NOT LISTED FOR SALE

8555 Canal Rd Sterling Heights, MI 48314

30 Beds
20 Baths
12,000 Sq Ft
1.2 Acres

Last Sold October 10, 2014

Last sale price $750,000 $62 Per Sq Ft

14 Days on Market

Highlights

  • 1.2 Acre Lot
  • Baseboard Heating
  • Private Entrance
  • Bemis Junior High School Rated A-
  • 60 Car Garage

About This Home

As of October 2014

Do not disturb 20 tenants! Inspection and viewing shall be after accepted Purchase Agreement. 20 Units fully occupied. 20 stoves, fridges, 3 coined operating washer & dryer machines. Ample parking and full masonry in the HEART of Macomb County! New roof on most westerly building. Neat and clean and well maintained and family operated since 1964! This is a money maker with 20% money down and will have a return of $5,000 a month.
3 buildings total.
8505 Canal Sterling Heights 48314, Parcel ID Number 10-03-126-015,
8555 Canal Sterling Heights 48314, Parcel ID Number 10-03-126-029,
8481 Canal Utica 48317, Parcel ID Number 10-03-101-057
All information deemed reliable but not guaranteed, Buyers agent and buyer most confirm

Last Agent to Sell the Property

Matthew Vale

RE/MAX Eclipse License #6501217494 Listed on: 05/09/2014

RE/MAX Eclipse

Last Buyer's Agent

Matthew Vale

RE/MAX Eclipse License #RCO-6501217494

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1962

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 375x222x365x117
  • Private Entrance

Parking

  • 60 Car Garage

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 20 Full Bathrooms
  • 12,000 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Crawl Space
  • Basement Storage

Outdoor Features

  • Exterior Lighting

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 20 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,000

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 20.00
  • Full Bathrooms: 20
  • Basement: Yes
  • Basement Type: Common, Interior Entry (Interior Access), Private Storage Locker
  • Sq Ft Combined: 12000
  • Total Sq Ft: 12000
  • Sq Ft Total Bsmt: 4000

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement, Crawl
  • Construction Materials: Aluminum, Brick
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 375
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Paved
  • Total Parking Spaces: 60

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Utica

Lot Info

  • List Price per Acre: 666666.6667
  • Lot Size Area: 1.20
  • Lot Dimensions: 375X222X365X117
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 11600

Tax Info

  • Tax Amount Summer: 8000.0000
  • Tax Amount Winter: 6000.0000
  • Total Tax: 14000.0000

Multi Family

  • Gross Scheduled Income: 139200.00
  • Number Of Units Total: 20
  • Number of One Bedroom Units: 10
  • Number of Two Bedroom Units: 10
  • Number Of Units Leased: 20

MLS Schools

  • School District: Utica

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2014
Closed on
Oct 10, 2014
Sold by
Reygaert Steven J
Bought by
Harris Place Apartments Llc
Seller's Agent
Matthew Vale
RE/MAX Eclipse
Buyer's Agent
Matthew Vale
RE/MAX Eclipse
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Harris Place Apartments Llc $750,000 Greco Title Agency Llc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2014 10/10/14 Sold $750,000 -6.3% $63 / Sq Ft
05/23/2014 05/23/14 Pending -- -- --
05/09/2014 05/09/14 For Sale $800,000 -- $67 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

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 $4,857 $136,100 $0 $0
2024 $3,795 $134,000 $0 $0
2023 $3,589 $116,800 $0 $0
2022 $4,284 $83,900 $0 $0
2021 $4,193 $79,900 $0 $0
2020 $3,227 $74,300 $0 $0
2019 $4,029 $76,200 $0 $0
2018 $4,055 $73,200 $0 $0
2017 $3,991 $73,200 $0 $73,200
2016 $3,933 $73,200 $0 $0
2015 -- $73,200 $0 $0
2014 -- $58,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Matthew Vale

    RE/MAX

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Map

Source: Realcomp

MLS Number: 214042838

Realcomp

APN: 10-10-03-126-029

Michigan Macomb County Sterling Heights 48314

8555 Canal Rd, Sterling Heights, MI

This home is located at 8555 Canal Rd, Sterling Heights, MI 48314 since 09 May 2014. This property was built in 1962. 8555 Canal Rd is a home located in Macomb County with nearby schools including Dresden Elementary School, Bemis Junior High School, and Henry Ford II High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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