Property Type:
Multi Family
Lot Size (sq. ft.):
2,178
Status:
Active Contingent
Current Price:
$99,900
List Date:
1/04/2026
Last Modified:
2/06/2026
505-507 2nd Street, Jackson, MI 49203
$99,900
Description
Income producing Duplex with side by side 2 bedroom, 1 bath units. Located just minutes from the Central Business District of Jackson, MI, this CITY-CERTIFIED and PROFESSIONALLY MANAGED investment property offers exceptional income potential with a 10%+ CAP Rate. The property features two spacious 2-bedroom, 1-bathroom units, all with Professional Property Manager screened, long- term tenants. The current owners have upgraded both units with new flooring, appliances, paint, and remodeling to meet city requirements, ensuring smooth operation and strong tenant retention.
More Information MLS# 25046452
Location & Property Info
Cross Streets: S off W Franklin
Property Sub-Type: 2 to 4 Units
Area: Jackson County - JX
Municipality: Jackson City
Subdivision: Livermore Wood & Eaton's Add
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 48.38
General Property Info
New Construction: No
Lot Dimensions: 38x55
Financial Available: Yes
Financial Comments: NDA Required
Road Frontage: 38
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-08-23
Waterfront: No
Basement: Yes
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2065
Total Parking Spaces: 4
School District: Jackson
Lot Measurement: Acres
Lot Square Footage: 2178
Lot Acres: 0.05
Year Built: 1930
Tax Info
Taxable Value: 27944
SEV: 47500
For Tax Year: 2025
Seller's Annual Property Tax: 1895
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: R-3
Tax ID #: 3-000600000
Remarks & Misc
Public Remarks: Income producing Duplex with side by side 2 bedroom, 1 bath units. Located just minutes from the Central Business District of Jackson, MI, this CITY-CERTIFIED and PROFESSIONALLY MANAGED investment property offers exceptional income potential with a 10%+ CAP Rate. The property features two spacious 2-bedroom, 1-bathroom units, all with Professional Property Manager screened, long- term tenants. The current owners have upgraded both units with new flooring, appliances, paint, and remodeling to meet city requirements, ensuring smooth operation and strong tenant retention.
Legal: W 55.13 FT OF S 37.5 FT OF LOT 3 BLK 8 LIVERMORE WOOD & EATON'S ADD
Lot Description
Level: 1
Sidewalk: 1
Income and Expenses
Gross Op. Inc.: 19500
Net Operating Income: 10800
Operating Expense: 8700
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
High Speed Internet: 1
Phone Available: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
FHA: 1
Tax Def Exchange: 1
VA Loan: 1
Mineral Rights
Unknown: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Paved: 1
Substructure
Full: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1
Unit Description: 505
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 507
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Jackson
Street #: 505-507
Street Name: 2nd
Suffix: Street
State: MI
Zip Code: 49203
OfficeContract Info
Status: Active Contingent
Current Price: $99,900
List Price: $99,900
Listing Date: 2025-09-10
Remarks Misc
Directions: S off W Franklin, E of Fourth
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; High Speed Internet; Phone Available
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; Tax Def Exchange; VA Loan
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Listing Office:
Coldwell Banker Beiswanger Realty Group
Listing Agent:
Doug Beiswanger
Last Updated: February - 06 - 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.
