NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: July 8, 2022

Last sale price $230,000

7 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • 5-minute walk to Partnership Park
  • Hot Water Heating System
  • High Speed Internet

About This Home

As of July 2022

CITY CERTIFIED IN 2022. Six unit apartment building in the City of Jackson Central Business District. Unbelievably maintained by same owner for years, the last inspection took under one hour for the entire property. Current cap rate 9% with potential for 12+%. Coin operated laundry produces additional income. Storage space in basement. This cash positive property makes a great addition to its new owner's portfolio. Qualified purchasers may call Commercial REALTOR with your questions to to schedule your private tour.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 06/03/2022

Last Buyer's Agent

Pouria Namazi

NCDG Realty & Property Management License #6501413146

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,582

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 6 Units
  • Village Of Jacksonburg Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $17,000
  • Gross Income $35,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,582

Year Built

Built in 1950

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1950
  • General Property Info:Basement: Yes
  • Driveway:Driveway: Paved, Asphalt
  • Mineral Rights:Mineral Rights: Unknown
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Storm Sewer, Phone Available
  • Extras:Extras: Laundry Facility, Sep Electric Meter, Sep Gas Meter, Tenant Storage
  • Lot Description:Lot Description: Corner Lot, Level, Sidewalk
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 225000.0
  • Lot Features: Corner Lot, Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Roofing:Roofing: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Asphalt
  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Hot Water

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: C-3

Rental Info

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

Multi Family

  • Gross Income: 35000.0
  • Net Operating Income: 18000.0
  • Number of Units Total: 6
  • Operating Expense: 17000.0

Tax Info

  • Tax Annual Amount: 2582.0
  • Tax Year: 2021

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
Jan 3, 2017
Sold by
Bought by

Purchase Details

Closed on
Nov 24, 2014
Sold by
Bought by

Purchase Details

Closed on
Dec 30, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
-- Attorney
-- None Available
-- --
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
07/08/2022 07/08/22 Sold $230,000 +2.2% --
06/03/2022 06/03/22 For Sale $225,000 -- --
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 $5,488 $124,100 $0 $0
2025 $5,488 $133,700 $0 $0
2024 $54 $129,000 $0 $0
2023 $5,149 $83,300 $0 $0
2022 $2,612 $53,700 $0 $0
2021 $2,583 $48,700 $0 $0
2020 $2,551 $41,150 $0 $0
2019 $2,482 $36,750 $0 $0
2018 $2,370 $40,400 $0 $0
2017 $2,176 $33,500 $0 $0
2016 $1,885 $32,600 $32,600 $0
2015 $2,273 $37,750 $37,750 $0
2014 $2,273 $35,500 $35,500 $0
2013 -- $35,500 $35,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22021881

MichRIC
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