NOT LISTED FOR SALE

Estimated Value: $127,834 - $143,000

4 Beds
4 Baths
3,049 Sq Ft
$45/Sq Ft Est. Value

Last Sold September 05, 2024

Last sale price $140,000 $46 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $820/month

107 Days on Market

Highlights

  • Community Wi-Fi
  • Private Entrance
  • 3-minute walk to Governor Austin Blair Memorial Park
  • Forced Air Heating System

About This Home

As of September 2024

Income Opportunity! 4-Unit Property with lots of income potential. Welcome to your next investment opportunity! This 4-unit property offers not just a home, but an income-generating asset. With 2 units already rented out, you can start earning immediately. Here's what this property has to offer: Situated close to the infamous Hinckley Bakery, this property enjoys easy access to downtown Jackson. **Unit Configuration:** - 4 spacious units, each designed for comfortable living. - 2 one bedroom units, 2 studio units. - Each unit has additonal storage space in the basement - Currently, 2 units are rented out, providing immediate income for the new owner. - The remaining 2 units offer excellent potential for rental income or owner occupancy. **Features:** - Unit 1 has been fully updates. Unit 2 & 3 have been updated within the past 2 years. - Parking space for tenants' convenience. - Low-maintenance landscaping adds to the property's appeal. **Investment Opportunity:** - Whether you're a seasoned investor or a first-time buyer looking to offset your mortgage, this property offers a fantastic opportunity. - Diversify your portfolio with a stable income-generating asset in a growing market. - Take advantage of the growing demand for rental properties in this sought-after location. **Don't Miss Out!** Properties like this don't stay on the market for long. Seize the opportunity to own a 4-unit property with 2 units already rented out. Schedule a viewing today and explore the potential of this income-generating gem!

Last Agent to Sell the Property

Andrew Roddy

Xsell Realty License #LCAR-6501392026 Listed on: 04/16/2024

Co-Listed By

Jessica Roddy

Xsell Realty License #LCAR-6501423376

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 38x66x37
  • Private Entrance

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Michigan Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 4 Units
  • Community Wi-Fi

Listing and Financial Details

  • Assessor Parcel Number 4043500000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$867

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 867
  • Total Tax Year: 2022
  • Year Built: 1900
  • Mail City: Jackson
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Source of Sq Ft: Estimated

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Sidewalks
  • Frontage: 38
  • Foundation Type: Basement, Crawl

Utilities

  • Water: Public Water
  • Cooling System: Window Unit(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public At Street

Condo/Co-op/Association

  • Community Amenities: Private Entry, Wi-Fi Available

Lot Info

  • Assessor Parcel Number: 4043500000
  • Lot Dimensions: 38x66x37
  • Acreage: 0.07
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $751.00
  • Winter Tax: Year: 2022, Amount: $116.00
  • Total Tax: Year: 2022, Amount: $867.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Jackson Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2018
Sold by
Jecs Properties Llc
Bought by
Horizon Management Lc
Current Estimated Value
$128,950

Purchase Details

Closed on
Sep 11, 2006
Sold by
Mortgage Electronic Registration Systems
Bought by
Countrywide Bank Na

Purchase Details

Closed on
Jan 27, 2006
Sold by
Hasche Llc
Bought by
Adams Renetta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
8.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2006
Sold by
Hegge Hans H
Bought by
Hasche

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
8.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2005
Sold by
Brow William C and Brow Penny D
Bought by
Hegge Hans

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,150
Interest Rate
8.8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 29, 1997
Sold by
Ferris Robert A and Rosella May
Bought by
Brow William C and Brow Penny D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Horizon Management Lc $58,000 None Available
Countrywide Bank Na -- None Available
Adams Renetta -- Triunion Title
Adams Renetta $110,000 Triunion Title
Hasche -- None Available
Hegge Hans $39,000 At
Brow William C -- --
Brow William C $55,000 The Title Office Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adams Renetta $99,000
Previous Owner Hegge Hans $33,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2024 09/05/24 Sold $140,000 -6.7% $46 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
06/21/2024 06/21/24 Price Changed $150,000 -3.2% $49 / Sq Ft
04/16/2024 04/16/24 For Sale $155,000 -- $51 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,787 $30,000 $0 $0
2024 $15 $28,700 $0 $0
2023 $1,483 $24,800 $0 $0
2022 $867 $19,400 $0 $0
2021 $858 $17,650 $0 $0
2020 $848 $16,250 $0 $0
2019 $825 $11,750 $0 $0
2018 $640 $9,450 $0 $0
2017 $587 $9,150 $0 $0
2016 $506 $10,200 $10,200 $0
2015 $552 $9,600 $9,600 $0
2014 $552 $8,900 $8,900 $0
2013 -- $8,900 $8,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50138794

Michigan Multiple Listing Service

APN: 4-043500000