NOT LISTED FOR SALE

95 E Water St Newaygo, MI 49337

Estimated Value: $118,000 - $194,000

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Last Sold November 04, 2024

Last sale price $54,500

Est. 197% increase in value since last sale

Current estimated payment $1,179/month

7 Days on Market

About This Home

As of November 2024

This duplex is a fantastic opportunity for investors looking to implement the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). Featuring split utilities, each unit operates independently, separate gas and electric meters making it perfect for generating rental income. With good bones, this property has great potential but needs work to reach its full value.
For those interested in flexible financing, the seller is open to a land contract with $25,000 down, 10% interest, and $350 per month payments.

Last Agent to Sell the Property

Sandi Gentry

RE/MAX Lakeshore License #6506045021 Listed on: 10/03/2024

RE/MAX Lakeshore

Last Buyer's Agent

Brenda Beach

Stark Real Estate License #6505432135

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 83x132

Parking

  • 2 Parking Spaces

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1960
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 83x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 60000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Dimensions: 83x132
  • Lot Size Sq Ft: 10969.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Nov 4, 2024
Sold by
Oikos Properties Llc
Bought by
Jireh Llc
Seller's Agent
Sandi Gentry
RE/MAX Lakeshore
Buyer's Agent
Brenda Beach
Stark Real Estate
List Price
$60,000
Sold Price
$54,500
Premium/Discount to List
-$5,500
-9.17%
Views
12
Current Estimated Value
$161,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,208
Avg. Annual Appreciation
157.47%
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
Jireh Llc $54,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold $54,500 -9.2% --
10/10/2024 10/10/24 Pending -- -- --
10/03/2024 10/03/24 For Sale $60,000 -- --
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 $3,971 $74,400 $0 $0
2024 $15 $62,700 $0 $0
2023 $1,335 $53,200 $0 $0
2022 $1,573 $43,300 $0 $0
2021 $1,525 $39,400 $0 $0
2020 $1,527 $38,700 $0 $0
2019 $1,515 $35,900 $0 $0
2018 $1,500 $32,500 $0 $0
2017 $1,462 $31,900 $0 $0
2016 $1,449 $24,800 $0 $0
2015 -- $23,000 $0 $0
2014 -- $22,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sandi Gentry

    Seller's Agent in 2024

    Sandi Gentry

    RE/MAX Michigan

    (616) 935-1150

    1 in this area

    1,265 Total Sales

    Sandi Gentry
    Section Image
  • Brenda Beach

    Buyer's Agent in 2024

    Brenda Beach

    Stark Real Estate

    (231) 740-1969

    1 in this area

    14 Total Sales

    Brenda Beach
    Section Image
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Map

Source: MichRIC

MLS Number: 24052188

MichRIC

APN: 19-19-105-011

Michigan Newaygo County Newaygo 49337

95 E Water St, Newaygo, MI

Not Listed for Sale

MultiFamily

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