$800,000
Jackson, MI 49201
MLS# 23030362
Status: Sold
1 / 12
Property Description
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.
Details
Maps
Location Property Info
County: Jackson
Street #: 7657
Street Name: Ann Arbor
Suffix: Road
State: MI
Zip Code: 49201
Zip (4): 9694
Area: Jackson County - JX
OfficeContract Info
Status: Sold
Current Price: $800,000
List Price: $1,300,000
Listing Date: 2023-08-17
General Property Info
Lot Measurement: Acres
Lot Square Footage: 143748
Lot Acres: 3.3
Lot Dimensions: 338x612
Year Built: 1945
New Construction: No
Financial Available: Yes
Financial Comments: NDA & Proof of Ability to Purchase Required
Road Frontage: 338
Total # Units: 26
# of Diff Unit Floor Plans: 3
Total # Bldgs: 4
Total Approx. SqFt All Bldgs: 9250
Total Parking Spaces: 100
Waterfront: No
School District: East Jackson
Tax Info
Tax ID #: 000-09-23-402-006-00
Taxable Value: 149111
SEV: 149111
For Tax Year: 2023
Seller's Annual Property Tax: 7860
Tax Year: 2022
Spec Assessment & Ty: None Known
Zoning: B-4 Gen
Remarks Misc
Directions: Along I-94, E of Sargent Rd and W of Race Rd. Both provide access to the property.
Status Change Info
Under Contract Date: 2023-10-02
Sold Date: 2023-11-17
Sold Price: $800,000
Sold Price/SqFt: 86.49
Access Feat
Accessibility Features: No
Income and Expenses
Gross Op. Inc.: 208000
Net Operating Income: 112000
Operating Expense: 96000
Unit 1
Unit Description: New Updated
Identical Units: 7
Occupied: Yes
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: Original Updated
Identical Units: 8
Occupied: Yes
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: Original Not Updated
Identical Units: 11
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Crawl Space; Full
Lot Description: Level
Sewer: Septic Tank
Water: Well
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: None
Extras: Laundry Facility; Tenant Storage
Owner Pays: Electricity; Gas; Trash Collection
Tenant Pays: None
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water; Radiant
Air Conditioning: Central Air; Window Unit(s)
Driveway: Aggregate
Street Type: Paved; Public
Terms Available: Cash; Conventional; Tax Def Exchange
Sale Conditions: None
Unit 1: A/C Unit; Central Air; Refrigerator
Unit 2: A/C Unit; Central Air; Refrigerator
Unit 3: A/C Unit; Central Air; Refrigerator
Listing Office: Coldwell Banker Beiswanger Realty Group
Last Updated: November - 17 - 2023
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
