NOT LISTED FOR SALE
11 Beds
4 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold September 27, 2018

Last sale price $418,000

27 Days on Market

Highlights

  • 2.5 Car Detached Garage
  • Argo Community High School Rated A-
  • Two Heating Systems

About This Home

As of September 2018

GREAT INVESTMENT OPPORTUNITY~~~TOWNHOUSE STYLE FOUR UNIT BUILDING~~EACH UNIT WITH THREE LEVELS~~FINISHED BASEMENT AND LAUNDRY ROOM IN EACH UNIT~~PRIVATE ENTRANCE ~~SPACIOUS PARKING ~~ALL UNITS ARE OCCUPIED WITH SOME LONG TERM TENANTS.

Last Agent to Sell the Property

Suhair Daghash

Itim Connect Realty LLC License #475136171 Listed on: 07/14/2018

Last Buyer's Agent

Kevin Kwit

Realty Executives Elite License #475145693

Realty Executives Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,297

Year Built

  • Built in 1972

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50x170

Parking

  • 2.5 Car Detached Garage
  • Parking Space is Owned
  • Unassigned Parking

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Potential Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $55,800
  • Net Operating Income $51,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,297

Year Built

Built in 1972

Lot Details

8,276 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1972
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 11
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Window Air Conditioner

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Unassigned
  • ParkingTotal: 8.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air, Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 4800

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 50X170
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 51000
  • GrossIncome: 55800
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,Duplex Side by Side

Tax Info

  • Tax Annual Amount: 17297.3
  • Tax Year: 2017
  • Tax Exemptions: None
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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
09/27/2018 09/27/18 Sold $418,000 -6.9% --
08/10/2018 08/10/18 Pending -- -- --
08/07/2018 08/07/18 For Sale $449,000 0.0% --
07/26/2018 07/26/18 Pending -- -- --
07/26/2018 07/26/18 For Sale $449,000 0.0% --
07/17/2018 07/17/18 Pending -- -- --
07/14/2018 07/14/18 For Sale $449,000 -- --
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 $13,091 $42,636 $4,888 $37,748
2024 $13,091 $42,636 $4,888 $37,748
2023 $12,635 $42,636 $4,888 $37,748
2022 $12,635 $31,191 $4,250 $26,941
2021 $12,452 $31,191 $4,250 $26,941
2020 $12,100 $31,191 $4,250 $26,941
2019 $14,139 $34,820 $3,825 $30,995
2018 $15,208 $38,671 $3,825 $34,846
2017 $17,297 $44,103 $3,825 $40,278
2016 $13,362 $30,933 $3,400 $27,533
2015 $12,513 $30,933 $3,400 $27,533
2014 $12,274 $30,933 $3,400 $27,533
2013 $12,206 $33,980 $3,400 $30,580
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 10018409

Midwest Real Estate Data (MRED)
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