NOT LISTED FOR SALE

710 E Main St Hart, MI 49420

Estimated Value: $3,165,335

Studio
-- Bath
-- Sq Ft
6.5 Acres

Last Sold December 11, 2018

Last sale price $2,000,000

Est. 58% increase in value since last sale

Current estimated payment $19,357/month

73 Days on Market

Highlights

  • Clubhouse
  • Accessible Bedroom
  • Low Threshold Shower
  • Main Floor Bedroom
  • Halls are 36 inches wide or more
  • Forced Air Heating and Cooling System

About This Home

As of December 2018

Excellent investment opportunity.
48 unit rental complex walking distance to: downtown Hart, Hart Lake, council on aging, public park. This is a rent subsidized complex with income limitations and a HUD contract.
Excellent rental history.
All of the buildings were built around 1980 except 2 of buildings which are under construction and will be completed in 2018.

Last Agent to Sell the Property

Larry Byl

Wickstra Realty, Inc. License #6502122644 Listed on: 06/20/2018

Co-Listed By

Tim Horton

Wickstra Realty, Inc. License #6501258127

Last Buyer's Agent

Kathy Dennison

Lighthouse Property Management License #6502319881

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $35,934

Year Built

  • Built in 1980

Lot Details

  • 6.5 Acre Lot
  • Level Lot

Parking

  • 60 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding
  • Stucco

Bedrooms and Bathrooms

  • Main Floor Bedroom

Accessible Home Design

  • Low Threshold Shower
  • Roll Under Sink
  • Grab Bar In Bathroom
  • Accessible Bedroom
  • Accessible Kitchen
  • Halls are 36 inches wide or more
  • Doors are 36 inches wide or more

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Community Details

Overview

  • 7 Buildings
  • 42 Units

Amenities

  • Clubhouse
  • Meeting Room
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$35,934

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1980
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: irregular
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 35934.3
  • General Property Info:Total _pound_ Units: 42
  • General Property Info:Total _pound_ Bldgs: 7.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Accessibility Feat:_three_6_squote_ or Hallway: Yes
  • Accessibility Feat:Low Threshold Shower: Yes
  • Substructure:Slab: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Accessibility Feat:Accessible Kitchen Sink: Yes
  • Accessibility Feat:_three_6 Inch Entrance Doo: Yes
  • Accessibility Feat:Accessible Mn Flr Be: Yes
  • Extras:Club House2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Accessible Kitchen, 36 Inch Entrance Doo, 36' or + Hallway, Accessible Bath Sink, Accessible Mn Flr Be, Grab Bar Mn Flr Bath, Low Threshold Shower
  • Basement: Slab
  • Accessibility Feat:Grab Bar Mn Flr Bath: Yes

Exterior Features

  • Construction Materials: Stucco
  • List Price: 2200000.0
  • Number of Buildings: 7
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: Yes
  • Driveway Paved: Yes
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Total Parking Spaces: 60.0
  • General Property Info:Total Parking Spaces: 60.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Association/Amenities

  • Assoc Amenities:Club House: Yes
  • Assoc Amenities:Meeting Room: Yes

Lot Info

  • Lot Size Acres: 6.5
  • Lot Size Area: 6.5
  • Lot Size Sq Ft: 283140.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 42

Tax Info

  • Tax Annual Amount: 35934.3
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2018
Closed on
Dec 11, 2018
Sold by
Hart Housing Llc
Bought by
Sigma Properties Llc
Seller's Agent
Larry Byl
Wickstra Realty, Inc.
Buyer's Agent
Kathy Dennison
Lighthouse Property Management
List Price
$2,200,000
Sold Price
$2,000,000
Premium/Discount to List
-$200,000
-9.09%
Current Estimated Value
$3,165,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,165,335
Avg. Annual Appreciation
6.71%

Purchase Details

Closed on
Feb 1, 2007
Sold by
Hart Housing Co
Bought by
Hart Housing Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Sigma Properties Llc -- Chicago Title Of Michigan In
Hart Housing Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Sigma Properties Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2018 12/11/18 Sold $2,000,000 -9.1% --
09/01/2018 09/01/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $2,200,000 -- --
Source: MichRIC

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 $33,869 $717,100 $109,500 $607,600
2024 $15,283 $653,700 $77,900 $575,800
2023 $30,635 $647,700 $86,800 $560,900
2022 $30,635 $517,100 $0 $0
2021 $31,253 $527,800 $60,100 $467,700
2020 $30,849 $518,700 $60,100 $458,600
2019 $30,286 $452,500 $452,500 $0
2018 $22,270 $540,100 $0 $0
2017 $22,270 $369,900 $0 $0
2016 -- $597,100 $0 $0
2013 -- $610,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Larry Byl

    Seller's Agent in 2018

    Larry Byl

    Wickstra Realty, Inc.

    (231) 578-4671

    80 Total Sales

    Larry Byl
    Section Image
  • Tim Horton

    Seller Co-Listing Agent in 2018

    Tim Horton

    Wickstra Realty, Inc.

    (231) 861-4445

    139 Total Sales

    Tim Horton
    Section Image
  • Kathy Dennison

    Buyer's Agent in 2018

    Kathy Dennison

    Lighthouse Property Management

    (616) 257-9577

    28 Total Sales

    Kathy Dennison
    Section Image
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Map

Source: MichRIC

MLS Number: 18028446

MichRIC

APN: 020-242-002-00

Michigan Oceana County Hart 49420

710 E Main St, Hart, MI

Not Listed for Sale

MultiFamily

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