NOT LISTED FOR SALE

Estimated Value: $86,000 - $111,000

2 Beds
2 Baths
1,590 Sq Ft
$65/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $99,500 $63 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $680/month

2 Days on Market

Highlights

  • Front Porch
  • Forced Air Heating System
  • High Speed Internet
  • Accessible Approach with Ramp
  • Private Entrance
  • 5-minute walk to Loomis Park

About This Home

As of February 2024

Great rental income opportunity. Duplex that is fully rented and Jackson city certified until May 2026. Maintained, clean, and ready for a new owner. Both units have 2 bedrooms, 1 full bath and kitchen. Upstairs unit has separate entrance off the back. Ramp in back for first unit accessibility. Large 4 car parking lot behind house. Unit 1508 A rented until 1/2025, unit 1508 B until 1/2025. Close to amenities, schools, and interstate. Call for your private showing today! A licensed agent must be present during showing.

Last Listed By

Neal Sanford

Preview Properties.com License #6506046488 Listed on: 01/31/2024

Preview Properties.com

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,385

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x132x49x132
  • Private Entrance

Home Design

  • Stone Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,590 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 4 Parking Spaces
  • Gravel Driveway
  • Parking Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Additional Features

  • Accessible Approach with Ramp
  • Front Porch
  • City Lot

Listing and Financial Details

  • Total Actual Rent $19,200

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $510
  • Maintenance Expense $1,000
  • Manager Expense $1,824
  • Water Sewer Expense $700
  • New Taxes Expense $1,385
  • Operating Expense $4,034
  • Net Operating Income $13,821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,385

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Gross Rent: 19200.0
  • Net Income: 13821.0
  • Total Expense: 4034.0
  • Water Sewer Expenses: 700.0
  • Tax Year: 2023
  • Levels: Two
  • Year Built: 1920
  • Lot Size Acres: 0.15
  • Lot Size: 50x132x49x132
  • Professional Management Expense: 1824.0
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1590.0
  • General Property Info:Lot Size Dimensions: 50x132x49x132
  • General Property Info:Above Grade Finished Area: 1590.0
  • Levels:Two2: Yes
  • Laundry Features:In Basement: Yes
  • Flooring:Carpet: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:High Speed Internet Available: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Flooring:Vinyl2: Yes
  • Cooling:None8: Yes
  • Tax Info:Taxes2: 1385.0
  • Tax Info:Zoning3: Residential
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Main level 2 bedroom 1 bath
  • General Property Info:_pound_ of Units: 2
  • Foundation Details:Stone4: Yes
  • Annual Inc Expense:Insurance4: 510.0
  • Annual Inc Expense:Tax Expense2: 1385.0
  • Annual Inc Expense:Maintenance3: 1000.0
  • Annual Inc Expense:Management3: 1824.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Heating: Forced Air, Natural Gas
  • Flooring: Carpet, Vinyl
  • Property Type: Resid/Multi-Family
  • Accessibility Features: Accessible Approach with Ramp
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • ExteriorFeatures: Private Entrance
  • Foundation Details: Stone
  • Lot Features: City Lot
  • RoadFrontageType: City Street
  • RoadSurfaceType: Asphalt, Paved
  • Patio And Porch Features: Front Porch, Rear Porch
  • Construction Type: Vinyl Siding
  • Lot Features:City Lot: Yes
  • Patio Porch Features:Front Porch: Yes
  • Patio Porch Features:Rear Porch: Yes
  • Exterior Features:Private Entrance: Yes
  • Accessibility Features:Accessible Approach with Ramp: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • Parking Features: Gravel, Parking Lot
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Misc Business Info:_pound_ Parking: 4
  • General Property Info:Parking Total: 4
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Appliances: Gas Water Heater
  • Cooling: None
  • LaundryFeatures: In Basement
  • Utilities: High Speed Internet Available
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 700.0

Schools

  • Junior High Dist: Jackson

Lot Info

  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 510.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 13821.0

Tax Info

  • New Taxes Expense: 1385.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2015
Sold by
Gilmore James R and Gilmore Rosita M
Bought by
Rosic Properties Llc
Total Days on Market
2
Current Estimated Value
$103,087

Purchase Details

Closed on
May 14, 2008
Sold by
Gilmore Property Management Llc
Bought by
Gilmore James R and Gilmore Rosita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
5.93%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 1, 2005
Sold by
Gilmore James R and Gilmore Rosita M
Bought by
Gilmore Property Management Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rosic Properties Llc -- Attorney
Gilmore James R -- At
Gilmore Property Management Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner James James R $57,590
Previous Owner James James R $59,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $99,500 +10.6% $63 / Sq Ft
01/31/2024 01/31/24 For Sale $90,000 -- $57 / Sq Ft
Source: Greater Lansing Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $1,249 $38,600 $0 $0
2023 $1,198 $31,700 $0 $0
2022 $1,320 $29,100 $0 $0
2021 $1,306 $25,700 $0 $0
2020 $1,290 $23,950 $0 $0
2019 $1,255 $21,100 $0 $0
2018 $1,197 $19,950 $0 $0
2017 $1,097 $19,400 $0 $0
2016 $946 $17,000 $17,000 $0
2015 $1,250 $15,800 $15,800 $0
2014 $1,250 $20,150 $20,150 $0
2013 -- $20,150 $20,150 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 278355

Greater Lansing Association of Realtors®

APN: 8-0634.2000