NOT LISTED FOR SALE

527 W Ganson St Unit 523, 525 & 527.5 W. Jackson, MI 49201

Bennett Neighborhood

Estimated Value: $129,000 - $340,000

-- Bed
8 Baths
6,046 Sq Ft
$40/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $175,000 $29 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,725/month

7 Days on Market

Highlights

  • 0.4 Acre Lot
  • Forced Air Heating System
  • 3-minute walk to Ganson Street Park

About This Home

As of April 2019

OUTSTANDING INCOME PROPERTY PORTFOLIO NOW FOR SALE - Offering 9 total rental units with 100% occupancy & an excellent return on investment. Owner operated & maintained since 1985. Property consists of 3 buildings on 3 lots w/tenant parking on the center lot. 527 W. Ganson is a 6 unit building offering four 1BR/1BA units & two 2BR/1BA units. 523 W. Ganson is a front/back duplex with 1BR/1BA in both units. 527 1/2 W. Ganson is a single family home with 2BR/1BA & full basement. Several units have long term tenants with 10+ years of occupancy. Two units are currently leased & remaining 7 are month-to-month. Over the years, seller has meticulously maintained & updated the buildings as needed. 527 & 527.5 were city re-certified in 2019. Duplex to be re-certified this year. Seller uses a large shed & 4 secured rooms in the basement of 527 as his storage but provides a common laundry room to all tenants free of charge. Add to your income & inventory today with this unique turn key property.

Last Agent to Sell the Property

Sharon Harris

Key Realty One License #6501297488 Listed on: 02/19/2019

Key Realty One

Last Buyer's Agent

Brock Spink

ERA REARDON REALTY, L.L.C. License #6501409679

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,590

Year Built

  • Built in 1900

Lot Details

  • 0.4 Acre Lot

Home Design

  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Space Heater

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • 9 Units
  • Stewards Amended Add Subdivision

Building Details

  • Operating Expense $33,463
  • Gross Income $53,100
  • Net Operating Income $38,999

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,590

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 175000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Space Heater, Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.4
  • Lot Size Area: 0.4
  • Lot Size Sq Ft: 17424.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 53100.0
  • Net Operating Income: 38999.0
  • Number of Units Total: 9
  • Operating Expense: 33463.0

Tax Info

  • Tax Annual Amount: 3589.69
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2019
Closed on
Apr 5, 2019
Sold by
Shotwell Ted C and Shotwell Angela K
Bought by
Focus 4 8 Properties 06 Llc
Seller's Agent
Sharon Harris
Key Realty One
Buyer's Agent
Brock Spink
ERA REARDON REALTY, L.L.C.
Sold Price
$175,000
Current Estimated Value
$241,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,074
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
Sep 3, 1980
Sold by
Stabenow Leslie O and Stabenow June L
Bought by
Shotwell Ted C and Shotwell Angela K
Source: Public Records

Range of Values:

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 Buyer Sale Price Title Company
Focus 4 8 Properties 06 Llc $175,000 None Available
Shotwell Ted C $100,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2019 04/05/19 Sold $175,000 -- $29 / Sq Ft
02/26/2019 02/26/19 Pending -- -- --
Source: MichRIC

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 $5,480 $155,100 $0 $0
2024 $4,741 $153,800 $0 $0
2023 $4,549 $144,600 $0 $0
2022 $5,525 $88,800 $0 $0
2021 $5,485 $79,500 $0 $0
2020 $4,896 $69,150 $0 $0
2019 $2,935 $56,900 $0 $0
2018 $2,800 $52,700 $0 $0
2017 $2,566 $45,550 $0 $0
2016 $2,212 $44,200 $44,200 $0
2015 $2,413 $39,650 $39,650 $0
2014 $2,413 $38,900 $0 $0
2013 -- $38,900 $38,900 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sharon Harris

    Key Realty One

    Section Image
  • Brock Spink

    Buyer's Agent in 2019

    Brock Spink

    ERA REARDON REALTY, L.L.C.

    (517) 499-4755

    94 Total Sales

    Brock Spink
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 21035027

MichRIC

APN: 2-096300000

Michigan Jackson County Jackson 49201 Bennett

527 W Ganson St Unit 523, 525 & 527.5 W., Jackson, MI

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 2025 MichRIC, LLC. All rights reserved.

Nearby Homes