NOT LISTED FOR SALE

505 Webb St Unit 612-618 Steward Jackson, MI 49202

Bennett Neighborhood

Estimated Value: $99,000 - $398,010

2 Beds
8 Baths
9,002 Sq Ft
$20/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $320,000 $36 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $1,089/month

Highlights

  • 0.2 Acre Lot
  • Wood Siding
  • 5-minute walk to Ganson Street Park
  • Forced Air Heating System

About This Home

As of October 2021

Turn key investment opportunity! 8 single family homes and 1 duplex gives you 10 units for income! All 10 units are City Certified, have been owned by the same owner for many years, and good rental history too. Rents range $525 to $775 per month. 6 homes are two bedrooms, 2 homes are 3 bedrooms, and the duplex units are both 2 bedrooms. Garage for tenant use is included in the sale, and current property owner is the property manager, and will consider continuing the management for the new owner. Please allow 24-48 hr notice for showings as multiple tenants will need to be contacted.

Last Agent to Sell the Property

Timothy Atkins

ERA REARDON REALTY, L.L.C. License #6506036004 Listed on: 09/14/2021

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

Charles Astleford

ERA REARDON REALTY, L.L.C. License #6501414932

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,232

Year Built

  • Built in 1936

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 18 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Space Heater
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 9 Buildings
  • 10 Units
  • Geo Webb's Subdivision

Building Details

  • Operating Expense $19,982
  • Gross Income $72,900
  • Net Operating Income $131,618

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,232

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1936
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 320000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 9
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 18.0

Utilities

  • Heating: Space Heater, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 72900.0
  • Net Operating Income: 131617.72
  • Number of Units Total: 10
  • Operating Expense: 19982.28

Tax Info

  • Tax Annual Amount: 4232.0
  • Tax Year: 2020

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
10/01/2021 10/01/21 Sold $320,000 0.0% $36 / Sq Ft
09/14/2021 09/14/21 For Sale $320,000 -- $36 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,427 $28,600 $0 $0
2024 $1,234 $25,500 $0 $0
2023 $1,184 $19,800 $0 $0
2022 $1,404 $20,300 $0 $0
2021 $910 $17,650 $0 $0
2020 $899 $18,350 $0 $0
2019 $875 $15,550 $0 $0
2018 $835 $15,450 $0 $0
2017 $765 $14,100 $0 $0
2016 $660 $14,000 $14,000 $0
2015 $720 $15,950 $15,950 $0
2014 $720 $11,600 $0 $0
2013 -- $11,600 $11,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Timothy Atkins

    Seller's Agent in 2021

    Timothy Atkins

    ERA REARDON REALTY, L.L.C.

    (517) 937-2473

    5 in this area

    174 Total Sales

    Timothy Atkins
    Section Image
  • Charles Astleford

    Buyer's Agent in 2021

    Charles Astleford

    ERA REARDON REALTY, L.L.C.

    (517) 819-3235

    2 in this area

    5 Total Sales

    Charles Astleford
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21105631

Southwestern Michigan Association of REALTORS®

APN: 2-1161.1000

Michigan Jackson County Jackson 49202 Bennett

505 Webb St Unit 612-618 Steward, Jackson, MI

This home is located at 505 Webb St Unit 612-618 Steward, Jackson, MI 49202 since 14 September 2021 and is currently estimated at $178,503, approximately $19 per square foot. This property was built in 1936. 505 Webb St Unit 612-618 Steward is a home located in Jackson County with nearby schools including Hunt Elementary School, Middle School at Parkside, and Jackson High School.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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