NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1988 Built

Last Sold August 10, 2021

12 Days on Market

Highlights

  • No HOA
  • Utility Room
  • Wood Siding
  • Central Air
  • Paved or Partially Paved Lot

About This Home

As of August 2021

This private, small apartment building nestled just off 55th St and Metropolitan Ave is a steady eddy investment property. 2-1 bedroom units and 4-2 bedroom units. All units are ALL ELECTRIC; separate electric meter, tenant pays electric. Water, trash, lawn, and snow removal included in rent. To allow for Buyer to increase rents, current owner has NOT been renewing current leases (unit #103 vacant for showings; unit #102 and #201 leases ending June 30) All 2 bedroom that would be available, and property management suggesting $795 rent for units as-is (room for increase with cosmetic renovations) Community, coin operated laundry room and each has small storage area as well. All units have stove, dishwasher, disposal, and fridge. Central heat and air

Last Agent to Sell the Property

Cynthia Home

Platinum Realty LLC License #SP00234035 Listed on: 06/01/2021

Platinum Realty LLC

Co-Listed By

Roxanne Petter

Coldwell Banker Distinctive Pr License #00239267

Last Buyer's Agent

Kevin Braun

Cascade Financial Investments License #2020006239

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,900

Year Built

  • Built in 1988

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Utility Room

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Parking

  • 13 Parking Spaces
  • Paved Parking
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Central Air
  • Separate Meters
  • Master Gas Meter
  • Master Water Meter

Listing and Financial Details

  • Assessor Parcel Number 046001

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Lovelace Subdivision

Building Details

  • Gross Income $51,720

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,900

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment Building
  • Age Description: 31-40 Years
  • Legal Description: LOVELACE & 460, S23, T11, R23, ACRES 0.43, B3 L19 TO L24
  • Package: Optional
  • Year Built: 1988
  • Senior Community: No
  • Co List Office Mls Id: CBAD11
  • Co List Office Name: Coldwell Banker Goodlife
  • Co List Office Phone: 913-345-9999
  • Exclude From Reports: No
  • Internet Address Display: Yes
  • Internet Automated Valuation Dis: No
  • Internet Consumer Comment: No
  • Internet Entire Listing Display: Yes
  • List Agent Full Name: Cynthia Frohling
  • List Office Mls Id: CBAD11
  • List Office Name: Coldwell Banker Goodlife
  • List Office Phone: 913-345-9999
  • Maintenance Provided: No
  • Mls Status: Sold
  • Operating Expense: 28472
  • Special Documents Required: No
  • Tax Total Amount: 8900
  • Unit Type: 1 Bedroom, 2 Bedroom
  • Value Range Pricing: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Refrigerator, Rng/Oven- Electric
  • Basement: No
  • Laundry Features: Central Laundry, Utility Room
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No
  • Parking Features: Assigned Parking, Off Street, Paved
  • Total Parking Spaces: 13

Utilities

  • Cooling: Central Electric
  • Heating: Central Electric
  • Sewer: City/Public
  • Telecommunications: Cable - Available
  • Utilities: Ind Heat And Air, Ind Water Heaters, Master Meters, Separate Meters
  • Cooling: Yes
  • Electric: Separate Meters
  • Water Source: City/Public

Association/Amenities

  • Association: No

Schools

  • School District: Turner

Lot Info

  • In Floodplain: No
  • Parcel Number: 046001
  • Subdivision Name: Lovelace

Rental Info

  • Existing Lease Terms: One Year Lease

Building Info

  • Number of Units Total: 6

Multi Family

  • Gross Income: 51720
  • Current Occupancy Rate: 90-95%
  • Operating Expenses Include: Maintenance, Real Estate Tax, Refuse Collection, Sewer, Water

Tax Info

  • Tax Abatement: No
  • Tax Annual Amount: 8900.00

MLS Schools

  • School District: Turner

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

Property History

Date Event Price Change Sq Ft Price
08/10/2021 08/10/21 Sold -- -- --
06/13/2021 06/13/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $350,000 -- --
Source: Heartland MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2324887

Heartland MLS