612 Lansing Ave Jackson, MI 49202
Arts District NeighborhoodEstimated payment $1,109/month
Total Views
123,970
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- 1 Fireplace
- 6 Car Garage
- Level Lot
- Forced Air Heating System
- High Speed Internet
About This Home
This 4 unit apartment building has been fully remodeled with new, long lasting laminate and vinyl plank flooring, water heater, and appliances. This investment is professionally managed and city certified, and priced at an above average 10% CAP rate. A four-plex provides a more stable income since 3 units pay the mortgage.
- All 4 Apartments Remodeled
- New exterior paint on building decks, and stairs.
- New Laminate and Vinyl plank flooring
- New Water heater
- Parking for 6
- Professionally managed and maintained
- City certified until March 2026
- Excellent location
- Long-term tenants, pre-screened by property management
Listing Agent
Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 03/31/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,451
Year Built
- Built in 1920
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 72x228
- Level Lot
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
Parking
- 6 Car Garage
- Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
Overview
- 4 Units
- C E Webb's N Add Subdivision
Building Details
- Operating Expense $11,929
- Gross Income $29,400
- Net Operating Income $17,471
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,548 | $66,700 | $0 | $0 |
| 2024 | $2,204 | $59,000 | $0 | $0 |
| 2023 | $2,115 | $45,600 | $0 | $0 |
| 2022 | $2,329 | $36,100 | $0 | $0 |
| 2021 | $2,304 | $32,600 | $0 | $0 |
| 2020 | $1,332 | $29,650 | $0 | $0 |
| 2019 | $1,295 | $21,100 | $0 | $0 |
| 2018 | $1,232 | $24,450 | $0 | $0 |
| 2017 | $1,123 | $23,350 | $0 | $0 |
| 2016 | $955 | $20,500 | $20,500 | $0 |
| 2015 | $1,486 | $18,900 | $18,900 | $0 |
| 2014 | $1,486 | $23,950 | $23,950 | $0 |
| 2013 | -- | $23,950 | $23,950 | $0 |
Source: Public Records
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $27,500 | Midstate Title Agency |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Credit Line Revolving |
Source: Public Records
About the Listing Agent
Doug grew up in Jackson County, Michigan, and is the Principal Partner of BNR Real Estate Group. After serving as a Sergeant in the US Marines Corps and graduating from Siena Heights University, he fulfilled a career in marketing and operations across the mid-west United States with the Sam's Club Division of Wal-Mart Stores Inc.
Doug has worked in residential, commercial, and investment real estate in the southern Michigan area for over fifteen years. He utilizes his sales, marketing, and
Doug's Other Listings
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25012505
APN: 2-113800000
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