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

Last Sold November 01, 2016

Last sale price $375,000

40 Days on Market

Highlights

  • 4 Car Detached Garage
  • Conrad Fischer Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of November 2016

Rarely available opportunity. 4 unit brick building located in a quiet neighborhood of single and multi family homes. Each unit has 2Bd/1Ba/Central A/C and Separate furnace. There is a 4 car garage and 4 additional parking spaces. Well maintained building has good cash flow and potential upside as long time tenants are paying BELOW market rents.

Last Agent to Sell the Property

Jack Disimone

L.W. Reedy Real Estate License #475120842 Listed on: 07/27/2016

L.W. Reedy Real Estate

Last Buyer's Agent

Michael Loiacono

Royce Group Real Estate Co. License #471005414

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,022

Year Built

  • Built in 1958

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 60 x 132

Parking

  • 4 Car Detached Garage
  • No Garage
  • Off-Street Parking
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Fischer Elementary School
  • Churchville Middle School
  • York Community High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 4 Units
  • Gross Income $39,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,022

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1958
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Central Air Conditioner,Garage/Space
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space
  • AppliancesAndFeatures: Stove,Refrigerator,Dishwasher,Central Air Conditioner,Garage/Space

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Off Street
  • ParkingTotal: 8
  • Garage Details: None/NA
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 19293

Schools

  • Elementary School: FISCHER ELEMENTARY SCHOOL
  • High School: YORK COMMUNITY HIGH SCHOOL
  • Middle/Junior School: CHURCHVILLE MIDDLE SCHOOL

Lot Info

  • Lot Size Acres: 0.19
  • Lot Dimensions: 60 X 132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Multi Family

  • GrossIncome: 39300
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 7022
  • Tax Year: 2015

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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
11/01/2016 11/01/16 Sold $375,000 -10.5% --
09/05/2016 09/05/16 Pending -- -- --
08/11/2016 08/11/16 Price Changed $419,000 -4.6% --
07/27/2016 07/27/16 For Sale $439,000 -- --
Source: Midwest Real Estate Data (MRED)

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
2024 $11,640 $159,613 $60,906 $98,707
2023 $11,123 $146,730 $55,990 $90,740
2022 $10,299 $135,100 $51,380 $83,720
2021 $9,811 $129,400 $49,210 $80,190
2020 $9,303 $123,950 $47,140 $76,810
2019 $8,944 $119,190 $45,330 $73,860
2018 $8,195 $107,890 $40,560 $67,330
2017 $7,994 $103,110 $38,760 $64,350
2016 $7,212 $95,200 $35,790 $59,410
2015 $7,022 $87,940 $33,060 $54,880
2014 $7,559 $89,800 $21,730 $68,070
2013 $7,462 $91,630 $22,170 $69,460
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 09299903

Midwest Real Estate Data (MRED)