1024 S BROWN, Jackson, MI 49203

$2,225,000
Property Type: Multi Family Lot Size (sq. ft.): 198,198 Status: Sold
Current Price: $2,600,000 List Date: 4/06/2021 Last Modified: 7/23/2021

Overview

Description

Park-like setting for this one of a kind complex nestled in a quaint residential community. Garden style complex with separate entrances for every four units. Well maintained inside and out, with many capital improvements including the roof, all new parking lot, hot water tanks, new carpeting, lighting and more. Seller is motivated and wants to redistribute their capitol. Bring all offers.

Listing Details MLS# 21034750

Location Property Info

County
Jackson
Street #
1024
Street Direction
S
Street Name
BROWN
State
MI
Zip Code
49203

General Property Info

Lot Measurement
Acres
Lot Square Footage
198198
Lot Acres
4.55
Lot Dimensions
66x893
Year Built
1950
New Construction
No
Total # Units
54
Waterfront
No
Body of Water
None
School District
Jackson

Tax Info

Tax ID #
000-13-04-326-006-00
Taxable Value
735210
SEV
844900
Seller's Annual Property Tax
43006
Tax Year
20

Remarks Misc

Directions
Brown S of Morrell by Cascades

Status Change Info

Under Contract Date
2020-08-24
Sold Date
2021-04-06

More Information

Waterfront Options

Water Access Y/N
No Water Selection

Income and Expenses

Net Operating Income
700000
Operating Expense
200000
Gross Op. Inc.
0

Unit 1

SqFt
800
Monthly Rent
800
Full Baths
Yes

Unit 2

SqFt
700
Monthly Rent
700
Full Baths
Yes

Location & Property Info

Municipality
Summit Twp
Subdivision
None

Remarks & Misc

Legal
Sec 35

Water Type

Other
Yes

Lot Description

Sidewalk
Yes

Street Type

Paved
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Terms Available

Cash
Yes
Conventional
Yes

Mineral Rights

Unknown
Yes

Association Info.

Approx. Assoc Fee
0
Assoc. Fee Payable
None

Exterior Material

Brick
Yes

Heat Source

Natural Gas
Yes

Tenant Pays

Electric
Yes
Gas
Yes

Driveway

Paved
Yes

Substructure

Slab
Yes

Owner Pays

Trash Collection
Yes
Water
Yes

Property Features

Water Type: Other Exterior Material: Brick Substructure: Slab Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Owner Pays: Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Driveway: Paved Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional
Listing Office: NON-MEMBER REALTOR 'LIST'
Listing Agent: NON-MBR 'LIST' NON-MBR 'LIST'
IDX
Last Updated: July - 23 - 2021
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.