Last Sold Price
4580 Farrell Road, Unit COTTONWOOD FARM, Dexter, MI 48130

Description

8 Rental Units and 5.24 Acres, The original home was build it 1830 and is now divided into 3units (could be restored into a single family home for owner) 3 units in the 2nd home to west and 2 single family homes. The Craft building to the west of the Main home could be additional Rental space. there is a 4 stall garage/Barn used for storage. Great investment opportunity with Land Contract Terms of 1/3 down 1800 per mo. 6.5% interest Live free and let the tenants make the payments and expences.8 Rental Units and 5.24 Acres, The original home was build it 1830 and is now divided into 3units (could be restored into a single family home for owner) 3 units in the 2nd home to west and 2 single family homes. The Craft building to the west of the Main home could be additional Rental space. there is a 4 stall garage/Barn used for storage. Great investment opportunity with Land Contract Terms of 1/3 down 1800 per mo. 6.5% interest Live free and let the tenants make the payments and expences.
LISTING CLOSED: 08/30/2012 12:00 AM

  1. Listed by JENNIFER FLACK • C-21 Affiliated - Jackson
    P: (517) 945-8208 C: (517) 945-8208 jflack@c21affiliated.com

Property Details for 4580 Farrell Road, Unit COTTONWOOD FARM

Status
MLS #
55021035465
Days on Market
90
Taxes
$3,516 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1830
Lot Size
5.25 AC / 228,690 SF

Amenities

  • Parking Included
  • Partial Basement

Location

Listing Courtesy of C-21 Affiliated - Jackson

Sold By NON-MEMBER REALTOR 'SOLD'

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Building Information for 4580 Farrell Road, Unit COTTONWOOD FARM

Stories-Residences8Year Built1830Building Size-Lot Size5.25 AC / 228,690 SF

Payment Calculator

$1,462 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,169

Property Taxes

$293

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4580 Farrell Road, Unit COTTONWOOD FARM

Summary
Location and General Information
  • Directions: E. of Joy
  • Latitude: 42.363314
  • Longitude: -83.824617
  • MLS Area Major: Area04031Webster Twp
Taxes and HOA
  • Parcel Number: C00327100032
  • Tax Amount Summer: $3,515.61
  • Tax Annual Amount: $3,515.61
  • Tax Assessed Value: $70,079.00
  • Tax Legal Description: 5.25 Acres Section 27 T1S R5E
  • Tax Year: 11
School Information
  • High School District: Dexter
Parking
  • Parking Features: Gravel
Property
Lot Information
  • Lot Size Acres: 5.25
  • Lot Size Dimensions: 581x387x220x287102x408x23
  • Lot Features: Wooded
  • Road Surface Type: Unpaved Road
Property and Assessments
  • State Equalized Value: 193700.0
  • Class Name: Residential Income
  • Year Built: 1830
Building Features
  • Construction Materials: Aluminum Siding, Stone, Wood Siding
  • Foundation Details: Crawl Space, Partial Basement, Slab
Utilities
  • Sewer: Septic Tank
  • Water Source: Well
Interior and Exterior Features
Interior Features
  • Basement: Partial
  • Has Basement: Yes
  • Heating: Forced Air, Natural Gas, Oil, Propane, Space Heater
  • Has Heating: Yes
  • UnitOneBedNumberOf: 1
  • UnitTwoBedNumberOf: 5
  • UnitThreeBedNumberOf: 1
Multi Family
Multi Family Information
  • Number of Units Total: 8
  • Unit Records: 8
Income & Expenses
  • Gross Scheduled Income: $53,800.00
  • Net Operating Income: $88,685.00
  • Operating Expense: $34,300.00
Unit Information
Unit 1
  • Total Rent: $500.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Sq Ft: 1200.0
  • Type: Two Bedroom
Unit 2
  • Total Rent: $500.00
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Sq Ft: 800.0
  • Type: One Bedroom
Unit 3
  • Total Rent: $550.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Sq Ft: 800.0
  • Type: Two Bedroom
Unit 4
  • Total Rent: $500.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Sq Ft: 700.0
  • Type: Two Bedroom
Unit 5
  • Total Rent: $550.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Sq Ft: 700.0
  • Type: Two Bedroom
Unit 6
  • Total Rent: $200.00
  • Total Bathrooms: 1
  • Sq Ft: 250.0
  • Type: Unknown Data Share
Unit 7
  • Total Rent: $850.00
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Sq Ft: 1056.0
  • Type: Three Bedroom
Unit 8
  • Total Rent: $500.00
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • Sq Ft: 720.0
  • Type: Two Bedroom
Agent
Sale and Listings
  • Public GLR Website: Yes

Property History for 4580 Farrell Road, Unit COTTONWOOD FARM

DateEvent & SourcePriceAppreciation
Aug 30, 2012

Sold

Realcomp #55021035465

$230,000
Dec 19, 2011

Contract Signed

Realcomp #55021035465

Sep 20, 2011

Listed (Active)

Realcomp #55021035465

$299,900
DateEvent & SourcePrice
08/30/2012

Sold

Realcomp #55021035465

$230,000
12/19/2011

Contract Signed

Realcomp #55021035465

09/20/2011

Listed (Active)

Realcomp #55021035465

$299,900

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

Schools near 4580 Farrell Road, Unit COTTONWOOD FARM

This home is within Dexter Community School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - PK to 2
Public - 3 to 4
Public - 5 to 6
Rating
School
Distance
Bates Elementary School
PublicPK to 2

Cornerstone Elementary School
PublicPK to 2

Wylie Elementary School
Public3 to 4

Creekside Intermediate School
Public5 to 6

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 C-21 Affiliated - Jackson

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