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Off market
  • $392,780

    5265 Tubbs Rd, Waterford, MI 48327

    --beds
    5baths
    3,457sqft
    MultiFamily
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $114/sqft
    $3,442 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,442/mo

    Zestimate® history
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    What's special

    MASKS REQUIRED! Great investment opportunity. All 5 units have been recently remodeled and are all fully occupied. Many with new kitchens and flooring. A new coin operated laundry room has been recently added for an additional $1,200 per year income. Additional parking has recently been added. Walk up basement. Large property for tenants to enjoy the outdoors, including an out-building for tenants to use as common area, for hobbies and storage. Friendly atmosphere among tenants. Please allow 2 days notice for all showings so that all tenants can be notified. Agents must be with buyers at all time, showing one unit at a time. This property is a great investment value. Great location, close to major roadways between Airport Road and Crescent Lake Road, near Highland Road (M-59) and Dixie Highway. Rent includes: water, gas, garbage, snow removal and lawn care. Tenants are only responsible for Electric. Cable and internet are available, at tenants expense. No Pets Allowed. MASKS!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 5
    Heating
    • Radiant, Gas
    Appliances
    • Laundry: Laundry Facility
    Features
    • High Speed Internet
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,457 sqft
    • Finished area below ground: 885

    Property

    Parking
    • Total spaces: 12
    • Parking features: Garage - Detached
    Features
    • Exterior features: Stucco, Wood, Brick, Cement / Concrete
    • Body of water: Many in Area
    • Frontage length: Frontage Feet: 200
    Lot
    • Size: 1.07 Acres
    Details
    • Parcel number: 1316401024
    • Zoning description: Multi-Family
    • Special conditions: Sale

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional, Contemporary, Colonial, Victorian, Farmhouse, Carriage House, Saltbox, Other, Dutch Colonial, Historic, Country French, Upper/Lower Apartment, Stick
    Materials
    • Roof: Asphalt
    Condition
    • Remodeled
    • Year built: 1928
    • Major remodel year: 2020

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Sewer-Sanitary
    • Water: Municipal Water
    • Utilities for property: Cable Available

    Community & neighborhood

    Location
    • Region: Waterford

    HOA & financial

    Other financial information
    • Total actual rent: 3745

    Other

    Other facts
    • RoadSurfaceType: Paved
    • Heating: Radiant, Natural Gas, Zoned
    • ZoningDescription: Multi-Family
    • Roof: Asphalt
    • Basement: Partially Finished, Basement, Walk-Up Access
    • HeatingYN: true
    • Utilities: Cable Available
    • ConstructionMaterials: Wood Siding, Aluminum Siding, Brick, Block/Concrete/Masonry, Stucco/EIFS
    • NumberOfUnitsTotal: 5
    • CurrentFinancing: Conventional, Cash
    • FoundationDetails: Block
    • ArchitecturalStyle: Traditional, Contemporary, Colonial, Victorian, Farmhouse, Carriage House, Saltbox, Other, Dutch Colonial, Historic, Country French, Upper/Lower Apartment, Stick
    • Exclusions: No Exclusions
    • Gas: Natural Gas
    • NumberOfUnitsLeased: 5
    • ParkingFeatures: Unassigned, Paved
    • YearBuiltEffective: 2020
    • ExteriorFeatures: Lighting
    • Appliances: Gas Water Heater
    • InteriorFeatures: High Speed Internet
    • RentIncludes: Snow Removal, Water/Sewer, Trash Collection, Yard Maintenance, Heat
    • BelowGradeFinishedArea: 885
    • SpecialListingConditions: Sale
    • LaundryFeatures: Laundry Facility
    • PropertyCondition: Remodeled
    • WaterSource: Municipal Water
    • Sewer: Sewer-Sanitary
    • FrontageLength: Frontage Feet: 200
    • TotalActualRent: 3745
    • MlsStatus: Active
    • GrossScheduledIncome: 44940.00
    • NetOperatingIncome: 22775.00
    • TaxAnnualAmount: 7001.0000
    • WaterBodyName: Many in Area
    • Road surface type: Paved

    Price history

    DateEventPrice
    11/13/2021Listing removed--
    Source: RE/MAX of SE Michigan_1
    11/1/2020Listed for sale$349,900+59.8%$101/sqft
    Source: RE/MAX Eclipse #2200090078
    2/5/2018Sold$219,000-4.8%$63/sqft
    Source: Public Record
    1/20/2018Pending sale$230,000$67/sqft
    Source: RE/MAX Encore #218001777
    1/9/2018Listed for sale$230,000+7%$67/sqft
    Source: RE/MAX Encore #218001777

    Public tax history

    YearProperty taxesTax assessment
    2024$7,311 +5.1%$196,390 +5.4%
    2023$6,957 +1.6%$186,270 +2.6%
    2022$6,847 +3.2%$181,520 +25.5%

    Find assessor info on the county website

    Neighborhood: 48327

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Waterford

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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