NOT LISTED FOR SALE
12 Beds
12 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold October 22, 2024

Last sale price $525,000

68 Days on Market

About This Home

As of October 2024

AMAZING VALUE ADD OPPURTUNITY IN CHATHAM! Beautiful brick 12 unit. All 1bd/1ba units. 6 parking spots. Central boiler with radiator heat. In building laundry as well as tenant storage. Newer boiler and windows. Updated electric and plumbing. Four units are currently vacant and ready for renovations. Four tenants are delinquent and currently in eviction proceedings. All financials provided here are projections. Property is being sold "as-is."

Last Agent to Sell the Property

Joseph Giannini

Agent Realty Partners License #475191091 Listed on: 05/12/2024

Last Buyer's Agent

Jonathan Williams

Coldwell Banker Realty License #475197286

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,264

Year Built

  • Built in 1947

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 60x125
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Basement

  • Exterior Basement Entry
  • Basement Storage

Utilities

  • No Cooling
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 12 Units

Building Details

  • Electric Expense $1,500
  • Fuel Expense $5,000
  • Insurance Expense $6,800
  • Maintenance Expense $10,000
  • Other Expense $1,900
  • Trash Expense $2,500
  • Water Sewer Expense $5,000
  • Operating Expense $40,964
  • Gross Income $126,000
  • Net Operating Income $85,036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,264

Year Built

Built in 1947

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 3
  • Year Built: 1947
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Total Bedrooms: 12
  • Basement Description: Exterior Access,Storage Space
  • Fireplaces: 2
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 12
  • Ranges: 12
  • Number of Washers: 2
  • Room: 0

Exterior Features

  • Construction Materials: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

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

Fee Information

  • Trash Expense: 2500
  • Water Sewer Expenses: 5000

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 60X125
  • Lot Size Sq Ft: 7500

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 85036
  • Fuel Expense: 5000
  • Insurance Expense: 6800
  • ElectricExpense: 1500
  • GrossIncome: 126000
  • Maintenance Expense: 10000
  • NumberOfUnitsTotal: 12
  • OperatingExpense: 40964
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 8264
  • 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
10/22/2024 10/22/24 Sold $525,000 0.0% --
07/22/2024 07/22/24 Pending -- -- --
05/14/2024 05/14/24 For Sale $525,000 -- --
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 $3,546 $24,228 $5,958 $18,270
2024 $3,546 $24,228 $5,958 $18,270
2023 $3,457 $16,810 $3,460 $13,350
2022 $3,457 $16,810 $3,460 $13,350
2021 $3,380 $16,808 $3,459 $13,349
2020 $4,195 $18,831 $3,459 $15,372
2019 $3,783 $18,831 $3,459 $15,372
2018 $2,454 $12,421 $3,459 $8,962
2017 $3,029 $14,072 $2,883 $11,189
2016 $2,818 $14,072 $2,883 $11,189
2015 $2,579 $14,072 $2,883 $11,189
2014 $2,408 $12,977 $2,883 $10,094
2013 $2,533 $13,927 $2,883 $11,044
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12039735

Midwest Real Estate Data (MRED)

APN: 20351220190000

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