NOT LISTED FOR SALE
Studio
-- Bath
11,334 Sq Ft
8,276 Sq Ft Lot

Last Sold October 31, 2012

Last sale price $67,500 $6 Per Sq Ft

13 Days on Market

Highlights

  • Corner Lot
  • Sharp Park Academy Rated A-
  • 1-minute walk to Under the Oaks

About This Home

As of October 2012

Great opportunity on this 14 unit apartment building. Three story brick building with lots of character. Priced to sell at half the SEV. Less than $8,000 a unit. Located very close to downtown Jackson and near the City Bus stop. All units are two bedroom, one bath units. This building is currently occupied, and has been city certified in 2011.

Last Agent to Sell the Property

Ben Latocki

Production Realty Listed on: 08/03/2012

Co-Listed By

Dan Verlin

Guardhouse Rentals License #6501329323

Last Buyer's Agent

Annie Hoover

ERA REARDON - BROOKLYN

ERA REARDON - BROOKLYN

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 123x66
  • Property fronts a private road
  • Corner Lot

Home Design

  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House

Listing and Financial Details

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

Community Details

Overview

  • 14 Units

Building Details

  • Operating Expense $5,000
  • Net Operating Income $9,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • Construction Materials: Brick
  • List Price: 99000.0
  • Lot Features: Corner Lot, Sidewalk
  • Road Frontage Type: Private Road
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 123x66

Rental Info

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

Multi Family

  • Net Operating Income: 9000.0
  • Number of Units Total: 14
  • Operating Expense: 5000.0

Tax Info

  • Tax Annual Amount: 6233.43
  • Tax Year: 2012
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2012 10/31/12 Sold $67,500 -- $6 / 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 $13,417 $284,100 $0 $0
2024 $116 $292,700 $0 $0
2023 $11,168 $186,200 $0 $0
2022 $5,825 $116,100 $0 $0
2021 $5,763 $102,000 $0 $0
2020 $5,692 $80,400 $0 $0
2019 $5,149 $73,350 $0 $0
2018 $2,522 $54,300 $0 $0
2017 $2,312 $45,750 $0 $0
2016 $1,993 $43,400 $7,100 $36,300
2015 $2,174 $37,650 $37,650 $0
2014 $2,174 $35,050 $35,050 $0
2013 -- $35,050 $35,050 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21032570

MichRIC