NOT LISTED FOR SALE
12 Beds
12 Baths
-- Sq Ft
1929 Built

Last Sold June 29, 2018

Last sale price $318,000

31 Days on Market

About This Home

As of June 2018

100% OCCUPIED!! A great 12-UNIT MULTI-FAMILY investment in Chatham neighborhood with 2-car garage. 4 units with 2 bed/1 bath; 4 units with with 1 bed/1 bath; and 4 Studios. Tenants pay all utilities except for water. This is an impressive corner masonry building with attractive cash flows over 16% Cap Ratio. This is a turn-key investment property and is easy to finance. Each unit has its own furnace. There are 3 common water heaters in the basements for all unit. Several units have been rehabbed.

Last Agent to Sell the Property

Moin Haque

Coldwell Banker Realty License #471011151 Listed on: 12/20/2016

Coldwell Banker Realty

Co-Listed By

Nancy Tiedt

Coldwell Banker Realty License #475158793

Last Buyer's Agent

Moin Haque

Coldwell Banker Realty License #471011151 Listed on: 12/20/2016

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1929

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Exterior Basement Entry
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • Insurance Expense $1,073

Listing and Financial Details

  • Tenant pays for electric, heat

Property Details

Home Type

Multi-Family

Year Built

1929

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Ownership Type: Land Trust
  • Utilities To Site: Water-Community
  • Zoning Type: MULTI
  • Estimated Age: Older
  • Net Operating Income Year: 2015
  • Net Oper Income: 57481
  • Repairs Decor Expense: 1299
  • Roof Coverings: Fiberglass
  • Roof Structure: Flat
  • Total Annual Exp: 25079
  • Total Annual Income: 82560
  • Total Monthly Income: 6880
  • Number Of Refrigs: 12
  • Number Of Stories: 2
  • Estimated Year Built: 1929
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1929

Interior Features

  • Basement: Unfinished, Exterior Access

Exterior Features

  • Foundation: Concrete
  • Exterior Building Type: Brick
  • Construction: Brick
  • Frontage Access: City Street

Garage/Parking

  • Indoor Parking: 1-5 Spaces
  • Number Of Parking Spaces: 2

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Central Heat/Indiv Controls
  • Water Expense: 2415

Condo/Co-op/Association

  • Units in Building: 12

Fee Information

  • Electrical Service: Circuit Breakers, Fuses
  • Janitor Expense: 2400

Lot Info

  • Lot Dimensions: 60X125
  • Lot Sq Ft: 8915
  • Parcel Identification Number: 20332000320000

Rental Info

  • Gross Rental Income: 6880
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2015
  • Insurance Expense: 1073
  • Other Expenses: 1348

Tax Info

  • Taxes: 11206

Range of Values:

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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 Change Sq Ft Price
06/29/2018 06/29/18 Sold $318,000 -9.1% --
01/20/2017 01/20/17 Pending -- -- --
12/20/2016 12/20/16 For Sale $350,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD09407075

Midwest Real Estate Data (MRED)

APN: 20332000320000