46465 Willis Road

Sold 10/22/24

Sold

Last Sold Price

$930,000

19 beds12 baths9,523 sqft$98/sqft

46465 Willis Road, Belleville, MI 48111

Multi FamilyProperty Type

1.38 acresLot Size

1946Year Built

$98/sq ftPrice per sq ft

1 carParking Spaces

Description

This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding...This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.

Listed by: Joseph Hammel 248.509.4280 joe@firerealtyteam.com Brokerage DRE #6505409720 • Keller Williams Somerset
Listed by: Michael Helfant 314.239.7713 mike@firerealtyteam.com Brokerage DRE #6505409720 • Keller Williams Somerset

Listing closed: 10/22/2024 12:00 AM • Source: Realcomp, MLS#: 20240041672

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Location

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Sold By Keller Williams Somerset

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$5,510 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,727

Property Taxes

$783

HOA Dues

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Property Information for 46465 Willis Road

Property Details

Taxes: $9,395 / year
MLS Type: Residential Income / Multi Family
County: Wayne County
Architectural Style: Colonial, Ranch
Waterfront: No
Zoning Description: Multi Family, Residential
Senior Community: No

Building Information

Residences: 12
Year Built: 1946
Lot Size: 1.38 AC / 60,112 SF

Summary

Location and General Information

Directions: Sumpter Rd south to Willis Rd West to Sharon Ct
Latitude: 42.15862995

Longitude: -83.49244216
Township: Wayne Sumpter Twp
Cross Street: N of willis/E of Sumpter
MLS Area Major: Sumpter Twp (82151)

Taxes and HOA

Parcel Number: 81034990004000
Tax Amount Summer: $4,125.00

Tax Amount Winter: $5,270.00
Tax Annual Amount: $9,395.00
Tax Assessed Value: $351,800.00
Tax Legal Description: 09R THAT PART OF THE N 1/2 OF THE N E 1/4 OF THE N W 1/4 OF SEC 9 DES AS BEG AT A POINT ON THE SLY LINE OF WILLIS ROAD DISTANT S 2D 08M 40SEC E 60.16 FT AND S 83D 38M 20SEC W 282.42 FT FROM THE N 1/4 COR OF SEC 9 AND PROCEEDING TH S 83D 38M 20SEC W ALONG SAID SLY LINE 95.0 FT. TH S 2D 08M 40SEC E 635.60 FT. TH N 84D 44M 12SEC E 94.88 FT. TH N 2D 08M 40SEC W 637.42 FT TO THE POB 1.38 ACRES
Tax Other Annual Assessment Amount: $16.00

School Information

High School District: Van Buren

Parking

Garage Spaces: 1.0
Attached Garage: No

Garage: Yes
Parking Features: One Car Garage

Property

Lot Information

Lot Size Acres: 1.38
Lot Size Area: 1.38

Lot Size Dimensions: 95x635x636x96
Lot Size Units: Acres
Road Frontage Type: Paved
Road Surface Type: Paved

Property and Assessments

State Equalized Value: 351800.0
Living Area: 9523.0

Building Area Total: 9523.0
Above Grade Finished Area: 9523.0
Class Name: Residential Income
Living Area Source: Public Records
New Construction: No
Year Built: 1946

Building Features

Construction Materials: Vinyl Siding
Foundation Details: Slab

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
Has Basement: No

Bathrooms Full: 12
Bathrooms Total Integer: 12
Has Cooling: No
Fireplace: No
Heating: Forced Air, Natural Gas
Has Heating: Yes
UnitOneBedNumberOf: 6
UnitTwoBedNumberOf: 5
UnitThreeBedNumberOf: 1

Multi Family

Multi Family Information

Number of Units Leased: 12
Number of Units Total: 12

Income & Expenses

Gross Scheduled Income: $136,968.00

Agent

Sale and Listings

Public GLR Website: Yes

Rental

Rent Information

Monthly Rental Income: $11,414.00
Existing Lease: Yes

Pets Allowed: Yes
Rent Spree: No

Property History for 46465 Willis Road

Date	Event & Source	Price	Appreciation
Oct 22, 2024	Sold (Public Record) Public Record #1546244682	$930,000	+4.3% / yr
Oct 22, 2024	Sold Realcomp #20240041672	$930,000	—
Oct 22, 2024	Sold MiRealSource #60317258	$930,000	—
Aug 27, 2024	Contract Signed Realcomp #20240041672		—
Aug 8, 2024	Contract Signed MiRealSource #60317258		—
Jun 20, 2024	Listed (Active) MiRealSource #60317258	$940,000	—
Jun 20, 2024	Listed (Active) Realcomp #20240041672	$940,000	—
Aug 1, 2022	Sold (Public Record) Public Record #1498981239	$846,000	—
Jul 26, 2022	Sold (Public Record) Public Record #1498642965	$350,000	—
Jan 13, 2022	Permanently Off Market MiRealSource #40184641	$995,900	—
Dec 24, 2021	Permanently Off Market Realcomp #2210043426	$995,900	—
Jun 11, 2021	Listed (Active) Realcomp #2210043426	$1,100,000	—
Jun 9, 2021	Listed (Active) MiRealSource #40184641	$1,100,000	—

Date	Event & Source	Price
10/22/2024	Sold (Public Record) Public Record #1546244682	$930,000 +4.3% / yr
10/22/2024	Sold Realcomp #20240041672	$930,000
10/22/2024	Sold MiRealSource #60317258	$930,000
08/27/2024	Contract Signed Realcomp #20240041672	—
08/08/2024	Contract Signed MiRealSource #60317258	—
06/20/2024	Listed (Active) MiRealSource #60317258	$940,000
06/20/2024	Listed (Active) Realcomp #20240041672	$940,000
08/01/2022	Sold (Public Record) Public Record #1498981239	$846,000
07/26/2022	Sold (Public Record) Public Record #1498642965	$350,000
01/13/2022	Permanently Off Market MiRealSource #40184641	$995,900
12/24/2021	Permanently Off Market Realcomp #2210043426	$995,900
06/11/2021	Listed (Active) Realcomp #2210043426	$1,100,000
06/09/2021	Listed (Active) MiRealSource #40184641	$1,100,000

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

Public Records for 46465 Willis Road

Taxable ValueLand-Additions-Total-

Tax Record2025$4,661 ($388 / month)

Home Facts

Beds0Baths12Total Finished SqFt9,523 SqFtAbove Grade Finished SqFt9,523 SqFtStories1Lot Size60,113 SqFtStyleSingle Family ResidenceYear Built1946Year Renovated1946CountyWAYNEAPN81 034 99 0004 000

Schools near 46465 Willis Road

This home is within Van Buren Public Schools.


Rating	School	Type	Grades	Distance
5/10	Edgemont Elementary School	Public - Serves this home	K to 5	3.4 mi
4/10	Owen Intermediate School	Public - Serves this home	4 to 6	2.6 mi
5/10	McBride Middle School	Public - Serves this home	6 to 9	4.6 mi
5/10	Belleville High School	Public - Serves this home	7 to 12	3.0 mi


Rating	School	Distance
5/10	Edgemont Elementary School PublicK to 5 Serves this home	3.4 mi
4/10	Owen Intermediate School Public4 to 6 Serves this home	2.6 mi
5/10	McBride Middle School Public6 to 9 Serves this home	4.6 mi
5/10	Belleville High School Public7 to 12 Serves this home	3.0 mi

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 Keller Williams Somerset

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