Sold
Last Sold Price
6 beds3,600 sqft
3501 Thomas Road, Oxford, MI 48371
Multi FamilyProperty Type
0.5 acresLot Size
1800Year Built
$82/sq ftPrice per sq ft
8 carsParking Spaces

Description

One of a kind unique…Excellent turn-key investment opportunity! Hard to find 5 unit rental with historic curb appeal. Many updates, everything has been done to make this an excellent income property. All 5 units are currently rented with 1 year leases. 4 - 1 bed., and 1 - 2 bed. unit, Just take over the current leases/tenants & collect your income. Paved parking spaces, new roof, new mechanical's, (new well pump 6/2019), boiler, hot water tanks, sump pump., appliances (stoves /Refrigerators), roof,...One of a kind unique…Excellent turn-key investment opportunity! Hard to find 5 unit rental with historic curb appeal. Many updates, everything has been done to make this an excellent income property. All 5 units are currently rented with 1 year leases. 4 - 1 bed., and 1 - 2 bed. unit, Just take over the current leases/tenants & collect your income. Paved parking spaces, new roof, new mechanical's, (new well pump 6/2019), boiler, hot water tanks, sump pump., appliances (stoves /Refrigerators), roof, exterior, porch & stairs, windows, sidewalks, whole building water conditioning system, etc. Lots of prime road frontage on M-24 across from commercial. Great location, easy access to all major commute routes. All units have private entrances, kitchen, bath, bedroom, & living area. The charm & character of this historic building remains. Large private yard. High speed internet, cable & phone available. Current owner licensed Real Estate Agent. Batvai
  • Listed by: Patricia L Banfield 248.628.5800 ladyluck@tir.com Brokerage DRE #6505266681 • Willowdale Realty & Dev
Listing closed: 08/07/2020 12:00 AM • Source: Realcomp, MLS#: 2200012237

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Location

Listing Courtesy of Willowdale Realty & Dev

Sold By Max Broock, REALTORS®-Birmingham

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Payment Calculator

$2,050 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,575

Property Taxes

$475

HOA Dues

$0

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Property Information for 3501 Thomas Road

Property Details
  • Taxes: $5,700 / year
  • MLS Type: Residential Income / Multi Family
  • Architectural Style: Farmhouse, Upper Lower Apartment
  • Waterfront: No
  • Zoning Description: Multi-Family
Building Information
  • Residences: 5
  • Year Built: 1800
  • Lot Size: 0.50 AC / 21,780 SF
Summary
Location and General Information
  • Directions: M24 (Lapeer Rd.) N. to Corner of Thomas ans M24
  • Latitude: 42.876237
  • Longitude: -83.30113
  • Township: Oakland Oxford Twp
  • Cross Street: s of oakwood/w of Ludwig
  • MLS Area Major: Oxford Twp (63041)
  • Water Body Name: Stoney Creek
  • Direction Faces: West
Taxes and HOA
  • Parcel Number: 0405276002
  • Tax Amount Summer: $2,800.00
  • Tax Amount Winter: $2,900.00
  • Tax Annual Amount: $5,700.00
  • Tax Assessed Value: $72,220.00
  • Tax Legal Description: T5N, R10E, SEC 5 PART OF E 1/2 OF SEC BEG AT PT DIST N 01-52-50 E 2600 FT FROM SE SEC COR, TH N 86-05-32 W 196.65 FT, TH N 04-15-15 E 196.96 FT, TH S 86-59-38 E TO E SEC LINE, TH S 02-02-30 E TO BEG EXC THAT PART TAKEN FOR HWY M-24 0.50 A P69A
School Information
  • High School District: Oxford
Parking
  • Parking Total: 8.0
  • Parking Features: Assigned, Lighted, Paved
Virtual Tour
Property
Lot Information
  • Frontage Length: 88.0
  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Dimensions: 196x88x196x196
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Feet: 88
  • Road Frontage Type: Gravel, Paved
  • Road Surface Type: Gravel, Paved
Property and Assessments
  • State Equalized Value: 98180.0
  • Living Area: 3600.0
  • Building Area Total: 3500.0
  • Above Grade Finished Area: 3500.0
  • Below Grade Finished Area: 100.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 1000.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Estimated
  • Living Area Units: Square Feet
  • Year Built: 1800
Building Features
  • Construction Materials: Stone, Vinyl Siding
  • Foundation Details: Basement, Michigan Basement, Stone
  • Levels: Two
  • Year Remodeled: 2009
  • Roof: Asphalt, Composition
  • Stories Total: 2
Utilities
  • Electric: Utility Smart Meter
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Community, Well
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 5.0
  • Appliances: Water Softener Rented
  • Basement: Private, Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Cooling: Ceiling Fans, Separate Meters
  • Has Cooling: Yes
  • Heating: Baseboard, Electric, Hot Water, Natural Gas, Zoned
  • Has Heating: Yes
  • Interior Features: High Speed Internet
  • Security Features: Carbon Monoxide Detectors
  • Water Heater Fuel: Electric, Separate Meters
  • UnitOneBedNumberOf: 4
  • UnitTwoBedNumberOf: 1
Exterior Features
  • Exterior Features: Awnings, Lighting, Private Entrance
Multi Family
Multi Family Information
  • Number of Units Leased: 5
  • Number of Units Total: 5
  • Unit Records: 5
Income & Expenses
  • Gross Scheduled Income: $34,800.00
  • Net Operating Income: $30,000.00
Unit Information
Unit 1
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 750.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 2
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 750.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 3
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 450.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 4
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 450.0
  • Type: One Bedroom
  • Total Units: 1.0
Unit 5
  • Actual Rent: $700.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 550.0
  • Type: Two Bedroom
  • Total Units: 1.0
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $2,900.00
  • Existing Lease: No
  • Pets Allowed: No

Property History for 3501 Thomas Road

DateEvent & SourcePriceAppreciation
Aug 7, 2020

Sold (Public Record)

Public Record #676333059

$295,000—
Aug 7, 2020

Sold (Public Record)

Public Record #676333059

$295,000

+18.2% / yr

Aug 7, 2020

Sold

Realcomp #2200012237

$295,000—
DateEvent & SourcePrice
08/07/2020

Sold (Public Record)

Public Record #676333059

$295,000
08/07/2020

Sold (Public Record)

Public Record #676333059

$295,000

+18.2% / yr

08/07/2020

Sold

Realcomp #2200012237

$295,000

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

Public Records for 3501 Thomas Road

Taxable ValueLand-Additions-Total-
Tax Record2024$7,208 ($601 / month)
Home Facts
Baths5Total Finished SqFt5,438 SqFtAbove Grade Finished SqFt3,439 SqFtFinished Basement SqFt1,999 SqFtUnfinished Basement SqFt1,999 SqFtStories1Lot Size21,780 SqFtStyleMulti-Family Dwelling (2-4)Year Built1935Year Renovated2009ZoningSICountyOAKLANDAPNP -04-05-276-002

Schools near 3501 Thomas Road

This home is within Oxford Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Daniel Axford Elementary School
PublicPK to 2

Oxford Elementary School
Public3 to 5

Oxford Area Middle School
Public6 to 8

Oxford 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 Willowdale Realty & Dev

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