NOT LISTED FOR SALE
16 Beds
-- Bath
20,773 Sq Ft
0.32 Acres

Last Sold July 18, 2014

About This Home

As of July 2014

This stately apartment building built in 1928 located in the heart of Richmond Heights has not been to market for over 30 years, this is a rare and unique opportunity to own a building with architectural design and character while at the same time having plenty of upside. Located behind St. Mary's hospital and close to everything.
Building consists of 16-1bedroom units with 3-4 total rooms, kitchens updated in the 80's, all units have window units and gas forced air heat.
Building has underground parking for between approximately 8 cars. Basement has 10+ft ceilings and storage lockers for all tenants.
Seller reserves the right to go highest and best if a multiple offer situation occurs.
Call listing agent for details.
Do not disturb tenants as are unaware of sale.
Showings must be scheduled with 24 hrs advance notice. M-F 9-4:30p.
Offers must submitted using a Special Sales contract with proof of funds or pre approval.

Last Agent to Sell the Property

Nicholas Smyrniotis

Apartment Advisors of America LLC License #2002012076 Listed on: 05/11/2014

Last Buyer's Agent

Nicholas Smyrniotis

Apartment Advisors of America LLC License #2002012076 Listed on: 05/11/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • 1924

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 92x150
  • Corner Lot

Parking

  • 1 Parking Space Included

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for electric, gas

Property Details

Home Type

Multi-Family

Year Built

1924

Lot Details

0

Listing Details

  • Sale Includes: Building & Land
  • Cross Street: West Park
  • Municipality Township: Richmond Heights
  • Age: 86
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Garage/Parking

  • Parking: 1 Space/Unit

Utilities

  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 92x150
  • Lot Sq Ft: 13939
  • Location: Corner Location

Rental Info

  • Tenancy Type: Leases, Month To Month
  • Tenant Pays: Electric, Gas

Multi Family

  • Building Number: 1
  • Gross Operating Income: 104640.00

Range of Values:

--
Value Increase
--
Percent Increase
--
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
07/18/2014 07/18/14 Sold -- -- --
07/18/2014 07/18/14 Pending -- -- --
07/18/2014 07/18/14 For Sale $899,900 -- $43 / 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 $11,874 $230,430 $228,000 $2,430
2024 $11,874 $158,080 $106,400 $51,680
2023 $11,769 $158,080 $106,400 $51,680
2022 $11,238 $139,230 $106,400 $32,830
2021 $11,040 $139,230 $106,400 $32,830
2020 $11,575 $138,420 $30,400 $108,020
2019 $11,579 $138,420 $30,400 $108,020
2018 $11,843 $128,480 $30,400 $98,080
2017 $11,760 $128,480 $30,400 $98,080
2016 $11,038 $116,320 $30,400 $85,920
Source: Public Records

Agents Affiliated with this Home

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Source: MARIS MLS

MLS Number: MIS14025990

MARIS MLS

APN: 20J-6-1-032-1