NOT LISTED FOR SALE

Estimated Value: $151,000 - $189,000

4 Beds
2 Baths
-- Sq Ft
0.4 Acres

Last Sold May 11, 2023

Last sale price $155,000

Est. 11% increase in value since last sale

Current estimated payment $1,276/month

6 Days on Market

Highlights

  • 0.4 Acre Lot
  • Forced Air Heating and Cooling System
  • Level Lot
  • Sharp Park Academy Rated A-

About This Home

As of May 2023

Great Investment Opportunity just minutes from downtown Jackson. Fully Occupied Ranch Duplex with a Detached 3.5 Car Garage (2 doors have openers & keyless entry). Both units offer 2BR/1BA and 988 Sq Ft., each unit has its own private basement w/utility area and washing machine & dryer (belong to current tenants). Front Unit (#752) includes central air, dishwasher, electric stove, breakfast bar and is leased through 07/2024. Rear Unit (#754) has gas stove & refrigerator and is leased through 01/2024. Owner pays trash, water & sewer. This Duplex has been owned by 2 generations of the same family since 1986 and has been very well maintained. Seller has received an offer and is requesting all offers be submitted no later than Sunday, March 5th at 5:00 pm. Seller will respond to all offers Sunday evening.

Last Agent to Sell the Property

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416 Listed on: 03/01/2023

HOWARD HANNA REAL ESTATE SERVI

Last Buyer's Agent

Thinking Real - Jacq STAFF

THINKING REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1945

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 66x264
  • Level Lot

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units
  • Washington's Plat Subdivision

Building Details

  • Insurance Expense $2,000
  • Manager Expense $1,200
  • Utility Expense $1,560
  • Operating Expense $4,760
  • Gross Income $19,200
  • Net Operating Income $14,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,017

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1945
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x264
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2016.6
  • Tax Info:Zoning3: R-2
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Location Property Info:Subdivision2: Washington's Plat
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 129900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.4
  • Lot Size Area: 0.4
  • Lot Size Sq Ft: 17424.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 19200.0
  • Insurance Expense: 2000.0
  • Manager Expense: 1200.0
  • Net Operating Income: 14440.0
  • Number of Units Total: 2
  • Operating Expense: 4760.0

Tax Info

  • Tax Annual Amount: 2016.6
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2021
Sold by
Murphy James L
Bought by
Murphy Brent A
Current Estimated Value
$172,334
Source: Public Records

Range of Values:

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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
Murphy Brent A -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2023 05/11/23 Sold $155,000 +19.3% --
03/07/2023 03/07/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $129,900 -- --
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 $4,145 $58,700 $0 $0
2024 $3,586 $60,400 $0 $0
2023 $2,108 $53,600 $0 $0
2022 $2,017 $45,800 $0 $0
2021 $2,002 $35,150 $0 $0
2020 $1,979 $32,050 $0 $0
2019 $3,120 $52,150 $0 $0
2018 $2,976 $46,750 $0 $0
2017 $2,728 $50,000 $0 $0
2016 $2,352 $44,800 $44,800 $0
2015 $2,565 $43,000 $43,000 $0
2014 $2,565 $44,150 $0 $0
2013 -- $44,150 $44,150 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23005940

Southwestern Michigan Association of REALTORS®

APN: 3-027100000