NOT LISTED FOR SALE

7657 Ann Arbor Rd Jackson, MI 49201

Studio
-- Bath
9,220 Sq Ft
143,748 Sq Ft Lot

Last Sold November 17, 2023

Last sale price $800,000 $87 Per Sq Ft

46 Days on Market

Highlights

  • 3.3 Acre Lot
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Window Unit Cooling System
  • Hot Water Heating System
  • Level Lot

About This Home

As of November 2023

Built for locals and commuters alike, this 26-unit rental property is ready for its next investor. Location is key and this property can accommodate those seeking easy access to I-94 for both locals and commuters. 15 of 26 units recently updated. All units have A/C, cable, internet, refrigerator, and microwave. Priced at a CAP Rate of 8.5% this seller is ready to get a transaction closed. Contact Commercial Realtor with your questions.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group Listed on: 08/17/2023

Last Buyer's Agent

Todd Rowe

Coldwell Banker Beiswanger Realty Group License #6501429570

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,860

Year Built

  • Built in 1945

Lot Details

  • 3.3 Acre Lot
  • Lot Dimensions are 338x612
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 100 Parking Spaces
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Window Unit Heating System
  • Hot Water Heating System
  • Natural Gas Connected
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection, electricity, gas

Community Details

Overview

  • 4 Buildings
  • 26 Units

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $96,000
  • Gross Income $208,000
  • Net Operating Income $112,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,860

Year Built

Built in 1945

Lot Details

3.3 Acres

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1945
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 140.54
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 338x612
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: B-4 Gen
  • General Property Info:Total _pound_ Units: 26
  • General Property Info:Total _pound_ Bldgs: 4.0
  • 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
  • Heat Type:Hot Water: Yes
  • Heat Type:Radiant: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Crawl Space: Yes
  • Extras:Laundry Facility: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Full
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 1300000.0
  • Lot Features: Level
  • Number of Buildings: 4
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Aggregate, Driveway
  • Total Parking Spaces: 100.0
  • General Property Info:Total Parking Spaces: 100.0

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Hot Water, Radiant
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Acres: 3.3
  • Lot Size Area: 3.3
  • Lot Dimensions: 338x612
  • Lot Size Sq Ft: 143748.0
  • Zoning Description: B-4 Gen

Rental Info

  • Owner Pays: Trash Collection, Electricity, Gas
  • Tenant Pays: None

Multi Family

  • Gross Income: 208000.0
  • Net Operating Income: 112000.0
  • Number of Units Total: 26
  • Operating Expense: 96000.0

Tax Info

  • Tax Annual Amount: 7860.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2021
Sold by
Wypych Zdzislaw S and Wypych Ewa
Bought by
Gamez Properties Llc

Purchase Details

Closed on
Apr 27, 2009
Sold by
Michalec Elizabeth M and Chybowski Marianna
Bought by
Wypych Zdzislaw S and Wypych Ewa

Purchase Details

Closed on
Oct 1, 1992
Bought by
Schultz
Source: Public Records
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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
Gamez Properties Llc $570,000 First American Title Ins Co
Wypych Zdzislaw S $280,000 Cbs Title Agency
Schultz -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2023 11/17/23 Sold $800,000 -38.5% $87 / Sq Ft
08/17/2023 08/17/23 For Sale $1,300,000 -- $141 / Sq Ft
Source: MichRIC

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
2024 $62 $147,016 $0 $0
2023 $5,968 $142,211 $0 $0
2022 $7,627 $145,273 $0 $0
2021 $6,418 $140,252 $0 $0
2020 $6,444 $140,631 $0 $0
2019 $6,395 $145,025 $0 $0
2018 $6,256 $140,244 $38,268 $101,976
2017 $5,958 $142,265 $0 $0
2016 $4,640 $137,747 $82,251 $55,496
2015 -- $142,604 $142,604 $0
2014 -- $133,083 $0 $0
2013 -- $133,083 $133,083 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23030362

MichRIC

APN: 000-09-23-402-006-00

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