NOT LISTED FOR SALE

8695 Macarthur Rd Saranac, MI 48881

-- Bed
-- Bath
-- Sq Ft
5 Acre Lot

Sale Details

Date Sold: October 21, 2015

Last sale price $120,000

163 Days on Market

About This Home

As of October 2015

Unbelievable investment opportunity. 6 unit mobile home community on 5 wooded acres. Super cash flow and 100% occupancy. 3 units rent at $575 and 3 are at $600 per month. Landlord pays trash, snow, and lawn. One well per 2 units. Each unit has private septic. Land contract terms could be available. Hurry to show!!

Last Agent to Sell the Property

Darin Elliott

Greenridge Realty (Ionia) Listed on: 05/04/2015

Last Buyer's Agent

Darin Elliott

Greenridge Realty (Ionia) Listed on: 05/04/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 520x675x500x572
  • The property's road front is unimproved
  • Wooded Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Crawl Space

Parking

  • 24 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Septic System
  • Phone Connected

Listing and Financial Details

  • Tenant pays for gas

Community Details

Overview

  • 6 Buildings
  • 6 Units

Recreation

  • Recreational Area

Building Details

  • Insurance Expense $725
  • Maintenance Expense $4,056
  • Gross Income $42,300
  • Net Operating Income $33,819

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

5 Acres

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1978
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 520x675x500x572
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3700.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 6
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 6.0
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 149900.0
  • Lot Features: Recreational, Wooded
  • Number of Buildings: 6
  • Road Surface Type: Unimproved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 24.0
  • General Property Info:Total Parking Spaces: 24.0

Utilities

  • Heating: Propane, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 5.0
  • Lot Size Area: 5.0
  • Lot Size Sq Ft: 217800.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Gross Income: 42300.0
  • Insurance Expense: 725.0
  • Maintenance Expense: 4056.0
  • Net Operating Income: 33819.0
  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 3700.0
  • Tax Year: 2014
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/21/2015 10/21/15 Sold $120,000 -19.9% --
10/14/2015 10/14/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $149,900 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $427 $55,300 $18,700 $36,600
2024 $4 $55,300 $18,700 $36,600
2023 $389 $42,900 $15,000 $27,900
2022 $370 $42,900 $15,000 $27,900
2021 $1,620 $37,900 $12,400 $25,500
2020 $355 $37,900 $12,400 $25,500
2019 $276 $34,800 $11,600 $23,200
2018 $1,280 $27,400 $11,600 $15,800
2017 $278 $27,400 $11,600 $15,800
2016 $276 $24,700 $10,300 $14,400
2015 -- $24,700 $10,300 $14,400
2014 -- $23,400 $10,300 $13,100
Source: Public Records

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Map

Source: MichRIC

MLS Number: 15003046

MichRIC
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