NOT LISTED FOR SALE

Estimated Value: $152,000 - $197,000

4 Beds
2 Baths
-- Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: May 11, 2023

Last sale price $155,000

Est. 13% increase in value since last sale

Current estimated payment $1,193 / mo

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 Services License #6501335416 Listed on: 03/01/2023

Howard Hanna Real Estate Services

Last Buyer's Agent

Thinking Real - STAFF

THINKING REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1945

Lot Details

  • 17,424 Sq Ft Lot
  • Lot Dimensions are 66x264
  • Level Lot

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 5 Parking Spaces
  • Driveway

Utilities

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

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, 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

0.4 Acres

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
  • OfficeContract Info:List PriceSqFt2: 65.74
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x264
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • 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
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Location Property Info:Subdivision2: Washington's Plat
  • Extras:Sep Gas Meter: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Tax Info:Seller_squote_s Annual Property Tax2: 2016.6
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • 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
  • Heating: Yes
  • Utilities: Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.4
  • Lot Size Area: 0.4
  • Lot Dimensions: 66x264
  • Lot Size Sq Ft: 17424.0
  • Zoning Description: R-2

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2021
Sold by
Bought by
Current Estimated Value
$175,748
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,851 $63,500 $0 $0
2025 $2,851 $58,700 $0 $0
2024 $36 $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: MichRIC

MLS Number: 23005940

MichRIC

APN: 3-027100000

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