Sold
Last Sold Price
12 beds5,076 sqft

127 Rathbone Street, Unit 131, Mount Clemens, MI 48043

Multi FamilyProperty Type
0.42 acresLot Size
1968Year Built
$138/sq ftPrice per sq ft

Description

Great investment opportunity! 12 unit multi-family unit is a great opportunity to generate extra income. Located near major roads, shopping and dining spots. Btvai.Great investment opportunity! 12 unit multi-family unit is a great opportunity to generate extra income. Located near major roads, shopping and dining spots. Btvai.
  • Listed by: Jeff Glover 734.259.1100 adminteam@gloveragency.com Brokerage DRE #6505324866 • KW Professionals
  • Listed by: Sean Konja 248.762.9186 seank@gloveragency.com Brokerage DRE #6505324866 • KW Professionals
Listing closed: 11/17/2021 12:00 AM • Source: Realcomp, MLS#: 2210068225
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Location

Listing Courtesy of KW Professionals

Sold By RE/MAX Metropolitan

Add your commute
Payment Calculator

$4,722 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,737

Property Taxes

$985

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.
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Property Information for 127 Rathbone Street, Unit 131

Property Details

  • Taxes: $11,817 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: A/P # 27 MT. CLEMENS
  • Architectural Style: Ranch
  • Waterfront: No
  • Zoning Description: Multi-Family

Building Information

  • Residences: 12
  • Year Built: 1968
  • Lot Size: 0.42 AC / 18,295 SF

Summary

Location and General Information
  • Directions: North of Rathbone & East of Avery
  • Latitude: 42.59242
  • Longitude: -82.86575
  • Cross Street: N of Rathbone/E of Avery
  • MLS Area Major: Mt Clemens (50013)
Taxes and HOA
  • Parcel Number: 1113176003
  • Tax Amount Summer: $11,548.00
  • Tax Amount Winter: $269.00
  • Tax Annual Amount: $11,817.00
  • Tax Assessed Value: $161,789.00
  • Tax Legal Description: ASSESSORS PLAT NO 27 W 10.0 FT LOT 7 EXC N 135.0 FT AND ALL OF LOT 8.
School Information
  • High School District: Mount Clemens

Property

Lot Information
  • Frontage Length: 143.0
  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Size Dimensions: 143.30X132.50
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Feet: 143
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 183000.0
  • Living Area: 5076.0
  • Building Area Total: 5076.0
  • Above Grade Finished Area: 5076.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 5076.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Year Built: 1968
Building Features
  • Construction Materials: Brick
  • Foundation Details: Basement, Poured
  • Levels: One
  • Stories Total: 1
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Interior and Exterior Features

Interior Features
  • Bathrooms Total Notational: 12.0
  • Basement: Common, Common Storage Locker
  • Has Basement: Yes
  • Bathrooms Full: 12
  • Bathrooms Total Integer: 12
  • Heating: Forced Air, Natural Gas
  • Has Heating: Yes
  • UnitOneBedNumberOf: 12

Multi Family

Multi Family Information
  • Number of Units Leased: 12
  • Number of Units Total: 12
Income & Expenses
  • Gross Scheduled Income: $84,960.00
  • Net Operating Income: $53,995.00

Agent

Sale and Listings
  • Public GLR Website: Yes

Rental

Rent Information
  • Monthly Rental Income: $7,080.00
  • Existing Lease: Yes
  • Pets Allowed: Call
  • Rent Spree: No

Property History for 127 Rathbone Street, Unit 131

DateEvent & SourcePriceAppreciation
Nov 17, 2021

Sold

MiRealSource #40212782

$700,000—
Nov 17, 2021

Sold

Realcomp #2210068225

$700,000—
Nov 15, 2021

Sold (Public Record)

Public Record #1504325130

$700,000—
DateEvent & SourcePrice
11/17/2021

Sold

MiRealSource #40212782

$700,000
11/17/2021

Sold

Realcomp #2210068225

$700,000
11/15/2021

Sold (Public Record)

Public Record #1504325130

$700,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

127 Rathbone Street, Unit 131

Total Finished SqFt

5,400 SqFt

Above Grade Finished SqFt

5,400 SqFt

Unfinished Basement SqFt

900 SqFt

Stories

2

Lot Size

18,295 SqFt

Style

Multi-Family Dwelling (2-4)

Schools near 127 Rathbone Street, Unit 131

This home is within Mount Clemens Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 8
Rating
School
Distance
Seminole Academy
PublicPK to 5

Mount Clemens Junior High School
Public6 to 8

Mount Clemens High School
Public9 to 12

St Mary Catholic School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of KW Professionals

IDX provided courtesy of Realcomp II Ltd. via Compass and its related brokerages. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The data relating to real estate properties on this website was last updated on 05/11/2024 06:32 PM PST