NOT LISTED FOR SALE

999 West St Three Rivers, MI 49093

Estimated Value: $208,000 - $262,000

Studio
1 Bath
-- Sq Ft
1.8 Acres

Last Sold May 07, 2018

Last sale price $497,500

Current estimated payment $1,366/month

81 Days on Market

Highlights

  • 1.8 Acre Lot
  • Level Lot
  • 5-minute walk to Bowman Park
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2018

Fantastic investment opportunity! Condo community for sale. 8 recently updated townhouse style units on 1.8 acres with city sewer and water in Three Rivers. Fully rented. Seven 2 bedroom units and one 3 bedroom unit. There is plenty of room for expansion. Conveniently located to highway, shopping, and restaurants.

Last Agent to Sell the Property

Patrick O'Brien

O'Brien Real Estate License #6502102326 Listed on: 12/29/2017

Last Buyer's Agent

Justin Rarick

Five Star Real Estate License #6506043605

Five Star Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,103

Year Built

  • Built in 1981

Lot Details

  • 1.8 Acre Lot
  • Lot Dimensions are 450x170x30x30x130x30x160
  • Level Lot

Parking

  • 16 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Phone Connected

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,103

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1981
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 450x170x30x30x130x30x160
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 10102.69
  • General Property Info:Total _pound_ Units: 8
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: 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
  • Utilities Attached:Telephone Line: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 525000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 16.0
  • General Property Info:Total Parking Spaces: 16.0

Utilities

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

Lot Info

  • Lot Size Acres: 1.8
  • Lot Size Area: 1.8
  • Lot Size Sq Ft: 78408.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 10102.69
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2025
Sold by
Rsm-1 Llc
Bought by
Arrow 6 Llc
Current Estimated Value
$243,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,000
Outstanding Balance
$469,090
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$226,090

Purchase Details

Listed on
Dec 29, 2017
Closed on
May 7, 2018
Sold by
Kerney R Howard and Kerney Hildegard U
Bought by
Rsm I Llc
Seller's Agent
Patrick O'Brien
O'Brien Real Estate
Buyer's Agent
Justin Rarick
Five Star Real Estate
List Price
$525,000
Sold Price
$497,500
Premium/Discount to List
-$27,500
-5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.87%
Original Mortgage
$373,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 11, 1989
Sold by
Old Kent Bank Of Kalamazoo
Bought by
Kerney Kerney R and Kerney Hildegard U
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
Arrow 6 Llc -- None Listed On Document
Rsm I Llc $497,500 None Available
Kerney Kerney R $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arrow 6 Llc $472,000
Previous Owner Rsm I Llc $373,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2018 05/07/18 Sold $497,500 -5.2% --
03/20/2018 03/20/18 Pending -- -- --
12/29/2017 12/29/17 For Sale $525,000 -- --
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 $1,295 $51,100 $4,100 $47,000
2024 $1,258 $45,600 $3,100 $42,500
2023 $1,199 $39,000 $2,500 $36,500
2022 $1,142 $36,200 $2,500 $33,700
2021 $1,803 $34,300 $2,400 $31,900
2020 $1,901 $31,000 $2,400 $28,600
2019 $1,747 $27,400 $1,800 $25,600
2018 $1,490 $29,200 $6,300 $22,900
2017 $1,465 $29,700 $29,700 $0
2016 -- $29,200 $29,200 $0
2015 -- $27,200 $0 $0
2014 -- $28,100 $28,100 $0
2012 -- $26,800 $26,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick O'Brien

    Seller's Agent in 2018

    Patrick O'Brien

    O'Brien Real Estate

    (269) 207-7446

    1 in this area

    276 Total Sales

    Patrick O'Brien
    Section Image

  • J

    Buyer's Agent in 2018

    Justin Rarick

    Five Star Real Estate

    Section Image
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Map

Source: MichRIC

MLS Number: 17060192

MichRIC

APN: 051-125-017-02

Michigan St. Joseph County Three Rivers 49093

999 West St, Three Rivers, MI

Not Listed for Sale

MultiFamily

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