8555 Canal Road

Sold 10/10/14
Sold 10/10/14
2013-12-06 11.18
2013-12-06 11.08
2013-12-06 11.21
2013-12-20 13.32
2013-12-20 13.30
2013-12-20 13.29
2013-12-20 13.29
2013-12-20 13.29
2013-12-20 13.28
2013-12-20 13.28
2013-12-06 11.20
2013-12-06 11.19
2013-12-06 11.19
2013-12-06 11.18
2013-12-06 11.16
2013-12-06 11.13
2013-12-06 11.11
2013-12-06 11.11
2013-12-06 11.10
2013-12-06 11.09
2013-12-06 11.08
2013-12-06 11.06
2013-12-06 11.01
2013-12-06 11.01
2013-12-06 11.01
2013-12-06 10.59
Sold
Last Sold Price
$750,000
30 beds12,000 sqft
8555 Canal Road, Sterling Heights, MI 48314
Multi FamilyProperty Type
1.2 acresLot Size
1962Year Built
$63/sq ftPrice per sq ft
60 carsParking Spaces

Description

Do not disturb 20 tenants! Inspection and viewing shall be after accepted Purchase Agreement. 20 Units fully occupied. 20 stoves, fridges, 3 coined operating washer & dryer machines. Ample parking and full masonry in the HEART of Macomb County! New roof on most westerly building. Neat and clean and well maintained and family operated since 1964! This is a money maker with 20% money down and will have a return of $5,000 a month.
3 buildings total.
8505 Canal Sterling Heights 48314, Parcel ID Number...Do not disturb 20 tenants! Inspection and viewing shall be after accepted Purchase Agreement. 20 Units fully occupied. 20 stoves, fridges, 3 coined operating washer & dryer machines. Ample parking and full masonry in the HEART of Macomb County! New roof on most westerly building. Neat and clean and well maintained and family operated since 1964! This is a money maker with 20% money down and will have a return of $5,000 a month.
3 buildings total.
8505 Canal Sterling Heights 48314, Parcel ID Number 10-03-126-015,
8555 Canal Sterling Heights 48314, Parcel ID Number 10-03-126-029,
8481 Canal Utica 48317, Parcel ID Number 10-03-101-057
All information deemed reliable but not guaranteed, Buyers agent and buyer most confirm
  • Listed by: Matthew Vale 586.262.2000 matthewjvale@yahoo.com Brokerage DRE #6505249703 • RE/MAX Suburban, Inc
Listing closed: 10/10/2014 12:00 AM • Source: Realcomp, MLS#: 214042838
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Location

Listing Courtesy of RE/MAX Suburban, Inc

Sold By RE/MAX Suburban, Inc

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$5,042 per month

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$3,876

Property Taxes

$1,167

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Property Information for 8555 Canal Road

Property Details
  • Taxes: $14,000 / year
  • MLS Type: Residential Income / Multi Family
  • County: Macomb County
  • Architectural Style: Upper Lower Apartment
  • Waterfront: No
  • Zoning Description: Multi Family
Building Information
  • Residences: 20
  • Year Built: 1962
  • Lot Size: 1.20 AC / 52,272 SF
Summary
Location and General Information
  • Directions: East of business Van Dyke on the north side of Canal
  • Latitude: 42.622902
  • Longitude: -83.026638
  • Cross Street: N of Canal/E of Van Dyke
  • MLS Area Major: Area03101Sterling Heights
Taxes and HOA
  • Tax Amount Summer: $8,000.00
  • Tax Amount Winter: $6,000.00
  • Tax Annual Amount: $14,000.00
  • Tax Legal Description: 3 buildings total. 8505 Canal Sterling Heights 48314, Parcel ID Number 10-03-126-015, 8555 Canal Sterling Heights 48314, Parcel ID Number 10-03-126-029, 8481 Canal Utica 48317, Parcel ID Number 10-03-101-057,
School Information
  • High School District: Utica
Parking
  • Parking Total: 60.0
  • Garage: Yes
  • Parking Features: Paved
Property
Lot Information
  • Lot Size Acres: 1.2
  • Lot Size Area: 1.2
  • Lot Size Dimensions: 375X222X365X117
  • Lot Size Units: Acres
  • Road Frontage Feet: 375
  • Road Frontage Type: Paved
Property and Assessments
  • Living Area: 12000.0
  • Above Grade Finished Area: 12000.0
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Total Area: 4000.0
  • Below Grade Total Area Units: Square Feet
  • Class Name: Residential Income
  • Living Area Source: Estimated
  • Living Area Units: Square Feet
  • Year Built: 1962
Building Features
  • Construction Materials: Aluminum Siding, Brick
  • Foundation Details: Basement, Block, Crawl Space
  • Levels: Two
  • Roof: Asphalt
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Bathrooms Total Notational: 20.0
  • Basement: Common, Interior Entry, Private Storage Locker
  • Has Basement: Yes
  • Bathrooms Full: 20
  • Bathrooms Total Integer: 20
  • Cooling: Window Units
  • Has Cooling: Yes
  • Heating: Baseboard, Natural Gas
  • Has Heating: Yes
  • UnitOneBedNumberOf: 10
  • UnitTwoBedNumberOf: 10
Exterior Features
  • Exterior Features: Lighting, Private Entrance
Multi Family
Multi Family Information
  • Number of Units Leased: 20
  • Number of Units Total: 20
Income & Expenses
  • Gross Scheduled Income: $139,200.00
  • Net Operating Income: $60,252.00
Agent
Sale and Listings
  • Public GLR Website: Yes
Rental
Rent Information
  • Monthly Rental Income: $11,600.00

Property History for 8555 Canal Road

DateEvent & SourcePriceAppreciation
Oct 10, 2014

Sold

Realcomp #214042838

$750,000—
May 23, 2014

Contract Signed

Realcomp #214042838

—
May 9, 2014

Listed (Active)

Realcomp #214042838

$800,000—
DateEvent & SourcePrice
10/10/2014

Sold

Realcomp #214042838

$750,000
05/23/2014

Contract Signed

Realcomp #214042838

—
05/09/2014

Listed (Active)

Realcomp #214042838

$800,000

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

Public Records for 8555 Canal Road

Taxable ValueLand-Additions-Total-
Tax Record2025$5,086 ($424 / month)
Home Facts
Baths1Total Finished SqFt3,500 SqFtAbove Grade Finished SqFt3,500 SqFtUnfinished Basement SqFt792 SqFtStories2Lot Size13,329 SqFtStyleMiscellaneous CommercialZoningR-60CountyMACOMBAPN10-10-03-126-029

Schools near 8555 Canal Road

This home is within Utica Community Schools.
Rating
School
Type
Grades
Distance
Dresden Elementary School
Public - PK to 6
Bemis Junior High School
Public - 7 to 8
Henry Ford II High School
Public - 9 to 12
UCS Alternative Learning Center
Public - 9 to 12
Rating
School
Distance
Dresden Elementary School
PublicPK to 6

Bemis Junior High School
Public7 to 8

Henry Ford II High School
Public9 to 12

UCS Alternative Learning Center
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 RE/MAX Suburban, Inc

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