NOT LISTED FOR SALE

Estimated Value: $644,953

10 Beds
6 Baths
6,216 Sq Ft
$104/Sq Ft Est. Value

Sale Details

Date Sold: June 25, 2021

Last sale price $502,500 $81 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,219 / mo

5 Days on Market

Highlights

  • Laundry Room
  • Central Heating
  • Baseboard Heating

About This Home

As of June 2021

Great investment opportunity for this well taken care of brick 6 unit. Four 2 bedroom units and 2 one bedroom units. All units show nicely with hardwood floors thruout although upstairs units have carpeted livrm for sound barrier. Some units have new flooring and there is new flooring in front and rear entrys., All units currently rented with stable rental history. Tenants pay electric, water, & cooking gas. Washer/Dryer in bsmt owned by 3rd party. 8 off-street parking spaces in the rear of the bldg and on street parking permitted as well. Bus service nearby, restuarants and retail within walking distance.

Last Agent to Sell the Property

Sandra Rivett

Homesellers Network License #471008056 Listed on: 05/11/2021

Co-Listed By

Lesli Morrow

Karges Realty License #475167640

Last Buyer's Agent

Lauren Grigus

Crosstown REALTORS Inc License #471020896

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,417

Year Built

  • Built in 1963

Lot Details

  • Lot Dimensions are 100 x 127

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,216 Sq Ft Home
  • 3-Story Property
  • Laundry Room
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Separate Meters
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for electricity, sewer

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $269
  • Fuel Expense $1,990
  • Insurance Expense $2,615
  • Trash Expense $993
  • Water Sewer Expense $334
  • Operating Expense $17,058
  • Gross Income $57,000
  • Net Operating Income $39,942

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,417

Year Built

Built in 1963

Lot Details

0.3 Acres

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,List Broker Must Accompany,Seller's Disclosure,Show-Call Listing Office
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Possible Use: Multi-Family
  • Basement Description: Partially Finished
  • Misc Inside: Inside Corridor/s,Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Gable,Pitched
  • Misc Outside: Security Lighting,Security System,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Paved

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers, Separate Meters, Service - 0 to 100 Amps
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Central Heat/Indiv Controls,Gas,Hot Water,Baseboard
  • Leased Washer Dryer YN: Yes

Fee Information

  • Trash Expense: 993
  • Water Sewer Expenses: 334

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 100 X 127
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Security Entrance,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Electricity, Sewer
  • Board Number: 17

Building Info

  • BuildingAreaTotal: 6216

Multi Family

  • Net Operating Income: 39942
  • Fuel Expense: 1990
  • Insurance Expense: 2615
  • ElectricExpense: 269
  • GrossIncome: 57000
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 17058
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 9417
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jun 12, 2021
Sold by
Kline Marsha K and Hillard Mitchell P
Bought by
Simply Living Properties Inc
Seller's Agent
Sandra Rivett
Homesellers Network
Buyer's Agent
Lauren Grigus
Crosstown REALTORS Inc
Sold Price
$502,500
Current Estimated Value
$644,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,453
Avg. Annual Appreciation
5.33%
Original Mortgage
$382,500
Outstanding Balance
$346,630
Interest Rate
2.96%
Mortgage Type
Commercial
Estimated Equity
$298,323
Source: Public Records
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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
Simply Living Properties Inc $502,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simply Living Properties Inc $382,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $502,500 0.0% $81 / Sq Ft
05/17/2021 05/17/21 For Sale -- -- --
05/16/2021 05/16/21 Pending -- -- --
05/13/2021 05/13/21 Off Market $502,500 -- --
05/11/2021 05/11/21 For Sale $499,900 -- $80 / Sq Ft
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
2024 $9,310 $111,151 $29,151 $82,000
2023 $9,310 $111,151 $29,151 $82,000
2022 $9,050 $98,000 $29,151 $68,849
2021 $9,210 $98,000 $29,151 $68,849
2020 $9,201 $98,000 $29,151 $68,849
2019 $9,417 $98,000 $29,151 $68,849
2018 $9,765 $98,000 $29,151 $68,849
2017 $10,123 $98,000 $29,151 $68,849
2016 $10,533 $98,000 $29,151 $68,849
2015 $10,883 $98,000 $29,151 $68,849
2014 $10,883 $109,119 $29,151 $79,968
2013 $10,883 $109,119 $29,151 $79,968
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11084755

Midwest Real Estate Data (MRED)

APN: 30-07-08-425-002

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