Great income property with long-term tenants. Vacant unit has new flooring, vanity, lighting and paint. Exterior painted, landscaped, and a new porch installed for unit 3.Units 2 and 3 have washer/dryer hookups. Updated light fixtures and electrical this year. Live in the vacant unit and let your tenants pay your mortgage, or rent it out and get the full financial potential out of your investment.
Key Realty OneLicense #6501411151Listed on: 03/07/2024
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,382
Year Built
Built in 1910
Lot Details
8,712 Sq Ft Lot
Lot Dimensions are 66x131
Parking
2 Car Garage
Home Design
Wood Siding
Interior Spaces
1 Fireplace
Basement
Michigan Basement
Laundry
Laundry in unit
Washer and Electric Dryer Hookup
Accessible Home Design
Doors are 36 inches wide or more
Utilities
No Cooling
Forced Air Heating System
Heating System Uses Natural Gas
High Speed Internet
Phone Available
Cable TV Available
Listing and Financial Details
The owner pays for trash collection, electricity, water, sewer, gas
Community Details
Overview
3 Units
Building Details
Operating Expense $700
Gross Income $2,000
Net Operating Income $1,300
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,382
Year Built
Built in 1910
Lot Details
0
Listing Details
Property Sub-Type: 2 to 4 Units
Property Type: Multi-Family
New Construction: No
Year Built: 1910
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Accessibility Features: 36 Inch Entrance Doo
Fireplaces: 1
Basement: Michigan Basement
Basement: Yes
Laundry Features:In Unit: Yes
Exterior Features
Construction Materials: Wood Siding
List Price: 110000.0
Lot Features: Sidewalk
Number of Buildings: 1
Road Surface Type: Paved
Roof: Other
Waterfront: No
Access Feat:Accessibility Features2: Yes
Driveway Paved: Yes
Garage/Parking
Attached Garage: No
Parking Features: Paved
Total Parking Spaces: 2.0
General Property Info:Total Parking Spaces: 2.0
Extras:Garages: Yes
Utilities
Cooling: None
Cooling: No
Heating: Forced Air, Natural Gas
Heating: Yes
Laundry Features: In Unit, See Remarks, Washer Hookup
Sewer: Public Sewer
Utilities: Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Phone Connected, Natural Gas Connected, Electric Connected
Lot Info
Lot Size Acres: 0.2
Lot Size Area: 0.2
Lot Dimensions: 66x131
Lot Size Sq Ft: 8712.0
Zoning Description: R-2
ResoLotSizeUnits: Acres
Rental Info
Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
Tenant Pays: None
Multi Family
Gross Income: 2000.0
Net Operating Income: 1300.0
Number of Units Total: 3
Operating Expense: 700.0
Tax Info
Tax Annual Amount: 2382.09
Tax Year: 2023
Ownership History
DateNameOwned ForOwner Type
Sep 2020 - PresentDoetsch Joshua D4 Years and 9 Months
Private Individual
Purchase Details
Listed on
Jul 13, 2020
Closed on
Sep 16, 2020
Sold by
Lopez Romualdo
Bought by
Doetsch Joshua D
Seller's Agent
NON-MBR 'LIST' NON-MBR 'LIST'
NON-MEMBER REALTOR 'LIST'
Buyer's Agent
Linda Sopko
Key Realty One
Sold Price
$63,000
Current Estimated Value
$118,930
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,930
Avg. Annual Appreciation
15.87%
Original Mortgage
$50,400
Outstanding Balance
$46,665
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$80,900
Aug 2018 - Sep 2020Lopez Romualdo2 Years and 1 Month
3 unit income property location in Jackson. Recently renovated. Lower unit is a 1 bedroom, 1.5 bath. Middle unit has 2 bedrooms, 1 bath, large living room and kitchen. Upper unit has 2 bedrooms, large living room, kitchen and 1 bath. Plenty of parking in the back. Tenant occupied. 24 hour notice to show. Pre-approved/proof of funds buyers only. BATVAI Net amount of yearly rent is approximate.
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ICE
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Average Value
Not Available
List Price
Sold Price
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Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 120 Bates St, Jackson, MI 49202 since 07 March 2024 and is currently estimated at $118,930. This property was built in 1910. 120 Bates St is a home located in Jackson County with nearby schools including Northeast Elementary School, Middle School at Parkside, and Jackson High School.
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