Property Type:
Multi Family
Lot Size (sq. ft.):
566,280
Status:
Active
Current Price:
$1,500,000
List Date:
3/16/2026
Last Modified:
3/16/2026
315 S Jackson Street 315, Hanover, MI 49241
New Listing
$1,500,000
Overview
Description
Excellent multifamily investment opportunity offering 12 income-producing units situated on approximately 13 acres in the Village of Hanover. The property includes five duplex buildings and two single-family homes, providing a diverse unit mix and strong rental demand.This portfolio has benefited from significant recent improvements, helping reduce future capital expenses and making it a low-maintenance investment for the next owner. The property has maintained consistently strong occupancy, with all units currently leased, providing stable income and reliable cash flow.In addition to the existing rental income, the property offers future upside potential with the 13 acres of land primed for development.Wickman Apartments Portfolio represents a compelling investment opportunity for investors seeking both current cash flow and long-term growth potential.
5 parcels total. 000-17-28-126-015-01, 000-17-28-126-015-02, 000-17-28-127-003-02, 000-17-28-127-003-01
Listing Details MLS# 26009926
Location Property Info
- County
- Jackson
- Street #
- 315
- Street Direction
- S
- Street Name
- Jackson
- Suffix
- Street
- State
- MI
- Zip Code
- 49241
- Zip (4)
- 8300
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 566280
- Lot Acres
- 13
- Lot Dimensions
- 601,333.6
- Year Built
- 1964
- New Construction
- No
- Road Frontage
- 978.5
- Total # Units
- 12
- # of Diff Unit Floor Plans
- Yes
- Total # Bldgs
- 7
- Total Parking Spaces
- 24
- Waterfront
- No
- School District
- Hanover-Horton
- Association YN
- No
- Basement
- Yes
Tax Info
- Tax ID #
- 000-17-28-126-006-00
- Taxable Value
- 139513
- SEV
- 500700
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 7550.78
- Tax Year
- 2025
- Homestead %
- 0
- Spec Assessment & Ty
- No
Remarks Misc
- Directions
- Roundtree Rd to Seward St or State St to south on Dean St.
Access Feat
- Accessibility Features
- Yes
More Information
Unit 1
- Unit #
- 315
- Unit Description
- Single Family
- SqFt
- 650
- Occupied
- Yes
- Monthly Rent
- 855
- Bathrooms
- Yes
- Full Baths
- Yes
- Barrier Free
- Yes
- Carport
- Yes
- Central Air
- Yes
- Deck/Patio
- Yes
- Range Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 2
- Unit #
- 319
- Unit Description
- duplex
- SqFt
- 1100
- Occupied
- Yes
- Monthly Rent
- 600
- Bathrooms
- Yes
- Full Baths
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Garage
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 3
- Unit #
- 206
- Unit Description
- Single Family
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 755
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- Deck/Patio
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 4
- Unit #
- 208
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 730
- Bathrooms
- Yes
- Full Baths
- Yes
- Deck/Patio
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 5
- Unit #
- 212
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 780
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 6
- Unit #
- 214
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 775
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 7
- Unit #
- 218
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- Monthly Rent
- 775
- Sep. Heat System
- Yes
- Refrigerator
- Yes
- Range/Oven
- Yes
- Washer/Dryer
- Yes
Unit 8
- Unit #
- 220
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 800
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 9
- Unit #
- 224
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 825
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 10
- Unit #
- 226
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 825
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- Refriderator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 11
- Unit #
- 316
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 825
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- Refriderator
- Yes
- Sep. Heat System
- Yes
- W/D Hookup
- Yes
Unit 12
- Unit #
- 314
- Unit Description
- Duplex
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 905
- Bathrooms
- Yes
- Full Baths
- Yes
- Range/Oven
- Yes
- Sep. Heat System
- Yes
Location & Property Info
- Unit #
- 315
- Cross Streets
- Seward St and State St
- Property Sub-Type
- 5+ Units
- Municipality
- Hanover Vlg
- Ownership Type
- Private Owned
Office/Contract Info
- Auction or For Sale
- For Sale
Remarks & Misc
- Public Remarks
- Excellent multifamily investment opportunity offering 12 income-producing units situated on approximately 13 acres in the Village of Hanover. The property includes five duplex buildings and two single-family homes, providing a diverse unit mix and strong rental demand.This portfolio has benefited from significant recent improvements, helping reduce future capital expenses and making it a low-maintenance investment for the next owner. The property has maintained consistently strong occupancy, with all units currently leased, providing stable income and reliable cash flow.In addition to the existing rental income, the property offers future upside potential with the 13 acres of land primed for development.Wickman Apartments Portfolio represents a compelling investment opportunity for investors seeking both current cash flow and long-term growth potential. 5 parcels total. 000-17-28-126-015-01, 000-17-28-126-015-02, 000-17-28-127-003-02, 000-17-28-127-003-01
- Legal
- LOTS 11 AND 12 LONE OAK SUBDIVISION VILLAGE OF HANOVER
Lot Description
- Corner Lot
- Yes
- Level
- Yes
- Sidewalk
- Yes
- Tillable
- Yes
- Wooded
- Yes
Street Type
- Dirt
- Yes
- Private
- Yes
Util Avail at Street
- High Speed Internet
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Septic Tank
- Yes
- Shared Septic
- Yes
Water
- Shared Well
- Yes
- Well
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
Mineral Rights
- Unknown
- Yes
Laundry Features
- Gas Dryer Hookup
- Yes
- Laundry Room
- Yes
- Main Level
- Yes
- Washer Hookup
- Yes
Exterior Material
- Aluminum Siding
- Yes
- Block
- Yes
- Brick
- Yes
- Stone
- Yes
- Vinyl Siding
- Yes
Roofing
- Composition
- Yes
- Metal
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
- Hot Water
- Yes
- Radiant
- Yes
Air Conditioning
- Central Air
- Yes
- Window Unit(s)
- Yes
Accessibility Feat
- Accessible Mn Flr Be
- Yes
- Lever Door Handles
- Yes
- No Step Entrance
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Driveway
- Aggregate
- Yes
- Concrete
- Yes
- Shared Unpaved
- Yes
- See Remarks
- Yes
Substructure
- Crawl Space
- Yes
- Full
- Yes
- Partial
- Yes
- Slab
- Yes
Extras
- Carports
- Yes
- Garages
- Yes
- Sep Electric Meter
- Yes
- Sep Gas Meter
- Yes
Owner Pays
- Trash Collection
- Yes
Possession
- Negotiable
- Yes
- See Remarks
- Yes
- Subject To Tenant Rights
- Yes
Property Features
Laundry Features:
Gas Dryer Hookup; Laundry Room; Main Level; Washer Hookup
Accessibility Feat:
Accessible Mn Flr Be; Lever Door Handles; No Step Entrance
Exterior Material:
Aluminum Siding; Block; Brick; Stone; Vinyl Siding
Roofing:
Composition; Metal
Substructure:
Crawl Space; Full; Partial; Slab
Lot Description:
Corner Lot; Level; Sidewalk; Tillable; Wooded
Sewer:
Septic Tank; Shared Septic
Water:
Shared Well; Well
Utilities Attached:
Electricity Connected; Natural Gas Connected
Util Avail at Street:
High Speed Internet
Extras:
Carports; Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays:
Trash Collection
Tenant Pays:
Electric; Gas
Heat Source:
Natural Gas
Heat Type:
Forced Air; Hot Water; Radiant
Air Conditioning:
Central Air; Window Unit(s)
Driveway:
Aggregate; Concrete; Shared Unpaved; See Remarks
Street Type:
Dirt; Private
Mineral Rights:
Unknown
Terms Available:
Cash; Conventional
Possession:
Negotiable; See Remarks; Subject To Tenant Rights
Sale Conditions:
None
Unit 1:
Barrier Free; Carport; Central Air; Deck/Patio; Range Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 2:
Deck/Patio; Dishwasher; Garage; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 3:
Range/Oven; Deck/Patio; Refrigerator; Sep. Heat System; W/D Hookup
Unit 4:
Deck/Patio; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 5:
Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 6:
Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 7:
Sep. Heat System; Refrigerator; Range/Oven; Washer/Dryer
Unit 8:
Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 9:
Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 10:
Range/Oven; Refriderator; Sep. Heat System; W/D Hookup
Unit 11:
Range/Oven; Refriderator; Sep. Heat System; W/D Hookup
Unit 12:
Range/Oven; Sep. Heat System
Listing Office:
Coldwell Banker Groves Real Estate
Listing Agent:
Crystal Dane
Last Updated: March - 16 - 2026
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.
