Estimated payment $4,803/month
About This Home
Turn Key Investment opportunity with this 8 unit complex just about as close to campus as you can get! With rents ranging from $725-825, this property rarely has vacancies. 4 (2) bedroom units and 4 (1) bedroom units, laundry and parking on site, coin operated units and parking spots for each tenant in the lot. Tenants pay all utilities and electric and water separately metered. Fully occupied, good investment opportunity. Driveway redone 2023. Well maintained with misc updates being completed upon turn overs. Show with confidence.
Listing Agent
Weichert REALTORS Signature Professionals License #471001655 Listed on: 02/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,793
Home Design
- Vinyl Siding
Additional Features
- 2-Story Property
- Lot Dimensions are 76x257
- Heating Available
Community Details
Overview
- 8 Units
Building Details
- Electric Expense $1,400
- Fuel Expense $360
- Insurance Expense $4,805
- Maintenance Expense $900
- Other Expense $940
- Trash Expense $1,116
- Water Sewer Expense $120
- Operating Expense $25,433
- Gross Income $74,500
- Net Operating Income $44,681
Home Values in the Area
Average Home Value in this Area
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 | $15,730 | $191,654 | $14,067 | $177,587 |
| 2023 | $15,730 | $167,106 | $12,265 | $154,841 |
| 2022 | $15,418 | $152,567 | $13,997 | $138,570 |
| 2021 | $15,835 | $143,094 | $13,128 | $129,966 |
| 2020 | $16,192 | $140,813 | $12,919 | $127,894 |
| 2019 | $15,875 | $135,280 | $12,411 | $122,869 |
| 2018 | $15,501 | $130,693 | $11,990 | $118,703 |
| 2017 | $15,648 | $125,631 | $11,526 | $114,105 |
| 2016 | $15,475 | $122,459 | $11,235 | $111,224 |
| 2015 | -- | $111,013 | $10,645 | $100,368 |
| 2014 | -- | $112,441 | $10,782 | $101,659 |
| 2013 | -- | $118,111 | $11,326 | $106,785 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2025 02/10/25 | For Sale | $639,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $326,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | Future Advance Clause Open End Mortgage | |
| Open | $4,320,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12287768
APN: 08-22-251-004
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