Last Sold Price
19 beds10,400 sqft$28/sqft
7280 North Genesee Road, Genesee, MI 48437

Description

Rock solid, one-of-a-kind investment opportunity! 13 residential units, 2 commercial units, located in the heart of genesee. $17,000 in electrical updating. Many interior and exterior improvements, long term tenants, great potential for growth. Unused commercial space has the potential for $2500-$3000 in rents. $8000/monthly income potential. Call for more details.Rock solid, one-of-a-kind investment opportunity! 13 residential units, 2 commercial units, located in the heart of genesee. $17,000 in electrical updating. Many interior and exterior improvements, long term tenants, great potential for growth. Unused commercial space has the potential for $2500-$3000 in rents. $8000/monthly income potential. Call for more details.
LISTING CLOSED: 11/13/2020 12:00 AM

  1. Listed by John M Cotter • Brokerage DRE #6503389870 • RE/MAX Defined
    P: (248) 662-8106 C: (248) 662-8106 sold@jmcotter.com

Property Details for 7280 North Genesee Road

Status
MLS #
2200021267
Days on Market
158
Taxes
$11,048 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Multi Family
Year Built
1950
Lot Size
1.48 AC / 64,468 SF
Architectural Style
Other
Waterfront
No
Zoning Description
Multi-Family

Location

Listing Courtesy of RE/MAX Defined

Sold By Non Realcomp Office

Add your commute

Building Information for 7280 North Genesee Road

Stories-Residences15Year Built1950Building Size-Lot Size1.48 AC / 64,468 SF

Payment Calculator

$2,408 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,487

Property Taxes

$921

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 7280 North Genesee Road

Summary
Location and General Information
  • Directions: Genesee Village, just north of old Mott Lake
  • Latitude: 43.113769
  • Longitude: -83.61689
  • Township: Genesee Genesee Twp
  • Cross Street: N of Stanley Rd./W of Belsay Rd.
  • MLS Area Major: Genesee Twp (25010)
Taxes and HOA
  • Parcel Number: 1111100068
  • Tax Amount Summer: $1,763.00
  • Tax Amount Winter: $9,285.00
  • Tax Annual Amount: $11,048.00
  • Tax Assessed Value: $151,900.00
  • Tax Legal Description: N 170 FT OF S 285.5 FT OF W 379.5 FT OF SW 1/4 OF NW 1/4 SEC 11 T8N R7E 1.48 A
  • Tax Other Annual Assessment Description: 1022.1
School Information
  • High School District: Genesee
Parking
  • Parking Total: 28.0
  • Parking Features: Other, Paved, Unassigned
Property
Lot Information
  • Lot Size Acres: 1.48
  • Lot Size Area: 1.48
  • Lot Size Dimensions: 170.00X380.00
  • Encroachment: No
  • Lot Size Units: Acres
  • Road Frontage Type: Paved
  • Road Surface Type: Paved
Property and Assessments
  • State Equalized Value: 151900.0
  • Living Area: 10400.0
  • Building Area Total: 10400.0
  • Above Grade Finished Area: 10400.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 2000.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • Year Built: 1950
Building Features
  • Construction Materials: Brick, Wood Siding
  • Foundation Details: Basement, Block
  • Levels: Two
  • Stories Total: 2
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Well
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 15.5
  • Appliances: Electric Water Heater
  • Basement: Unfinished
  • Has Basement: Yes
  • Bathrooms Full: 15
  • Bathrooms Half: 5
  • Bathrooms Total Integer: 20
  • Cooling: Other
  • Has Cooling: Yes
  • Heating: Natural Gas, Other Heating Source
  • Has Heating: Yes
  • Water Heater Fuel: Electric
  • UnitOneBedNumberOf: 3
  • UnitTwoBedNumberOf: 5
  • UnitThreeBedNumberOf: 2
Multi Family
Multi Family Information
  • Number of Units Leased: 12
  • Number of Units Total: 15
  • Number of Efficiency Units: 2
  • Number of Unit Loft: 2
  • Unit Records: 5
Income & Expenses
  • Gross Scheduled Income: $95,100.00
  • Net Operating Income: $63,795.00
Unit Information
Unit 1
  • Actual Rent: $400.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Type: Studio
Unit 2
  • Actual Rent: $550.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Type: One Bedroom
Unit 3
  • Actual Rent: $625.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Type: Two Bedroom
Unit 4
  • Actual Rent: $700.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Type: Three Bedroom
Unit 5
  • Actual Rent: $700.00
  • Total Bathrooms: 1
  • Furnished: Unfurnished
  • Sq Ft: 1000.0
  • Type: Loft
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $7,925.00
  • Existing Lease: No
  • Pets Allowed: Yes

Property History for 7280 North Genesee Road

DateEvent & SourcePriceAppreciation
Nov 13, 2020

Sold (Public Record)

Public Record #688026983

$292,554

-1.0% / yr

Nov 13, 2020

Sold

Realcomp #2200021267

$292,554
Nov 13, 2020

Sold

MiRealSource #40037300

$292,554
DateEvent & SourcePrice
11/13/2020

Sold (Public Record)

Public Record #688026983

$292,554

-1.0% / yr

11/13/2020

Sold

Realcomp #2200021267

$292,554
11/13/2020

Sold

MiRealSource #40037300

$292,554

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

Public Records for 7280 North Genesee Road

Taxable ValueLand-Additions-Total-
Tax Record2024$13,119 ($1,093 / month)
Home Facts
Total Finished SqFt10,072 SqFtAbove Grade Finished SqFt10,072 SqFtLot Size64,599 SqFtStyleMiscellaneous CommercialYear Built1954ZoningC-2 HWY COMMCountyGENESEEAPN11-11-100-068

Schools near 7280 North Genesee Road

This home is within Genesee School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Rating
School
Distance
Haas Elementary School
PublicPK to 5

Genesee High School
Public6 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 RE/MAX Defined

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