NOT LISTED FOR SALE

714 S Gorham St Jackson, MI 49203

Poletown Neighborhood

Estimated Value: $109,000 - $143,000

4 Beds
2 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold March 26, 2014

Last sale price $35,000

Est. 216% increase in value since last sale

Current estimated payment $679/month

145 Days on Market

About This Home

As of March 2014

Large 2 unit within walking distance to public bus stop and parks. Property is already rented and showing a good cash flow. Separate tenant paid utilities. Property is located within walking distance to fire station so insurance company should be able to discount the insurance. This is a no brainer!!!

Last Agent to Sell the Property

Rob Gish

Your Future Investment Prop License #6502400209 Listed on: 10/04/2013

Last Buyer's Agent

Gena Foster

CHACE PROPERTIES LLC License #6502361281

CHACE PROPERTIES LLC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Aluminum Siding

Community Details

  • Operating Expense $4,021
  • Net Operating Income $135,929

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 29900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.4

Rental Info

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

Multi Family

  • Net Operating Income: 135929.0
  • Operating Expense: 4021.0

Tax Info

  • Tax Annual Amount: 982.8

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2014 03/26/14 Sold $35,000 -- --
02/26/2014 02/26/14 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 $1,208 $57,900 $0 $0
2024 $10 $46,400 $0 $0
2023 $980 $38,000 $0 $0
2022 $1,105 $35,000 $0 $0
2021 $1,097 $30,700 $0 $0
2020 $1,085 $28,700 $0 $0
2019 $1,055 $22,200 $0 $0
2018 $1,001 $20,700 $0 $0
2017 $908 $20,000 $0 $0
2016 $764 $17,600 $17,600 $0
2015 $535 $16,300 $16,300 $0
2014 $535 $10,100 $10,100 $0
2013 -- $10,100 $10,100 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rob Gish

    Your Future Investment Prop

  • Gena Foster

    Buyer's Agent in 2014

    Gena Foster

    CHACE PROPERTIES LLC

    (517) 416-3852

    1 in this area

    13 Total Sales

    Gena Foster
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Map

Source: MichRIC

MLS Number: 21035156

MichRIC

APN: 6-128700000

Michigan Jackson County Jackson 49203 Poletown

714 S Gorham St, Jackson, MI

Not Listed for Sale

MultiFamily

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