NOT LISTED FOR SALE
32 Beds
28 Baths
-- Sq Ft
1930 Built

Last Sold September 30, 2022

Last sale price $515,000

18 Days on Market

About This Home

As of September 2022

Very well maintained cash flowing asset! Building totals eight units which features four over sized one bedroom apartments and four over sized two bedroom apartments. Units are spacious. Property is fully occupied, government funded tenant programs in place for most of the units. Low expenses!

Last Agent to Sell the Property

Tameka McClellon

Tameka McClellon License #471022512 Listed on: 08/22/2022

Last Buyer's Agent

Tameka McClellon

Tameka McClellon License #471022512 Listed on: 08/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,854

Year Built

  • Built in 1930

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 28 Bathrooms

Additional Features

  • 2-Story Property
  • Additional Parcels
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $240
  • Fuel Expense $9,167
  • Insurance Expense $2,847
  • Maintenance Expense $1,884
  • Other Expense $1,900
  • Trash Expense $100
  • Water Sewer Expense $490
  • Operating Expense $27,059
  • Gross Income $84,936
  • Net Operating Income $57,877

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,854

Year Built

Built in 1930

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1930
  • 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: 28
  • Total Bedrooms: 32
  • Room: 4

Utilities

  • Heat/Ventilation: Central Bldg Heat

Fee Information

  • Trash Expense: 100
  • Water Sewer Expenses: 490

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 3596
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 57877
  • Fuel Expense: 9167
  • Insurance Expense: 2847
  • ElectricExpense: 240
  • GrossIncome: 84936
  • Maintenance Expense: 1884
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 27059
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 5854
  • 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
09/30/2022 09/30/22 Sold $515,000 -6.4% --
09/11/2022 09/11/22 Price Changed $550,000 -4.3% --
09/10/2022 09/10/22 Pending -- -- --
08/22/2022 08/22/22 Price Changed $575,000 -0.9% --
08/22/2022 08/22/22 For Sale $580,000 -- --
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 $5,809 $25,673 $4,495 $21,178
2024 $5,809 $25,673 $4,495 $21,178
2023 $5,662 $27,532 $3,956 $23,576
2022 $5,662 $27,532 $3,956 $23,576
2021 $5,536 $27,530 $3,955 $23,575
2020 $5,855 $26,282 $3,955 $22,327
2019 $5,280 $26,282 $3,955 $22,327
2018 $5,192 $26,282 $3,955 $22,327
2017 $4,873 $22,638 $3,236 $19,402
2016 $4,534 $22,638 $3,236 $19,402
2015 $4,148 $22,638 $3,236 $19,402
2014 $3,799 $20,473 $2,697 $17,776
2013 $3,724 $20,473 $2,697 $17,776
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 11610662

Midwest Real Estate Data (MRED)

APN: 20274160200000

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