NOT LISTED FOR SALE
12 Beds
6 Baths
7,764 Sq Ft
0.3 Acres

Last Sold October 21, 2024

Last sale price $410,000 $53 Per Sq Ft

4 Days on Market

Highlights

  • 0.3 Acre Lot
  • 6 Fireplaces
  • Central Heating

About This Home

As of October 2024

Value Add! Fully stabilized, classic brick center-entry 6 flat with upside potential in Auburn Gresham, directly across the street from Scott Joplin Elementary School. All 2bd/1ba units with large living rooms and separate, spacious dining rooms. Some units have been partially updated. A four vehicle garage (currently closed off) in back. Full, unfinished basement. Boiler heat. Building needs some maintenance and cosmetic updates to maximize its potential, but the building is solid. Convert to vouchered tenants over time, install individual furnaces and water heaters and rent garage spaces.

Last Agent to Sell the Property

David Urbaniak

@properties Commercial License #475114531 Listed on: 08/26/2024

@properties Commercial

Co-Listed By

Kevin Rocio

@properties Commercial License #475128895

Last Buyer's Agent

Tameka McClellon

Tameka McClellon License #471022512

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,736

Year Built

  • Built in 1920

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 50 x 136

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Membrane Roofing
  • Concrete Perimeter Foundation

Interior Spaces

  • 3-Story Property
  • 6 Fireplaces
  • Unfinished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Central Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $770
  • Fuel Expense $8,800
  • Insurance Expense $4,128
  • Manager Expense $2,040
  • Other Expense $3,255
  • Trash Expense $2,200
  • Water Sewer Expense $2,604
  • Operating Expense $34,288
  • Gross Income $65,100
  • Net Operating Income $30,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,736

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1920
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,No Sign on Property
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 12
  • Fireplaces: 6
  • Basement Description: Unfinished
  • Fireplaces: 0
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Membrane
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: 1-5 Spaces

Utilities

  • Cooling: None
  • Heat/Ventilation: Central Bldg Heat,Gas

Condo/Co-op/Association

  • Manager Expense: 2040
  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2200
  • Water Sewer Expenses: 2604
  • Operating Expense Includes: Vacancy Allowance

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 50 X 136
  • Lot Size Sq Ft: 6820
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 30812
  • Fuel Expense: 8800
  • Insurance Expense: 4128
  • ElectricExpense: 770
  • GrossIncome: 65100
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 34288
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 4736
  • Tax Year: 2022
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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
10/21/2024 10/21/24 Sold $410,000 +2.8% $53 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
08/26/2024 08/26/24 For Sale $399,000 -- $51 / Sq Ft
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 $5,064 $38,000 $3,410 $34,590
2024 $5,064 $38,000 $3,410 $34,590
2023 $4,936 $24,000 $5,456 $18,544
2022 $4,936 $24,000 $5,456 $18,544
2021 $4,826 $24,000 $5,456 $18,544
2020 $3,241 $14,549 $5,456 $9,093
2019 $3,322 $16,533 $5,456 $11,077
2018 $3,266 $16,533 $5,456 $11,077
2017 $6,364 $29,563 $4,774 $24,789
2016 $5,921 $29,563 $4,774 $24,789
2015 $5,417 $29,563 $4,774 $24,789
2014 $4,747 $25,584 $4,433 $21,151
2013 $4,653 $25,584 $4,433 $21,151
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12145475

Midwest Real Estate Data (MRED)

APN: 20312020400000