NOT LISTED FOR SALE

7657 Ann Arbor Rd Jackson, MI 49201

Studio
-- Bath
9,220 Sq Ft
3.3 Acres Lot

Sale Details

Date 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

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
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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