NOT LISTED FOR SALE

2120 Lansing Ave Jackson, MI 49202

Estimated Value: $180,000 - $278,000

Studio
-- Bath
-- Sq Ft
0.41 Acres

Last Sold August 11, 2016

Last sale price $92,000

Est. 152% increase in value since last sale

Current estimated payment $1,606/month

64 Days on Market

About This Home

As of August 2016

Great income property. Unit #4 is great for a small office/start-up business space. Not yet rented but newly finished. All flat roofs are rubber and were new in 2010. Siding and windows new in 2008. Newer well pump. Unit #1 tenant has been there for 4 years. Trash and sewer charges above are quarterly.

Last Agent to Sell the Property

Susie Mohlman

Sproat Realty Professionals-J License #6502111869 Listed on: 03/30/2016

Last Buyer's Agent

Susie Mohlman

Sproat Realty Professionals-J License #6502111869 Listed on: 03/30/2016

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1930

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 185x96x185

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Space Heater
  • Well

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for trash collection, water

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $5,269
  • Net Operating Income $32,100

Property Details

Home Type

Apartment

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Partial

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 99900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Dimensions: 185x96x185

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Net Operating Income: 32100.0
  • Number of Units Total: 4
  • Operating Expense: 5269.0

Tax Info

  • Tax Annual Amount: 2344.6
  • Tax Year: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2019
Sold by
Friedman Curtis
Bought by
Southwest Financial Llc and Lansing Trust
Current Estimated Value
$232,121

Purchase Details

Closed on
May 12, 2017
Sold by
Dixon Donald L and Dixon Michelle M
Bought by
Frieden Curtis S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,400
Interest Rate
3.36%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Thornsbury Ellis and Thornsbury Connie J
Bought by
Dixon Donald L and Dixon Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 1994
Bought by
Thornsbury
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Southwest Financial Llc -- None Available
Frieden Curtis S $92,000 Attorney
Dixon Donald L $96,000 --
Thornsbury $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frieden Curtis S $64,400
Previous Owner Dixon Donald L $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2016 08/11/16 Sold $92,000 -- --
06/02/2016 06/02/16 Pending -- -- --
Source: MichRIC

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
2025 $4,802 $114,100 $0 $0
2024 $12 $100,800 $0 $0
2023 $1,177 $93,700 $0 $0
2022 $4,154 $79,800 $0 $0
2021 $4,080 $69,200 $0 $0
2020 $4,042 $64,000 $0 $0
2019 $3,224 $61,300 $0 $0
2018 $3,021 $58,600 $0 $0
2017 $2,403 $59,000 $0 $0
2016 $1,881 $50,198 $50,198 $0
2015 $2,312 $49,878 $49,878 $0
2014 $2,312 $46,353 $0 $0
2013 -- $46,353 $46,353 $0
Source: Public Records

Agents Affiliated with this Home

  • Susie Mohlman

    Seller's Agent in 2016

    Susie Mohlman

    Sproat Realty Professionals-J

    (517) 206-3332

    52 in this area

    364 Total Sales

    Susie Mohlman
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Map

Source: MichRIC

MLS Number: 21035228

MichRIC

APN: 000-08-27-128-023-00

Michigan Jackson County Jackson 49202

2120 Lansing Ave, Jackson, MI

Not Listed for Sale

MultiFamily

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