Cooling Type: Wall

Schools

  • School District: Mount Pleasant City School District

Lot Info

  • Lot Dimensions: 228 x 220
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Rental Info

  • Included In Lease: Heating/Cooling

Tax Info

  • Summer Taxes: 388
  • Total Taxes: 1449
  • Winter Taxes: 1061
  • Year Summer: 2016
  • Year Winter: 2016

Multi Family

  • Total Number Units: 4

MLS Schools

  • School District: Mount Pleasant City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2017
Closed on
Nov 16, 2017
Sold by
Klosowski Martin J and Klosowski Matthew C
Bought by
B & Z Investment Corp
Seller's Agent
Steven Hoyle
WEICHERT, REALTORS BROADWAY REALTY
Buyer's Agent
Kevin Keating
COLDWELL BANKER MT. PLEASANT REALTY
List Price
$65,000
Sold Price
$66,000
Premium/Discount to List
$1,000
1.54%
Current Estimated Value
$198,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,833
Avg. Annual Appreciation
14.94%

Purchase Details

Closed on
Aug 30, 2010
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
B & Z Investment Corp $66,000 --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2017 11/16/17 Sold $66,000 +1.5% $34 / Sq Ft
08/29/2017 08/29/17 For Sale $65,000 -- $33 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $2,481 $67,500 $0 $0
2023 $2,481 $64,900 $0 $0
2022 $2,481 $57,200 $0 $0
2021 $2,481 $52,800 $0 $0
2020 $2,370 $50,500 $0 $0
2019 $1,596 $50,400 $0 $0
2017 $1,922 $40,800 $0 $0
2016 $1,449 $40,700 $0 $0
2015 $1,560,442 $38,800 $0 $0
2014 -- $35,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1837762

Northern Great Lakes REALTORS® MLS

APN: 06-030-20-001-00