NOT LISTED FOR SALE
8 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold July 08, 2019

Last sale price $250,000

34 Days on Market

About This Home

As of July 2019

This four unit building could be the perfect addition to your portfolio or a great way to start building one. Ideal for investors or owner-occupants. Solid brick, two story structure features spacious units and is turn-key. Three units are occupied and rents are current. Units are in good condition and feature separate living and dining areas, two bedrooms, bonus rooms, hardwood floors and many replacement windows. With very reasonable costs, this property is a revenue generator. Brand new boiler! 75 gallon hot water tank. Two sets of coin operated washers and dryers. Vacant unit, common areas, basement and mechanicals to be shown at initial showing. Occupied units will be shown subsequent to contract acceptance. Priced to sell. Schedule your appointment today.

Last Agent to Sell the Property

Jason Powell

Sound Realty, LLC License #471010072 Listed on: 03/31/2019

Last Buyer's Agent

Jason Powell

Sound Realty, LLC License #471010072 Listed on: 03/31/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,280

Year Built

  • Built in 1916

Lot Details

  • 3,485

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • 3,485 Sq Ft Lot

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $326
  • Fuel Expense $4,498
  • Insurance Expense $2,650
  • Water Sewer Expense $2,941
  • Gross Income $43,600
  • Net Operating Income $33,185

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,280

Year Built

Built in 1916

Lot Details

3,485 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1916
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None
  • AppliancesAndFeatures: None

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Radiant
  • Water Source: Lake Michigan, Public

Fee Information

  • Water Sewer Expenses: 2941
  • Trash Expense Year: 2018

Lot Info

  • Lot Size Acres: 0.08
  • Lot Dimensions: 3596
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 33185
  • Fuel Expense: 4498
  • Insurance Expense: 2650
  • ElectricExpense: 326
  • GrossIncome: 43600
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 5279.91
  • Tax Year: 2017
  • Tax Exemptions: None
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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
07/08/2019 07/08/19 Sold $250,000 +11.1% --
05/04/2019 05/04/19 Pending -- -- --
05/04/2019 05/04/19 For Sale $225,000 -10.0% --
04/24/2019 04/24/19 Off Market $250,000 -- --
04/10/2019 04/10/19 Pending -- -- --
03/31/2019 03/31/19 For Sale $225,000 -- --
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 $3,798 $32,700 $3,236 $29,464
2024 $3,798 $32,700 $3,236 $29,464
2023 $3,702 $18,000 $4,495 $13,505
2022 $3,702 $18,000 $4,495 $13,505
2021 $3,620 $18,000 $4,495 $13,505
2020 $4,628 $20,776 $4,495 $16,281
2019 $4,744 $23,610 $4,495 $19,115
2018 $4,664 $23,610 $4,495 $19,115
2017 $5,280 $24,527 $3,955 $20,572
2016 $4,912 $24,527 $3,955 $20,572
2015 $4,494 $24,527 $3,955 $20,572
2014 $4,568 $24,619 $3,236 $21,383
2013 $4,478 $24,619 $3,236 $21,383
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10326045

Midwest Real Estate Data (MRED)
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