NOT LISTED FOR SALE

911 W South St Kalamazoo, MI 49007

Central Business District Neighborhood

Estimated Value: $330,780 - $400,000

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold August 15, 2016

Last sale price $235,000

Est. 62% increase in value since last sale

Current estimated payment $2,443/month

5 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • 4-minute walk to Lovell Street Park

About This Home

As of August 2016

This newly renovated 5-unit complex is perfect for the savvy investor looking to make upwards of 10-15% in return on their initial investment. These units stay rented and have a great history of minimal vacancy. This is a must see for any investor.

Last Agent to Sell the Property

Brian Schultz

Callander Commercial License #6501367923 Listed on: 07/28/2016

Last Buyer's Agent

Jill Bertolissi

Berkshire Hathaway HomeServices MI License #6501241467

Berkshire Hathaway HomeServices MI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,083

Year Built

  • Built in 1929

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50' x 129.2'

Parking

  • 5 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Connected

Community Details

  • 5 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,083

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1929
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 62.52
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50' x 129.2'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4082.64
  • Tax Info:Zoning3: CC
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Brick
  • List Price: 249000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098.0
  • Zoning Description: CC
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 4082.64
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Aug 16, 2016
Sold by
Great Lakes Rentals Llc
Bought by
Property Care One Llc
Seller's Agent
Brian Schultz
Callander Commercial
Buyer's Agent
Jill Bertolissi
Berkshire Hathaway HomeServices MI
List Price
$249,000
Sold Price
$235,000
Premium/Discount to List
-$14,000
-5.62%
Current Estimated Value
$380,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,110
Avg. Annual Appreciation
4.97%

Purchase Details

Listed on
Sep 1, 2015
Closed on
Nov 11, 2015
Sold by
911 South Street Llc
Bought by
Great Lakes Rentals Llc
Seller's Agent
Brian Schultz
Callander Commercial
Buyer's Agent
Brian Schultz
Callander Commercial
List Price
$285,000
Sold Price
$220,000
Premium/Discount to List
-$65,000
-22.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.07%

Purchase Details

Listed on
Feb 29, 2012
Closed on
Jul 6, 2012
Sold by
Emmers Properties Llc
Bought by
911 South Street Llc
Seller's Agent
Bob Oudsema
Berkshire Hathaway HomeServices MI
Buyer's Agent
Emily Parfet
Berkshire Hathaway HomeServices MI
List Price
$219,900
Sold Price
$172,500
Premium/Discount to List
-$47,400
-21.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.18%

Purchase Details

Listed on
Feb 29, 2012
Closed on
May 14, 2012
Sold by
Field Gregory V
Bought by
Emmers Properties Llc
Seller's Agent
Bob Oudsema
Berkshire Hathaway HomeServices MI
Buyer's Agent
Emily Parfet
Berkshire Hathaway HomeServices MI
List Price
$219,900
Sold Price
$172,500
Premium/Discount to List
-$47,400
-21.56%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Property Care One Llc $235,000 First American Title Ins Co
Great Lakes Rentals Llc $220,000 First American Title
911 South Street Llc -- Ppr Title Agency
Emmers Properties Llc $172,500 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2016 08/15/16 Sold $235,000 -5.6% --
08/02/2016 08/02/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $249,000 +13.2% --
11/13/2015 11/13/15 Sold $220,000 -22.8% -- View Prior Sale
10/30/2015 10/30/15 Pending -- -- --
09/01/2015 09/01/15 For Sale $285,000 +65.2% --
05/11/2012 05/11/12 Sold $172,500 -21.6% -- View Prior Sale
05/07/2012 05/07/12 Pending -- -- --
02/29/2012 02/29/12 For Sale $219,900 -- --
Source: MichRIC

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 $5,356 $179,900 $0 $0
2024 $2,219 $162,500 $0 $0
2023 $2,115 $140,700 $0 $0
2022 $4,857 $118,800 $0 $0
2021 $4,698 $107,000 $0 $0
2020 $4,609 $94,400 $0 $0
2019 $4,439 $77,900 $0 $0
2018 $4,337 $67,000 $0 $0
2017 $3,804 $62,900 $0 $0
2016 $3,804 $57,000 $0 $0
2015 $3,804 $57,200 $0 $0
2014 $3,804 $53,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Brian Schultz

    Callander Commercial

    Section Image

  • J

    Buyer's Agent in 2016

    Jill Bertolissi

    Berkshire Hathaway HomeServices MI

    (269) 207-7600

    25 Total Sales

    Jill Bertolissi
    Section Image
  • Bob Oudsema

    Seller's Agent in 2012

    Bob Oudsema

    Berkshire Hathaway HomeServices MI

    (269) 488-0235

    1 in this area

    18 Total Sales

    Bob Oudsema
    Section Image
  • Diane Bornhorst

    Seller Co-Listing Agent in 2012

    Diane Bornhorst

    Berkshire Hathaway HomeServices MI

    (269) 491-5666

    1 in this area

    70 Total Sales

    Diane Bornhorst
    Section Image

  • E

    Buyer's Agent in 2012

    Emily Parfet

    Berkshire Hathaway HomeServices MI

    (269) 270-3289

    1 in this area

    38 Total Sales

    Emily Parfet
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 16038924

MichRIC

APN: 06-16-473-003

Michigan Kalamazoo County Kalamazoo 49007 Central Business District

911 W South St, Kalamazoo, MI

Not Listed for Sale

MultiFamily

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