NOT LISTED FOR SALE
6 Beds
5 Baths
-- Sq Ft
1926 Built

Last Sold May 09, 2022

Last sale price $420,000

34 Days on Market

About This Home

As of May 2022

Investors dream- Fully rented and generating a 7.5 GRM on your investment right off the bat.******* Brick 5 unit Turn key investment Two units were completed remodeling in 2021 with Kitchen, New Bath and new carpeting***** (4) one bedroom units each with Living Room, Kitchen, Full Bath ** Garden unit offers 2 Bedrooms with closets, Living Room, Dining Room, Kitchen and full bath. Each tenant has 1 parking space. Low maintenance, high cash-flow, 100% occupancy with generous rentals. Mid-rise in excellent location, closing to shopping, transport, etc. Just few miles from everything with easy access to transportation, dining, and shopping. These units are super easy to rent. Newly reinforced rear porch village approved, roof repaired (2020)

Last Agent to Sell the Property

Giovanni Arenella

Century 21 Circle License #475132432 Listed on: 01/21/2022

Century 21 Circle

Last Buyer's Agent

Laura Catrambone-Gerace

Coldwell Banker Stratford Place License #471019032

Coldwell Banker Stratford Place

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,236

Year Built

  • Built in 1926

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Rubber Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Additional Features

  • 2-Story Property
  • Lot Dimensions are 42x120

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $390
  • Fuel Expense $3,900
  • Insurance Expense $2,200
  • Other Expense $1,200
  • Water Sewer Expense $2,160
  • Operating Expense $16,696
  • Gross Income $56,700
  • Net Operating Income $40,004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,236

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Four Plus One
  • Stories: 2
  • Year Built: 1926
  • Built Before 1978 (Y/N): Yes
  • Information: None
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Refrigerators: 5
  • Ranges: 5
  • Room: 0

Exterior Features

  • Roof: Rubber
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 1-5 Spaces

Utilities

  • Cooling: Window Unit(s)
  • Heat/Ventilation: Central Bldg Heat,Gas,Hot Water,Baseboard
  • Leased Washer Dryer YN: Yes

Fee Information

  • Water Sewer Expenses: 2160

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 42X120
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 40004
  • Fuel Expense: 3900
  • Insurance Expense: 2200
  • ElectricExpense: 390
  • GrossIncome: 56700
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 16696
  • Type Multi-Family: Four Plus One

Tax Info

  • Tax Annual Amount: 7236.26
  • Tax Year: 2020
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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 Prior Sale
05/09/2022 05/09/22 Sold $420,000 -1.2% --
02/25/2022 02/25/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $425,000 +26.9% --
08/27/2020 08/27/20 Sold $335,000 -6.7% -- View Prior Sale
06/15/2020 06/15/20 Pending -- -- --
06/01/2020 06/01/20 Price Changed $359,000 -9.1% --
03/04/2020 03/04/20 For Sale $395,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $11,829 $43,000 $2,250 $40,750
2024 $11,829 $43,000 $2,250 $40,750
2023 $7,707 $43,000 $2,250 $40,750
2022 $7,707 $23,167 $1,781 $21,386
2021 $7,426 $23,167 $1,781 $21,386
2020 $7,236 $23,167 $1,781 $21,386
2019 $8,353 $24,236 $1,593 $22,643
2018 $8,088 $24,236 $1,593 $22,643
2017 $7,979 $24,236 $1,593 $22,643
2016 $8,161 $23,446 $1,406 $22,040
2015 $8,057 $23,446 $1,406 $22,040
2014 $7,834 $23,446 $1,406 $22,040
2013 $7,765 $25,192 $1,406 $23,786
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11309153

Midwest Real Estate Data (MRED)