NOT LISTED FOR SALE
13 Beds
4 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold August 14, 2019

Last sale price $1,150,000

16 Days on Market

Highlights

  • 3 Car Detached Garage
  • 3-minute walk to Foster Station
  • 3-minute walk to Fireman's Park
  • Dewey Elementary School Rated A
  • Paved or Partially Paved Lot

About This Home

As of August 2019

Marquis property with great proximity to campus, makes this 4 unit a very desirable investment. Very popular with students, this property offers a cap Rate of 8.4%, this property offers significant upside in rents following recent renovations. Garage rents for additional fee and not included in current leases. Laundry facilities in Basement for tenants

Last Agent to Sell the Property

Daniel Nierman

4 Sale Realty Advantage LLC License #471018942 Listed on: 06/08/2019

Last Buyer's Agent

Amy DeMarte

5Gears Property LLC License #471021113

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,817

Year Built

  • Built in 1904 | Remodeled in 2017

Lot Details

  • 5,227 Sq Ft Lot
  • Paved or Partially Paved Lot

Parking

  • 3 Car Detached Garage
  • Parking Included in Price

Home Design

  • Brick Foundation
  • Asphalt Roof
  • Masonite

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Partial Basement

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,817

Year Built

Built in 1904 | Remodeled in 2017

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1904
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2017
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2017

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 13
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Brick/Mortar
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Masonite

Garage/Parking

  • Garage Spaces: 3
  • ParkingTotal: 3
  • Garage On-Site: Yes
  • Garage Ownership: N/A
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Radiant
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Lot Info

  • Lot Size Acres: 0.12
  • Lot Dimensions: 5508 SQ FT
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat,Scavenger,Water

Tax Info

  • Tax Annual Amount: 21816.58
  • Tax Year: 2017

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat
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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 List to Sale Price per Sq Ft
08/14/2019 08/14/19 Sold $1,150,000 -11.5% --
06/24/2019 06/24/19 Pending -- -- --
06/08/2019 06/08/19 For Sale $1,300,000 -- --
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
2025 $23,272 $105,000 $16,249 $88,751
2024 $23,272 $96,132 $13,770 $82,362
2023 $22,330 $96,132 $13,770 $82,362
2022 $22,330 $96,132 $13,770 $82,362
2021 $18,165 $68,451 $9,088 $59,363
2020 $17,923 $68,451 $9,088 $59,363
2019 $21,758 $92,864 $9,088 $83,776
2018 $22,402 $81,765 $7,711 $74,054
2017 $21,817 $81,765 $7,711 $74,054
2016 $20,693 $81,765 $7,711 $74,054
2015 $17,225 $64,242 $6,609 $57,633
2014 $17,061 $64,242 $6,609 $57,633
2013 $16,669 $64,242 $6,609 $57,633
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10409626

Midwest Real Estate Data (MRED)