NOT LISTED FOR SALE

Estimated Value: $147,000 - $173,000

4 Beds
3 Baths
1,488 Sq Ft
$104/Sq Ft Est. Value

Last Sold March 16, 2023

Last sale price $150,000 $101 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,168/month

138 Days on Market

About This Home

As of March 2023

Perfect investment opportunity! Start earning passive income with this turn key 3-unit Multifamily property! All units have been updated and currently occupied giving you income instantly! Unit #1 and #3 are 1 bedroom 1 bath and Unit #2 is 2 bedroom 1 bath. Owner receives over $2500 per month in rental income. Owner pays all utilities including Gas, Electric, and water. Very high ROI, Do not miss out on this opportunity.

Last Agent to Sell the Property

Thomas Dado

Community Choice Realty Inc License #6501431359 Listed on: 10/08/2022

Community Choice Realty Inc

Last Buyer's Agent

Kevin Kowalik

Dane Seltzer Real Estate Group LLC License #6501301409

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1913

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 65x100

Home Design

  • Colonial Architecture
  • Block Foundation

Interior Spaces

  • 3 Full Bathrooms
  • 1,488 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Fort Gratiot Military Reservation Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74063650091000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,562

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 49.00
  • Year Built: 1913
  • State Equalized Value: 39400.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1488
  • Total Sq Ft: 1488
  • Sq Ft Total Bsmt: 600

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Wood
  • Foundation Materials: Block
  • Frontage Feet: 65
  • Road Frontage Type: Gravel

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Fee Information

  • Operating Expense: 9600.00

Schools

  • School District: Port Huron

Lot Info

  • List Price per Acre: 999333.3300
  • Lot Size Area: 0.15
  • Lot Dimensions: 65X100
  • Parcel Number: 74063650091000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Electric, Water/Sewer, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Monthly Rental Income: 2600

Tax Info

  • Tax Amount Summer: 1465.0000
  • Tax Amount Winter: 97.0000
  • Total Tax: 1562.0000
  • Taxable Value: 24413.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 3
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: Port Huron

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2022
Closed on
Apr 24, 2023
Sold by
Simpson Austin M
Bought by
Simpson Austin M and Riedel Todd
Seller's Agent
Thomas Dado
Community Choice Realty Inc
Buyer's Agent
Kevin Kowalik
Dane Seltzer Real Estate Group LLC
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%
Views
130
Current Estimated Value
$154,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,818
Avg. Annual Appreciation
1.11%
Original Mortgage
$153,450
Outstanding Balance
$149,622
Interest Rate
6.32%
Mortgage Type
VA
Estimated Equity
$4,176

Purchase Details

Listed on
Apr 11, 2022
Closed on
Apr 28, 2022
Sold by
Rodney Dharry
Bought by
Hatch Justin
Seller's Agent
Thomas Dado
Community Choice Realty Inc
Buyer's Agent
Thomas Dado
Community Choice Realty Inc
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.02%
Original Mortgage
$93,750
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2021
Sold by
Young Troy
Bought by
Dharry Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,438
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

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Range of Values:

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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
Simpson Austin M -- None Listed On Document
Simpson Austin M $150,000 None Listed On Document
Hatch Justin $125,000 None Listed On Document
Dharry Rodney $64,000 None Listed On Document
Dharry Rodney $64,000 None Available
Young Troy $58,000 Maritime Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Austin M $153,450
Previous Owner Hatch Justin $93,750
Previous Owner Young Troy $45,438
Previous Owner Dharry Rodney $62,000
Previous Owner Sprague Deanna M $59,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2023 03/16/23 Sold $150,000 +0.1% $101 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $149,900 0.0% $101 / Sq Ft
01/31/2023 01/31/23 Pending -- -- --
01/04/2023 01/04/23 Price Changed $149,900 -3.2% $101 / Sq Ft
11/01/2022 11/01/22 Price Changed $154,900 -3.1% $104 / Sq Ft
10/08/2022 10/08/22 For Sale $159,900 +27.9% $107 / Sq Ft
04/28/2022 04/28/22 Sold $125,000 0.0% $69 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $125,000 -- $69 / Sq Ft
Source: Realcomp

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
2024 $3,666 $72,600 $0 $0
2023 $2,899 $57,300 $0 $0
2022 $2,613 $41,200 $0 $0
2021 $1,561 $39,400 $0 $0
2020 $1,724 $34,600 $34,600 $0
2019 $1,715 $23,300 $0 $0
2018 $1,681 $23,300 $0 $0
2017 $1,503 $22,400 $0 $0
2016 $1,348 $22,400 $0 $0
2015 $1,257 $23,100 $23,100 $0
2014 $1,257 $23,500 $23,500 $0
2013 -- $19,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221050081

Realcomp

APN: 06-365-0091-000