NOT LISTED FOR SALE
42 Beds
21 Baths
8,556 Sq Ft
6,250 Sq Ft Lot

Last Sold February 25, 2022

Last sale price $450,000 $53 Per Sq Ft

8 Days on Market

About This Home

As of February 2022

Great Six unit building that is ready for a new owner! There are six; two bedroom; one bath units in this building that are individually furnaced! All units are occupied at this time. There is a basement with a five space garage in the rear of the building. This building is a must see; this is an exceptional buy for an investor or an owner who is looking to move in to a fully occupied building with rents already in place. You should see this building immediately because it will not last long!!

Last Agent to Sell the Property

Elijah Reese

Serene Realty, Inc. License #471019825 Listed on: 12/07/2021

Co-Listed By

Vadie Reese

Serene Realty, Inc. License #475155216

Last Buyer's Agent

Darian Nolan

HomeSmart Connect LLC License #475173520

HomeSmart Connect LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,537

Year Built

  • Built in 1932

Lot Details

  • 6,250 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 8,556 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 42 Bedrooms
  • 21 Bathrooms

Utilities

  • No Cooling
  • Floor Furnace
  • Shared Septic

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $700
  • Fuel Expense $3,360
  • Insurance Expense $3,600
  • Maintenance Expense $3,600
  • Manager Expense $4,305
  • Other Expense $2,000
  • Trash Expense $2,724
  • Water Sewer Expense $2,360
  • Operating Expense $33,324
  • Gross Income $69,500
  • Net Operating Income $28,178

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,537

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1932
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 42
  • Basement Description: Unfinished
  • Drive-In Doors: 0
  • Refrigerators: 6
  • Ranges: 6
  • Room: 5
  • Room: 5
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • List Price: 450000
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 1-5 Spaces
  • Indoor Parking: Detached

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Utilities: Shared Septic Connected
  • Heat/Ventilation: Individual Furnaces
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 4305
  • Unincorporated (Y/N): No
  • Conversion YN: N
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 2724
  • Water Sewer Expenses: 2360
  • Janitor Expense: 1500

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.14
  • Lot Dimensions: 6250
  • Lot Size Sq Ft: 6250
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8
  • Tenancy Type: Month To Month,Subsidized Rents

Building Info

  • BuildingAreaTotal: 8556

Multi Family

  • Net Operating Income: 28178
  • Fuel Expense: 3360
  • Insurance Expense: 3600
  • ElectricExpense: 700
  • GrossIncome: 69500
  • Maintenance Expense: 3600
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 33324
  • Expense Year: 2021
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 5537
  • Tax Year: 2020

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
02/25/2022 02/25/22 Sold $450,000 0.0% $53 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/07/2021 12/07/21 For Sale $450,000 0.0% $53 / Sq Ft
10/01/2016 10/01/16 Rented $850 +3.0% --
09/28/2016 09/28/16 Under Contract -- -- --
09/14/2016 09/14/16 Price Changed $825 -2.9% $1 / Sq Ft
07/09/2016 07/09/16 For Rent $850 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11282861

Midwest Real Estate Data (MRED)