315 S Jackson Street 315, Hanover, MI 49241

New Listing
$1,500,000
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

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

More Information MLS# 26009926

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

General Property Info

New Construction: No Lot Dimensions: 601,333.6 Road Frontage: 978.5 Waterfront: No Basement: Yes Total # Units: 12 # of Diff Unit Floor Plans: 1 Total # Bldgs: 7 Total Parking Spaces: 24 School District: Hanover-Horton Association YN: No Lot Measurement: Acres Lot Square Footage: 566280 Lot Acres: 13 Year Built: 1964

Tax Info

Taxable Value: 139513 SEV: 500700 For Tax Year: 2025 Seller's Annual Property Tax: 7550.78 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: 0 Tax ID #: 000-17-28-126-006-00

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: 1 Level: 1 Sidewalk: 1 Tillable: 1 Wooded: 1

Street Type

Dirt: 1 Private: 1

Util Avail at Street

High Speed Internet: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Septic Tank: 1 Shared Septic: 1

Water

Shared Well: 1 Well: 1

Terms Available

Cash: 1 Conventional: 1

Mineral Rights

Unknown: 1

Laundry Features

Gas Dryer Hookup: 1 Laundry Room: 1 Main Level: 1 Washer Hookup: 1

Exterior Material

Aluminum Siding: 1 Block: 1 Brick: 1 Stone: 1 Vinyl Siding: 1

Roofing

Composition: 1 Metal: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Forced Air: 1 Hot Water: 1 Radiant: 1

Air Conditioning

Central Air: 1 Window Unit(s): 1

Access Feat

Accessibility Features: Yes

Accessibility Feat

Accessible Mn Flr Be: 1 Lever Door Handles: 1 No Step Entrance: 1

Tenant Pays

Electric: 1 Gas: 1

Driveway

Aggregate: 1 Concrete: 1 Shared Unpaved: 1 See Remarks: 1

Substructure

Crawl Space: 1 Full: 1 Partial: 1 Slab: 1

Extras

Carports: 1 Garages: 1 Sep Electric Meter: 1 Sep Gas Meter: 1

Owner Pays

Trash Collection: 1

Unit 1

Unit #: 315 Unit Description: Single Family SqFt: 650 Occupied: Yes Monthly Rent: 855 Bedrooms: 1 Bathrooms: 1 Full Baths: 1 Barrier Free: 1 Carport: 1 Central Air: 1 Deck/Patio: 1 Range Oven: 1 Refrigerator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 2

Unit #: 206 Unit Description: duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 755 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Deck/Patio: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 3

Unit #: 319 Unit Description: Single Family Identical Units: 10 SqFt: 1100 Occupied: Yes Monthly Rent: 600 Bedrooms: 3 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Deck/Patio: 1 Dishwasher: 1 Garage: 1 Refrigerator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 4

Unit #: 208 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 730 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Deck/Patio: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 5

Unit #: 212 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 780 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 6

Unit #: 214 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 775 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 7

Unit #: 218 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Sep. Heat System: 1 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Refrigerator: 1 Monthly Rent: 775 Range/Oven: 1 Washer/Dryer: 1

Unit 8

Unit #: 220 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 800 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 9

Unit #: 224 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 825 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refrigerator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 10

Unit #: 226 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 825 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refriderator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 11

Unit #: 316 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 825 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Refriderator: 1 Sep. Heat System: 1 W/D Hookup: 1

Unit 12

Unit #: 314 Unit Description: Duplex Identical Units: 10 SqFt: 750 Occupied: Yes Monthly Rent: 905 Bedrooms: 2 Bathrooms: 1 Full Baths: 1 Range/Oven: 1 Sep. Heat System: 1

Possession

Negotiable: 1 See Remarks: 1 Subject To Tenant Rights: 1

Location Property Info

County: Jackson Street #: 315 Street Direction: S Street Name: Jackson Suffix: Street State: MI Zip Code: 49241 Zip (4): 8300

OfficeContract Info

Status: Active Current Price: $1,500,000 List Price: $1,500,000 Listing Date: 2026-03-15

Remarks Misc

Directions: Roundtree Rd to Seward St or State St to south on Dean St.

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; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 3: Range/Oven; Deck/Patio; Dishwasher; Garage; 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

Documents

Listing Office: Coldwell Banker Groves Real Estate
Listing Agent: Crystal Dane
IDX
Last Updated: March - 16 - 2026
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