$85,000
$88,900
4.4%For more information regarding the value of a property, please contact us for a free consultation.
1,342 SqFt
SOLD DATE : 05/07/2021
Key Details
Sold Price $85,000
Property Type Multi-Family
Sub Type Upper/Lower Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,342 sqft
Price per Sqft $63
Subdivision Summitville Add
MLS Listing ID 55202100784
Sold Date 05/07/21
Style Upper/Lower Apartment
Originating Board Jackson Area Association of REALTORS®
Year Built 1910
Annual Tax Amount $738
Lot Size 8,712 Sqft
Lot Dimensions 66x132
Property Description
Located near the Central Business District in the City of Jackson, this duplex is certified and making money. Both units are rented, one tenant has been there a very long time. Both units are 2 bedrooms with separate utilities. Property has a 2 car garage and is on a double lot. Property is currently producing approximately a 13% cap rate and DSCR of 1.45x for financing. Call for your private showing and we can make this your first or next income producing property in your portfolio.
Location
State MI
County Jackson
Area Jackson
Direction S off Randolph St, E of First St
Multi-Unit Info
Total Units 2
Interior
Hot Water Natural Gas
Heating Forced Air, Separate Meters
Heat Source Natural Gas
Exterior
Porch Patio, Porch
Road Frontage Paved, Pub. Sidewalk
Building
Sewer Sewer-Sanitary
Water Municipal Water
Level or Stories 2 Story
Structure Type Vinyl,Wood
Schools
School District Jackson
Others
Tax ID 4139800000
SqFt Source Estimated
Financing Cash,Conventional,FHA,VA
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Bought with HOWARD HANNA REAL ESTATE SERVI
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Managing Partner | License ID: 6506046014
280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States