$680,000
$210K PRICE DROP

Estimated payment $3,938/month

Total Views 9,156
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

Stop by this well maintained 10 unit in the Chatham community.Current cap rate is 10.21% with the opportunity to raise rent and increase your profit. Location is central to local retail stores and transportation. This property boast individual heating, spacious units, and is ready for an owner occupant or investor. Property is being sold As-Is.

Listing Agent

Kaela Clay

Hunter's Realty, Inc. License #475190154 Listed on: 05/24/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,796

Year Built

  • Built in 1925

Home Design

  • Garden Apartment

Interior Spaces

  • 3-Story Property

Utilities

  • No Cooling
  • Heating System Uses Gas

Community Details

Overview

  • 10 Units

Building Details

  • Electric Expense $744
  • Fuel Expense $2,496
  • Trash Expense $3,744
  • Water Sewer Expense $4,680
  • Operating Expense $11,664
  • Gross Income $102,600
  • Net Operating Income $90,936

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,796

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Garden Complex
  • Stories: 3
  • Year Built: 1925
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Room: 0

Utilities

  • Cooling: None
  • Heat/Ventilation: Gas

Fee Information

  • Trash Expense: 3744
  • Water Sewer Expenses: 4680

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 56419SQ FT

Rental Info

  • Board Number: 10

Multi Family

  • Net Operating Income: 90936
  • Fuel Expense: 2496
  • ElectricExpense: 744
  • GrossIncome: 102600
  • NumberOfUnitsTotal: 10
  • OperatingExpense: 11664
  • Type Multi-Family: Garden Complex

Tax Info

  • Tax Annual Amount: 4796
  • Tax Year: 2022

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $9,149 $62,701 $8,710 $53,991
2024 $9,149 $62,701 $8,710 $53,991
2023 $8,919 $43,362 $5,057 $38,305
2022 $8,919 $43,362 $5,057 $38,305
2021 $8,719 $43,361 $5,057 $38,304
2020 $11,289 $50,674 $5,057 $45,617
2019 $10,181 $50,674 $5,057 $45,617
2018 $10,010 $50,674 $5,057 $45,617
2017 $10,494 $48,750 $4,214 $44,536
2016 $9,764 $48,750 $4,214 $44,536
2015 $8,933 $48,750 $4,214 $44,536
2014 $9,045 $48,750 $4,214 $44,536
2013 $8,866 $48,750 $4,214 $44,536
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2025 07/31/25 Price Changed $680,000 -9.3% --
05/06/2025 05/06/25 For Sale $750,000 0.0% --
02/25/2025 02/25/25 Off Market $750,000 -- --
01/02/2025 01/02/25 For Sale $750,000 0.0% --
12/31/2024 12/31/24 Off Market $750,000 -- --
11/12/2024 11/12/24 Price Changed $750,000 +10.3% --
10/21/2024 10/21/24 Price Changed $680,000 -12.8% --
07/10/2024 07/10/24 Price Changed $780,000 -12.4% --
05/24/2024 05/24/24 For Sale $890,000 +36.9% --
02/28/2020 02/28/20 Sold $650,000 0.0% -- View Prior Sale
02/25/2020 02/25/20 Off Market $650,000 -- --
01/14/2020 01/14/20 Pending -- -- --
10/21/2019 10/21/19 For Sale $650,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12064673

Midwest Real Estate Data (MRED)

APN: 20342230170000