Scott Timms
Coldwell Banker Beiswanger Realty Group
(517) 684-2987
137 Total Sales
21 in Summit
$18K - $700K Price Range
106 S Brown St Jackson, MI 49203
Summit Area
--
Bed
--
Bath
20,000
Sq Ft
0.65
Acre Lot
About This Home
As of August 2017This property is a great opportunity to grow cash-flow and build wealth. Hasn't been offered for sale in decades, this is a once in a lifetime opportunity to buy this iconic apartment building in Summit Township. Twenty Six one bedroom apartments currently at 100% occupancy, these apartments rent extremely quickly! Building is a perfect location, just outside of the city limits yet still offers convenient location for shopping, commute and walking distance to Cascades Park. Covered carports offered to tenants along with frontage on two roads for easy access.
Last Agent to Sell the Property
Zach Williams
Next Step Realty License #6502392125 Listed on: 05/24/2016
Last Buyer's Agent
STEPHEN SHUTT
RE/MAX Mid-Michigan R.E. License #6501302297
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,087
Year Built
- Built in 1940
Lot Details
- 28,314 Sq Ft Lot
- Lot Dimensions are 286x128x82
Parking
- Paved Parking
Home Design
- Brick Exterior Construction
Additional Features
- Basement Fills Entire Space Under The House
- Heating System Uses Natural Gas
Listing and Financial Details
- The owner pays for electricity, gas, trash collection, water
Community Details
Overview
- 26 Units
- Websters Addition Subdivision
Building Details
- Operating Expense $175,281
- Net Operating Income $171,224
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 19, 2020
Sold by
Bought by
Purchase Details
Listed on
May 24, 2016
Closed on
Aug 2, 2017
Sold by
Bought by
Seller's Agent
Zach Williams
Next Step Realty
Buyer's Agent
STEPHEN SHUTT
RE/MAX Mid-Michigan R.E.
Sold Price
$635,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.96%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Jackson, MI
-
Scott Timms
-
Lisa Bartleman
Lisa Bartleman
Norfolk Realty Limited
(947) 224-7147
98 Total Sales
7 in Summit
$150K - $685K Price Range
-
Tim Groves
Tim Groves
Coldwell Banker Groves Real Estate
(517) 797-4558
142 Total Sales
3 in Summit
$151K - $219K Price Range
-
Joe Vitale
Joe Vitale
Responds QuicklyCentury 21 Affiliated
(517) 777-0990
233 Total Sales
1 in Summit
$158,000 Price
-
Missy Lord
Missy Lord
RE/MAX Real Estate Professionals Dewitt
(517) 272-8399
587 Total Sales
6 in Summit
$74K - $315K Price Range
-
John O'Dowd
John O'Dowd
Responds QuicklyCentury 21 Affiliated - Jackson
(517) 960-2775
65 Total Sales
19 in Summit
$15K - $448K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Available | ||
| $635,000 | Attorney |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $250,000 | ||
| Previous Owner | $325,000 | ||
| Previous Owner | $140,000 | ||
| Previous Owner | $295,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2017 08/04/17 | Sold | $635,000 | -- | $32 / Sq Ft |
| 03/29/2017 03/29/17 | Pending | -- | -- | -- |
Source: MichRIC
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $12,094 | $333,500 | $0 | $0 |
| 2025 | $12,094 | $290,700 | $0 | $0 |
| 2024 | $133 | $321,800 | $0 | $0 |
| 2023 | $13,544 | $325,100 | $0 | $0 |
| 2022 | $18,098 | $334,700 | $0 | $0 |
| 2021 | $18,220 | $352,700 | $0 | $0 |
| 2020 | $17,961 | $349,900 | $0 | $0 |
| 2019 | $17,732 | $355,800 | $0 | $0 |
| 2018 | $17,850 | $314,900 | $0 | $0 |
| 2017 | $11,363 | $240,500 | $0 | $0 |
| 2016 | $9,120 | $237,800 | $237,800 | $0 |
| 2015 | $19,306 | $134,800 | $134,800 | $0 |
| 2014 | $19,306 | $415,800 | $415,800 | $0 |
| 2013 | -- | $415,800 | $415,800 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Z
Seller's Agent in 2017
Zach Williams
Next Step Realty
-
Rick Reardon
Seller Co-Listing Agent in 2017
Rick Reardon
ERA Reardon Realty, L.L.C.
(517) 782-3688
16 Total Sales
-
S
Buyer's Agent in 2017
STEPHEN SHUTT
RE/MAX Michigan
Map
Source: MichRIC
MLS Number: 21035284
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.
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