$130,000
SOLD APR 25, 2025
-- Bed
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

Recently Sold

10% Below List Price

99 Days on Market

Highlights

  • Window Unit Cooling System
  • Baseboard Heating
  • Level Lot
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of April 2025

Located on the north side of the City of Jackson, this PROFESSIONALLY MANAGED and CITY CERTIFIED investment property is ready for its new owners. Priced above market average CAP rate and indicative of achieving a lender required DSCR for financing, this property is fully rented and offers a turnkey opportunity. Transit, shopping, and dining in the immediate area. Additional properties in this portfolio are available that offer the opportunity to purchase 10 certified units. Contact REALTOR to learn more about this opportunity.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 12/12/2024

Last Buyer's Agent

Ben Kono

Production Realty License #6501407864

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,045

Year Built

  • Built in 1935

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x130
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Laundry

  • Laundry in unit
  • Washer and Electric Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Baseboard Heating
  • Natural Gas Connected
  • Individual Gas Meter
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, trash, gas
  • The owner pays for water, sewer

Community Details

Overview

  • 2 Units
  • Steward's Add Subdivision

Building Details

  • Operating Expense $6,489
  • Gross Income $20,940
  • Net Operating Income $14,451

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,045

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1935
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 65.52
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x130
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Location Property Info:Subdivision2: Steward's Add
  • Air Conditioning:Window Unit(s): Yes
  • Heat Type:Baseboard: Yes
  • Extras:Sep Gas Meter: Yes
  • Laundry Features Washer Hookup: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 145000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, In Unit, Washer Hookup
  • Utilities: Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 66x130
  • Lot Size Sq Ft: 8712.0

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Trash, Gas

Multi Family

  • Gross Income: 20940.0
  • Net Operating Income: 14451.0
  • Number of Units Total: 2
  • Operating Expense: 6489.0

Tax Info

  • Tax Annual Amount: 2045.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2021
Sold by
Curtis Matthew
Bought by
Select Real Estate Investments Llc
Current Estimated Value
$124,313

Purchase Details

Closed on
Aug 14, 2007
Sold by
Citimortgage Inc
Bought by
Hud

Purchase Details

Closed on
Oct 12, 2004
Sold by
Spencer Lamario M
Bought by
Hodge Robert V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,949
Interest Rate
5.91%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 11, 2004
Sold by
Briggs John S and Briggs Carole L
Bought by
Spencer Lamario M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,949
Interest Rate
5.91%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $68,000 --
Warranty Deed $54,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $66,949 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2025 04/25/25 Sold $130,000 -10.3% --
12/12/2024 12/12/24 For Sale $145,000 -- --
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 $2,058 $49,600 $0 $0
2024 $18 $44,000 $0 $0
2023 $1,708 $34,100 $0 $0
2022 $1,881 $27,200 $0 $0
2021 $954 $24,450 $0 $0
2020 $942 $22,250 $0 $0
2019 $917 $16,100 $0 $0
2018 $1,195 $17,050 $0 $0
2017 $802 $16,300 $0 $0
2016 $691 $14,000 $14,000 $0
2015 $965 $12,350 $12,350 $0
2014 $965 $15,550 $15,550 $0
2013 -- $15,550 $15,550 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 24062699

MichRIC

APN: 2-093500000