NOT LISTED FOR SALE
8 Beds
4 Baths
2,501 Sq Ft
10,642 Sq Ft Lot Lot

Sale Details

Date Sold: March 27, 2020

Last sale price $625,000 $250 Per Sq Ft

11 Days on Market

About This Home

As of March 2020

Great Investment opportunity with good income potential! This Fourplex consists of 2BR/1BA units. Property could use some updates. Cash offers preferred but will consider financed offers with large downpayment. AS IS sale.

Last Agent to Sell the Property

Dale Handley

Town'N Country Realty License #01280498 Listed on: 02/14/2020

Last Buyer's Agent

Charles Cryder

Century 21 A Property Shoppe License #00937820

Century 21 A Property Shoppe

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 10,642

Home Design

  • Quadruplex
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,501 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Parking Spaces
  • Uncovered Parking

Additional Features

  • 10,642 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $52,800

Community Details

Overview

  • 2,501 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $1,200
  • Maintenance Expense $1,500
  • Utility Expense $1,500
  • Operating Expense $11,350
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

10,642 Sq Ft Lot

Listing Details

  • Zoning: R-L 5.5
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2501
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 2501
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Tar And Gravel

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2443
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10640.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10640.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 10.42
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Maintenance: 1500
  • Expenses Total: 11350
  • Expenses Utility: 1500
  • Income Annual Gross: 52800.00
  • Income Annual Rental: 52800
  • Income Gross Scheduled: 52800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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
03/27/2020 03/27/20 Sold $625,000 +13.6% $250 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
02/14/2020 02/14/20 For Sale $550,000 -- $220 / Sq Ft
Source: MLSListings

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 $8,983 $683,924 $344,496 $339,428
2024 $8,983 $670,123 $337,742 $332,381
2023 $8,819 $656,984 $331,120 $325,864
2022 $7,937 $644,103 $324,628 $319,475
2021 $7,942 $631,474 $318,263 $313,211
2020 $3,441 $270,065 $117,143 $152,922
2019 $3,548 $264,779 $114,847 $149,932
2018 $3,344 $259,596 $112,596 $147,000
2017 $3,470 $254,515 $110,389 $144,126
2016 $3,294 $249,533 $108,225 $141,308
2015 $3,265 $245,792 $106,600 $139,192
2014 $3,149 $240,986 $104,512 $136,474
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81782660

MLSListings

APN: 004-401-011

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