NOT LISTED FOR SALE
22 Beds
13 Baths
-- Sq Ft
40,511 Sq Ft Lot

Last Sold October 30, 2020

Last sale price $1,090,000

145 Days on Market

About This Home

As of October 2020

Get your piece of the red hot Sycamore rental market. This 17 unit investment property is two buildings consisting of 11-two bedroom apartments and 6 commercial spaces. Each two bedroom apartment is approx 700 sq. ft. with central air and a dishwasher. Each building has a laundry room with 4 newer (8 total) coin opp machines for additional income. All apartments and all commercial units are leased. These are professionally maintained buildings with a great rental income, and a great rental history. Listing agent is the owner.

Last Agent to Sell the Property

Jeff Patton

J & A Real Estate License #471000316 Listed on: 03/19/2020

Last Buyer's Agent

Lee Ann Lucas

RE/MAX Liberty License #471015167

RE/MAX Liberty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1996

Lot Details

  • 0.93

Utilities

  • Central Air

Community Details

  • Fuel Expense $612
  • Insurance Expense $5,044

Listing and Financial Details

  • Tenant pays for air conditioning, electric, heat

Property Details

Home Type

Multi-Family

Year Built

1996

Lot Details

0.93 Acres

Listing Details

  • Property Type: Multi Family 5+
  • Estimated Age: 16-25 Years
  • Net Operating Income Year: 2019
  • Net Oper Income: 100110
  • Outdoor Parking: 19-30 Spaces
  • Repairs Decor Expense: 2000
  • Scavenger Expense: 1060
  • Total Annual Exp: 48750
  • Total Annual Income: 148860
  • Total Monthly Income: 12405
  • Number Of Disposals: 6
  • Number of Ranges: 11
  • Number Of Refrigs: 11
  • Number Of Stories: 2
  • Estimated Year Built: 1996
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1996

Exterior Features

  • Acreage: 0.93

Garage/Parking

  • Indoor Parking: 6-12 Spaces
  • Number Of Parking Spaces: 30

Utilities

  • Air Conditioner: Central Air, Central Individual
  • Heatventilation: Forced Air, Gas
  • Water Expense: 5204

Condo/Co-op/Association

  • Units in Building: 17

Fee Information

  • Electricity Expense: 1816

Lot Info

  • Lot Dimensions: 270X150
  • Parcel Identification Number: 0905104006

Rental Info

  • Gross Rental Income: 148860
  • Tenant Pays: Air Conditioning, Electric, Heat

Multi Family

  • Expense Year: 2019
  • Fuel Expense: 612
  • Insurance Expense: 5044
  • Number Of Dishwashers: 11
  • Number Of Dryers: 4
  • Number Of Washers: 4

Tax Info

  • Taxes: 33014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2020
Closed on
Oct 30, 2020
Sold by
Patton Jeff and Patton Angie
Bought by
Wyman Properties Llc
Seller's Agent
Jeff Patton
J & A Real Estate
Buyer's Agent
Lee Ann Lucas
RE/MAX Liberty
List Price
$1,249,000
Sold Price
$1,090,000
Premium/Discount to List
-$159,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Outstanding Balance
$557,159
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2006
Sold by
National Bk Tst Sycamore
Bought by
Patton Jeff and Patton Angie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.37%
Mortgage Type
Commercial
Source: Public Records
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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
Wyman Properties Llc $1,065,000 None Available
Patton Jeff $1,040,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wyman Properties Llc $625,000
Previous Owner Patton Jeff $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $1,090,000 -9.1% --
08/11/2020 08/11/20 Pending -- -- --
06/15/2020 06/15/20 Price Changed $1,199,000 -4.0% --
03/19/2020 03/19/20 For Sale $1,249,000 -- --
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
2024 $16,152 $193,327 $33,545 $159,782
2023 $16,152 $180,866 $31,383 $149,483
2022 $16,143 $172,615 $29,951 $142,664
2021 $14,538 $152,663 $28,517 $124,146
2020 $15,831 $164,086 $27,627 $136,459
2019 $15,296 $157,201 $26,468 $130,733
2018 $14,728 $148,667 $25,031 $123,636
2017 $14,293 $141,534 $23,830 $117,704
2016 $13,799 $133,021 $22,397 $110,624
2015 -- $124,914 $21,032 $103,882
2014 -- $120,226 $20,243 $99,983
2013 -- $124,586 $20,977 $103,609
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10672848

Midwest Real Estate Data (MRED)

APN: 09-05-104-006

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