$305,000
$320,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
1.36 Acres Lot
SOLD DATE : 08/12/2021
Key Details
Sold Price $305,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Belmont Park
MLS Listing ID 55021095218
Sold Date 08/12/21
Bedrooms 4
Originating Board Jackson Area Association of REALTORS
Year Built 1995
Annual Tax Amount $4,998
Lot Size 1.360 Acres
Acres 1.36
Lot Dimensions 323x129x153
Property Description
Great income/investment opportunity in Summit Township. Two duplex buildings, built in 1995. South building (410) units are both 1 bedroom, spacious 2nd floor bedroom, large bath with skylight, jetted tub & separate shower, large walk-in closet, 1.5 baths, main floor laundry - very attractive setup make for easy renting! North building (406) units are both 2 bedroom, 1.5 baths, good closet/storage space, main floor laundry. New roof on both buildings in Oct. 2020. Owner built this property to be maintenance free & attractive apartments for tenants, and it has been a great investment, and will continue to be one! Owner has never had an issue renting the apartments, rents are relatively low & could be increased. Storage shed space for each unit & paved driveway for each unit. Income growth opportunity with the inclusion of 6 additional vacant lots which could allow for extra units to be built for more income, if desired!
Location
State MI
County Jackson
Area Summit Twp
Direction NW corner of Franklin & 18th St
Interior
Interior Features Cable Available
Heating Forced Air, Space Heater
Fireplace no
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Road Frontage Paved
Garage no
Building
Foundation Crawl
Sewer Sewer-Sanitary, Sewer at Street
Water Water at Street, Municipal Water
Structure Type Stone,Vinyl
Schools
School District Jackson
Others
Pets Allowed Yes
Tax ID 090130411312500
SqFt Source Assessors
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
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