$85,000
$88,900
4.4%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
8,712 Sqft Lot
SOLD DATE : 05/07/2021
Key Details
Sold Price $85,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Summitville Add
MLS Listing ID 55021034762
Sold Date 05/07/21
Bedrooms 2
Originating Board Jackson Area Association of REALTORS
Year Built 1910
Annual Tax Amount $738
Lot Size 8,712 Sqft
Acres 0.2
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
Interior
Heating Forced Air, Space Heater
Fireplace no
Heat Source Natural Gas
Exterior
Waterfront no
Road Frontage Paved, Pub. Sidewalk
Garage no
Building
Foundation Basement
Sewer Sewer-Sanitary
Water Municipal Water
Structure Type Vinyl,Wood
Schools
School District Jackson
Others
Pets Allowed Yes
Tax ID 4139800000
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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Bought with HOWARD HANNA REAL ESTATE SERVI
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280 North Old Woodward Avenue, Suite 100, Birmingham, MI, 48009, United States