Property Type:
Multi Family
Lot Size (sq. ft.):
143,748
Status:
Sold
Current Price:
$1,300,000
List Date:
8/17/2023
Last Modified:
11/17/2023
7657 Ann Arbor Road, Jackson, MI 49201
$800,000
Overview
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.
Listing Details MLS# 23030362
Location Property Info
- County
- Jackson
- Street #
- 7657
- Street Name
- Ann Arbor
- Suffix
- Road
- State
- MI
- Zip Code
- 49201
- Zip (4)
- 9694
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
- Basement
- No
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
- Homestead %
- 0
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/SqFt
- 86.49
More Information
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
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Central Air
- Yes
- Refrigerator
- Yes
Unit 2
- Unit Description
- Original Updated
- Identical Units
- 8
- Occupied
- Yes
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Central Air
- Yes
- Refrigerator
- Yes
Unit 3
- Unit Description
- Original Not Updated
- Identical Units
- 11
- Bathrooms
- Yes
- Full Baths
- Yes
- A/C Unit
- Yes
- Central Air
- Yes
- Refrigerator
- Yes
Location & Property Info
- Cross Streets
- E of Sargent Rd/W of Race Rd
- Property Sub-Type
- 5+ Units
- Area
- Jackson County - JX
- Municipality
- Leoni Twp
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 140.54
Remarks & Misc
- Legal
- SEC 23 T2S R1E
Lot Description
- Level
- Yes
Street Type
- Paved
- Yes
- Public
- Yes
Util Avail at Street
- None
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Septic Tank
- Yes
Water
- Well
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
- Tax Def Exchange
- Yes
Exterior Material
- Vinyl Siding
- Yes
Roofing
- Composition
- 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
Tenant Pays
- None
- Yes
Driveway
- Aggregate
- Yes
Substructure
- Crawl Space
- Yes
- Full
- Yes
Extras
- Laundry Facility
- Yes
- Tenant Storage
- Yes
Owner Pays
- Electricity
- Yes
- Gas
- Yes
- Trash Collection
- Yes
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
Listing Agent:
Beiswanger Team
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.
