NOT LISTED FOR SALE
86 Beds
86 Baths
38,012 Sq Ft
3.5 Acres

Last Sold February 10, 2017

71 Days on Market

About This Home

As of February 2017

Package of 43 townhome condominium units in a 50 unit complex. Leased with stable tenancy. Majority of units have been renovated in past few years. Operating at an 8.25% cap rate on trailing 12 mos income/expenses (real expenses), 15-16% cash-on-cash returns, virtually unheard of in this very hot apartment market. Over $400,000 in recent capital improvements/renovations. Buyer will control the condo association. Very attractive townhome product, 2 bedrooms upstairs, half bath first floor, full bath 2nd floor, and a finished rec room in the private basement (which is not included in unit SqFt). Full masonry low-density duplex buildings on a cul-de-sac street, like owning your own neighborhood! Private laundry in each basement/lower level. Great central location right on the Overland/St. Ann border. Buder elementary school is 2 blocks down the street, super-convenient for tenants with kids. Will not last.

Last Agent to Sell the Property

Paul Cunningham

RE/MAX Results License #2000150563 Listed on: 11/16/2016

RE/MAX Results

Co-Listed By

Ken Aston

Berkadia Real Estate Advisors License #2013008591

Last Buyer's Agent

Paul Cunningham

RE/MAX Results License #2000150563 Listed on: 11/16/2016

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Year Built

  • 1968

Lot Details

  • 3.5

Home Design

  • Updated or Remodeled

Parking

  • 2 Parking Spaces Included
  • Over 1 Space Per Unit
  • On-Street Parking
  • Parking Lot

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Additional Features

  • Laundry in unit
  • 3.5 Acre Lot
  • Suburban Location

Community Details

  • 22 Buildings

Listing and Financial Details

  • Tenant pays for cable tv/satellite, electric, gas, trash removal

Property Details

Home Type

Multi-Family

Year Built

1968

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Cross Street: Baltimore
  • Municipality Township: St. Ann
  • Special Description: Renovated
  • Age: 47
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Laundry: Prvt Laund all units

Exterior Features

  • Exterior Features: Brick/Stone Msn Pred

Garage/Parking

  • Parking: 2+ Space/Unit, On Street Parking, Parking Lot

Utilities

  • Cooling: Central-Electric
  • Heating: Forced Air, Individual Furnaces
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: irreg
  • Lot Sq Ft: 152460
  • Location: Suburban

Rental Info

  • Tenancy Type: Leases
  • Tenant Pays: Cable TV/Satellite, Electric, Gas, Trash Removal

Multi Family

  • Building Number: 22
  • Gross Operating Income: 399032.00
  • Total Expenses: 192895.00

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
02/10/2017 02/10/17 Sold -- -- --
11/16/2016 11/16/16 For Sale $2,500,000 -- $66 / Sq Ft
Source: MARIS MLS

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 $27,319 $333,280 $83,600 $249,680
2024 $27,319 $281,200 $20,900 $260,300
2023 $27,319 $281,200 $20,900 $260,300
2022 $28,963 $281,200 $4,240 $276,960
2021 $28,946 $236,310 $4,240 $232,070
2020 $26,781 $238,700 $4,090 $234,610
2019 $26,488 $238,700 $4,090 $234,610
2018 $27,118 $219,910 $5,020 $214,890
Source: Public Records

Agents Affiliated with this Home

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Source: MARIS MLS

MLS Number: MIS16079095

MARIS MLS

APN: 14L-4-2-250-1