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Manchester 48158
409 Territiorial Road
$65,000
● House - Off Market

409 Territiorial Road

Manchester, MI 48158
bedrooms
2 Beds
bathrooms
1 Bath
square feet
988 Ft²
$629
Est. Monthly
26.52%
Cap Rate

About This Property

Attention Investors!  Bring your tools!  Property has potential, but needs work.  Home features 2 bedrooms, full bath.  Open floor plan concept, livingroom, dining and kitchen combo.  Home has a deep backyard and a 1 car detached garage.  Home is sold in ''AS IS'' condition.  No utilities will be turned on.  Per seller, EMD to be held with seller's title company.  Per seller, all offers will not be reviewed until after June 19, 2024.  Please make sure that your offer reflects offer accepting deadline after June 27, 2024.
Unit Size
988 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$91
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #24029795)

Price History

Date / Event Date Event Price
Jul 10, 2024 Sold
Premium
Sold
Jun 25, 2024 In contract -
In contract
Jun 11, 2024 Listed by Willingham Real Estate $89,950
Listed by Willingham Real Estate
Oct 12, 2023 Sold
Premium
Sold
Aug 9, 2000 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 988
  • Garage Type: 7
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,017
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 988
  • Building Area: 988
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 988
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HANSBERGERS ADD
  • Land Acres: 0000000207
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: OLD SID - PM 16-511-026-00 MA 1-90A COM AT NW COR OF E 1/2 OF NW1/4, TH S 33FT IN THE W LINE OF E 1/2 OF NW 1/4, TH E 498 FT

Neighborhood

  • School District Name: Manchester Community Schools
  • School Tax School District: MANCHESTER
  • Census Tract: 431000

Zoning

  • Zoning: R-1B SI

Geography

  • District: P
  • Parcel: PM-16-11-203-008
  • Block: 203
  • Lot: 15
  • Meridian: SEC 11 TWN 4S RNG 3E
  • Municipality: MANCHESTER VILLAGE
  • Latitude: 42.1459
  • Longitude: -84.0437

    Address

  • Full Address: 409 Territorial Rd
  • Address - House Number: 409
  • Address - Street Name: Territorial
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Manchester
  • Carrier Code: R005
  • 4-Digit Zip Code: 8669
  • Zip Code: 48158

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $114,197
  • Tax Rate Code Area: P -16

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 191,088
  • High Value: 222,574
  • Low Value: 159,602

    Market Valuation

  • Market Total Value: $138,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,300

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 21, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 6701860
  • Previous Sale Recording Date: Aug 09, 2000
  • Previous Sale Contract Date: Jul 26, 2000
  • Previous Sale Amount: $118,500
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Manchester

Stats & Trends

Median Asking:

$295,000

Sale Price/ft²

$176

Below Asking

0.04%

Average Days on Market

66

Average Home Size

7854 ft²

Average Home Age

85.3 years

Currently For Sale

8 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 600 E Duncan Street, MI, 48158

$824 /mo

  • 1 Bed
  • 1 Bath
600 E Duncan Street, MI, 48158 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Francine Willingham, Willingham Real Estate
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24029795
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 409 Territorial Road built and last sold?
The property at 409 Territorial Road was built in 1940 and last sold on Sep 21, 2023 for $101,165.
How much is this home worth?
The estimated value of the home located at 409 Territorial Road is $90,850.
What are some comparable homes to 409 Territorial Road?
There are currently no comparable homes to 409 Territorial Road.
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