Sold
Last Sold Price
10 beds4,576 sqft$93/sqft
2034 John R Road, Troy, MI 48083
Multi FamilyProperty Type
0.27 acresLot Size
1955Year Built
$93/sq ftPrice per sq ft

Description

Here’s the investment opportunity you’ve been searching for! If you’ve been thinking about purchasing a rental property, this is a fantastic place to start. If you’re already a landlord, this building is a rare opportunity to expand your portfolio at an incredible price point. Containing four (4) 1BR/1BA apartments plus three (3) 2BR/1BA apartments, you’ll have seven income-bearing units under one roof (which makes maintaining your investment that much simpler). Each unit has baseboard heating; boilers...Here’s the investment opportunity you’ve been searching for! If you’ve been thinking about purchasing a rental property, this is a fantastic place to start. If you’re already a landlord, this building is a rare opportunity to expand your portfolio at an incredible price point. Containing four (4) 1BR/1BA apartments plus three (3) 2BR/1BA apartments, you’ll have seven income-bearing units under one roof (which makes maintaining your investment that much simpler). Each unit has baseboard heating; boilers were both replaced in the last two years. All appliances stay! Property is right in the middle of all Troy has to offer - groceries, medical care, shopping and entertainment. This opportunity will not last long!
  • Listed by: Dale Baker 248.398.9200 dbaker@m1realty.net Brokerage DRE #6505383995 • M1 Realty, Inc
Listing closed: 10/25/2019 12:00 AM • Source: Realcomp, MLS#: 218113152

Location

Listing Courtesy of M1 Realty, Inc

Sold By M1 Realty, Inc

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Payment Calculator

$2,416 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,160

Property Taxes

$256

HOA Dues

$0

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Property Information for 2034 John R Road

Property Details
  • Taxes: $3,068 / year
  • MLS Type: Residential Income / Multi Family
  • Subdivision Name: SUSSEX PARK
  • Architectural Style: Upper Lower Apartment
  • Waterfront: No
  • Zoning Description: Multi-Family
Building Information
  • Residences: 7
  • Year Built: 1955
  • Lot Size: 0.27 AC / 11,761 SF
Summary
Location and General Information
  • Directions: North Of Maple, West Of Dequindre
  • Latitude: 42.553866
  • Longitude: -83.107452
  • Cross Street: n of Maple/w of Dequidre
  • MLS Area Major: Troy (63202)
Taxes and HOA
  • Parcel Number: 2025303049
  • Tax Amount Summer: $2,962.00
  • Tax Amount Winter: $106.00
  • Tax Annual Amount: $3,068.00
  • Tax Assessed Value: $61,810.00
  • Tax Legal Description: T2N, R11E, SEC 25 SUSSEX PARK LOTS 28 TO 32 INCL 12-20-91 TRAN FR 307-001 12-20-91 CORR 10-19-93 CORR
School Information
  • High School District: Warren Con
Property
Lot Information
  • Lot Size Acres: 0.27
  • Lot Size Area: 0.27
  • Lot Size Dimensions: 125.00X93.00
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 93020.0
  • Living Area: 4576.0
  • Building Area Total: 4576.0
  • Above Grade Finished Area: 4576.0
  • Above Grade Finished Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Year Built: 1955
Building Features
  • Construction Materials: Brick
  • Foundation Details: Poured, Slab
  • Levels: Three
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 7.0
  • Has Basement: No
  • Bathrooms Full: 7
  • Bathrooms Total Integer: 7
  • Cooling: Window Units
  • Has Cooling: Yes
  • Heating: Baseboard, Natural Gas
  • Has Heating: Yes
  • UnitOneBedNumberOf: 4
  • UnitTwoBedNumberOf: 3
Multi Family
Multi Family Information
  • Number of Units Leased: 7
  • Number of Units Total: 7
  • Unit Records: 7
Income & Expenses
  • Gross Scheduled Income: $59,040.00
  • Net Operating Income: $48,900.00
Unit Information
Unit 1
  • Actual Rent: $660.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 653.0
  • Type: One Bedroom
Unit 2
  • Actual Rent: $575.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 653.0
  • Type: One Bedroom
Unit 3
  • Actual Rent: $690.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 653.0
  • Type: One Bedroom
Unit 4
  • Actual Rent: $695.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 653.0
  • Type: One Bedroom
Unit 5
  • Actual Rent: $725.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 653.0
  • Type: Two Bedroom
Unit 6
  • Actual Rent: $750.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 653.0
  • Type: Two Bedroom
Unit 7
  • Actual Rent: $825.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 653.0
  • Type: Two Bedroom
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $4,920.00

Property History for 2034 John R Road

DateEvent & SourcePriceAppreciation
Oct 25, 2019

Sold

Realcomp #218113152

$425,000
Oct 25, 2019

Sold

MiRealSource #21530687

$425,000
Sep 16, 2019

Contract Signed

Realcomp #218113152

DateEvent & SourcePrice
10/25/2019

Sold

Realcomp #218113152

$425,000
10/25/2019

Sold

MiRealSource #21530687

$425,000
09/16/2019

Contract Signed

Realcomp #218113152

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

Public Records for 2034 John R Road

Taxable ValueLand-Additions-Total-
Tax Record2022$5,359 ($447 / month)
Home Facts
Baths1Total Finished SqFt4,576 SqFtAbove Grade Finished SqFt4,576 SqFtStories1Lot Size10,019 SqFtStyleMiscellaneous CommercialYear Built2000ZoningR-1ECountyOAKLANDAPN88-20-25-303-049

Schools near 2034 John R Road

This home is within Warren Consolidated Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Susick Elementary School
PublicPK to 5

Grissom Middle School
Public6 to 8

Sterling Heights Senior High School
Public9 to 12

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 M1 Realty, Inc

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