NOT LISTED FOR SALE

837 Backus St Unit 3 Units Jackson, MI 49202

Bennett Neighborhood

Estimated Value: $124,000 - $194,000

3 Beds
3 Baths
2,158 Sq Ft
$76/Sq Ft Est. Value

Sale Details

Date Sold: March 28, 2014

Last sale price $50,000 $23 Per Sq Ft

Est. 228% increase in value since last sale

Current estimated payment $1,021 / mo

About This Home

As of March 2014

PROFITABLE 3 unit with separate utilities (Heat & Electric). Great Net Operating Income and Cash Flow. Cap rate performing at 25%. Tenants pay own utilities. Separate furnaces and meters. Units all rented and producing solid income for owner. Two units have garage space. Contact listing agent for your private tour.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 03/07/2014

Last Buyer's Agent

Corey Latocki

PRODUCTION REALTY - GRASS LAKE License #6501375767

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 66x115
  • Wooded Lot

Parking

  • Paved Parking

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas

Listing and Financial Details

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

Community Details

Overview

  • 3 Units
  • Foote & Bennetts Addition Subdivision

Building Details

  • Operating Expense $7,400
  • Net Operating Income $29,010

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1920
  • Driveway:Driveway: Paved
  • Mineral Rights:Mineral Rights: Unknown
  • Sewer:Sewer: Public Sewer
  • Lot Description:Lot Description: Wooded
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • List Price: 56000.0
  • Lot Features: Wooded
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air, Space Heater

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 66x115

Rental Info

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

Multi Family

  • Net Operating Income: 29010.0
  • Number of Units Total: 3
  • Operating Expense: 7400.0

Tax Info

  • Tax Annual Amount: 1516.0
  • Tax Year: 11

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

Listed on
Mar 7, 2014
Closed on
Mar 28, 2014
Sold by
Bought by
Seller's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Buyer's Agent
Corey Latocki
PRODUCTION REALTY - GRASS LAKE
Sold Price
$50,000
Current Estimated Value
$164,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,150
Avg. Annual Appreciation
10.11%
Original Mortgage
$45,703
Interest Rate
0.0434%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 7, 2014
Closed on
Mar 26, 2014
Sold by
Bought by
Seller's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Buyer's Agent
Corey Latocki
PRODUCTION REALTY - GRASS LAKE
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,703
Interest Rate
0.0434%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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

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
$50,000 Midstate Title Agency Of Sou
$33,000 Midstate Title Agency Of Sou
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $45,703
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
03/28/2014 03/28/14 Sold $50,000 -- $23 / Sq Ft
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 $1,525 $51,700 $0 $0
2025 $1,525 $58,400 $0 $0
2024 $15 $50,400 $0 $0
2023 $1,432 $38,700 $0 $0
2022 $1,577 $38,900 $0 $0
2021 $1,560 $35,400 $0 $0
2020 $1,730 $37,000 $0 $0
2019 $1,499 $24,550 $0 $0
2018 $1,430 $22,400 $0 $0
2017 $1,311 $20,450 $0 $0
2016 $1,130 $20,300 $20,300 $0
2015 $983 $22,150 $22,150 $0
2014 $983 $15,850 $15,850 $0
2013 -- $15,850 $15,850 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Doug Beiswanger

    Coldwell Banker Beiswanger Realty Group

    Section Image

  • C

    Buyer's Agent in 2014

    Corey Latocki

    PRODUCTION REALTY - GRASS LAKE

    Section Image
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Map

Source: MichRIC

MLS Number: 21032704

MichRIC

APN: 2-145100000

Michigan Jackson County Jackson 49202 Bennett

837 Backus St Unit 3 Units, Jackson, MI

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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