NOT LISTED FOR SALE

731 10th St Plainwell, MI 49080

3 Beds
3 Baths
7,440 Sq Ft
2.06 Acres

Last Sold September 13, 2017

Last sale price $670,000 $90 Per Sq Ft

11 Days on Market

Highlights

  • 2.06 Acre Lot
  • Forced Air Heating and Cooling System
  • Level Lot
  • Cul-De-Sac
  • 1 Car Garage

About This Home

As of September 2017

MULTI-FAMILY INVESTMENT OPPORTUNITY This investment portfolio includes two 2-story, townhome-style multi-family properties in Plainwell, Michigan. Located 2 miles north of town, 731 10th Street was built in 2004 and features a 7,440 SF, 6-unit apartment building with 3 bedrooms/2 baths and single stall garages/unit. Located 0.5 mile north of town, 539 Thomas Street was built in 2001 and features a 4,960 SF, 4-unit apartment building with 3 bedrooms/1.5 baths with single stall garages/unit. This is an excellent 100% occupied investment opportunity with great rental history!

Last Agent to Sell the Property

Jodi Milks

NAI Wisinski of West Michigan License #6502339107 Listed on: 06/26/2017

NAI Wisinski of West Michigan

Last Buyer's Agent

Kathy Dennison

Lighthouse Property Management License #6502319881

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,001

Year Built

  • Built in 2004

Lot Details

  • 2.06 Acre Lot
  • Cul-De-Sac
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Utilities

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

Community Details

  • 5 Buildings
  • 10 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,001

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 2004
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 46.82
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 1
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 15000.81
  • Tax Info:Zoning3: R-2 & R1C
  • General Property Info:Total _pound_ Units: 10
  • General Property Info:Total _pound_ Bldgs: 5.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Cul-De-Sac: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Slab: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 675000.0
  • Lot Features: Cul-De-Sac
  • Number of Buildings: 5
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes
  • Unit 3:Garage6: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 2.06
  • Lot Size Area: 2.06
  • Lot Size Sq Ft: 89907.0
  • Zoning Description: R-2 & R1C
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 10

Tax Info

  • Tax Annual Amount: 15000.81
  • Tax Year: 2016

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2017 09/13/17 Sold $670,000 -0.7% $90 / Sq Ft
07/07/2017 07/07/17 Pending -- -- --
06/26/2017 06/26/17 For Sale $675,000 -- $91 / Sq Ft
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 $13,609 $247,700 $22,100 $225,600
2024 $12,545 $249,400 $17,100 $232,300
2023 $12,678 $243,200 $41,200 $202,000
2022 $12,545 $229,000 $33,900 $195,100
2020 $12,666 $240,200 $66,100 $174,100
2019 $11,373 $235,500 $66,100 $169,400
2018 $0 $225,400 $66,100 $159,300
2017 $0 $223,900 $66,100 $157,800
2016 $0 $210,200 $50,000 $160,200
2015 -- $210,200 $50,000 $160,200
2014 -- $221,300 $50,000 $171,300
2013 -- $216,500 $50,000 $166,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 17031052

MichRIC

APN: 08-017-017-00