NOT LISTED FOR SALE

222 W Wesley St Jackson, MI 49201

Downtown Jackson Neighborhood

Estimated Value: $68,000 - $114,000

Studio
-- Bath
3,800 Sq Ft
$24/Sq Ft Est. Value

Last Sold September 30, 2015

Last sale price $20,000 $5 Per Sq Ft

Est. 356% increase in value since last sale

Current estimated payment $473/month

356 Days on Market

About This Home

As of September 2015

Huge price reduction!!! 25000$ off for immediate sale!!! Great income potential with this 6 unit apartment building! Three 2 bedroom and three 1 bedroom units with refrigerator and stove. Lots of updates and city certified. Boiler was updated and certified along with all the electrical. New gutters with maintenance free exterior. 3 units are currently rented. All terms and conditions to be verified by purchaser.

Last Agent to Sell the Property

Rich Cook

ERA REARDON REALTY, L.L.C. License #6501277357 Listed on: 09/08/2014

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

Tad French

Heart for Homes, LLC License #6501345481

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 175x125

Parking

  • Paved Parking

Home Design

  • Vinyl Siding

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

  • 6 Units
  • Village Of Jacksonburg Subdivision

Building Details

  • Operating Expense $20,722
  • Gross Income $34,200
  • Net Operating Income $57,370

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 34999.0
  • Water Body Name: None
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 175x125

Rental Info

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

Multi Family

  • Gross Income: 34200.0
  • Net Operating Income: 57370.08
  • Number of Units Total: 6
  • Operating Expense: 20721.92

Tax Info

  • Tax Annual Amount: 1537.83
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2021
Sold by
City Of Jackson
Bought by
Murdie Susan L
Current Estimated Value
$91,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$56,028
Interest Rate
2.4%
Mortgage Type
New Conventional
Estimated Equity
$35,227

Purchase Details

Closed on
May 13, 2021
Sold by
John George Home Inc
Bought by
City Of Jackson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Outstanding Balance
$56,028
Interest Rate
2.4%
Mortgage Type
New Conventional
Estimated Equity
$35,227

Purchase Details

Closed on
Dec 18, 2015
Sold by
City Of Jackson
Bought by
John George Home Inc

Purchase Details

Listed on
Sep 8, 2014
Closed on
Sep 30, 2015
Sold by
Truong Uy Tung Cong and Nguyen Ngoc Thi Nhu
Bought by
City Of Jackson
Seller's Agent
Rich Cook
ERA REARDON REALTY, L.L.C.
Buyer's Agent
Tad French
Heart for Homes, LLC
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.63%

Purchase Details

Listed on
Sep 8, 2014
Closed on
Sep 28, 2015
Sold by
City Of Jackson
Bought by
John George Home Inc
Seller's Agent
Rich Cook
ERA REARDON REALTY, L.L.C.
Buyer's Agent
Tad French
Heart for Homes, LLC
Sold Price
$20,000

Purchase Details

Closed on
Jun 30, 2011
Sold by
Four Season Properties Llc
Bought by
Truong Uy Tung Cong

Purchase Details

Closed on
May 13, 2002
Sold by
Arcaro Charlene M
Bought by
Four Season Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,675
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2002
Sold by
Bracey William F and Bracey Bertha G
Bought by
Arcaro Charlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,675
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage
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
Murdie Susan L $362 None Available
City Of Jackson -- None Available
John George Home Inc -- American Title Co Of Jackson
City Of Jackson $20,000 At
John George Home Inc -- At
Truong Uy Tung Cong $45,000 At
Four Season Properties Llc $115,000 --
Arcaro Charlene $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murdie Susan L $75,000
Previous Owner Four Season Properties Llc $117,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2015 09/30/15 Sold $20,000 -- $5 / Sq Ft
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 $35 $800 $0 $0
2024 $0 $500 $0 $0
2023 $37 $600 $0 $0
2022 $78 $1,100 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 -- $0 $0 $0
2016 -- $0 $0 $0
2015 $1,358 $23,250 $23,250 $0
2014 $1,358 $21,200 $0 $0
2013 -- $21,200 $21,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Rich Cook

    Seller's Agent in 2015

    Rich Cook

    ERA REARDON REALTY, L.L.C.

    (517) 474-7424

    3 in this area

    236 Total Sales

    Rich Cook
    Section Image
  • Tad French

    Buyer's Agent in 2015

    Tad French

    Heart for Homes, LLC

    (517) 745-2654

    121 Total Sales

    Tad French
    Section Image
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Map

Source: MichRIC

MLS Number: 21032792

MichRIC

APN: 4-019600000

Michigan Jackson County Jackson 49201 Downtown Jackson

222 W Wesley St, Jackson, MI

Not Listed for Sale

MultiFamily

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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