1024 S BROWN, Jackson, MI 49203 (MLS# 21034750)

1024 S BROWN, Jackson, MI 49203

$2,225,000

Property Type: Multi Family Lot Size (sq. ft.): 198,198 Status: Sold

Current Price: $2,225,000 List Date: 4/06/2021 Last Modified: 7/23/2021

Overview

Description

Park-like setting for this one of a kind complex nestled in a quaint residential community. Garden style complex with separate entrances for every four units. Well maintained inside and out, with many capital improvements including the roof, all new parking lot, hot water tanks, new carpeting, lighting and more. Seller is motivated and wants to redistribute their capitol. Bring all offers.

Listing Details MLS# 21034750

Location Property Info

County: Jackson
Street #: 1024
Street Direction: S
Street Name: BROWN
State: MI
Zip Code: 49203

General Property Info

Lot Measurement: Acres
Lot Square Footage: 198198
Lot Acres: 4.55
Lot Dimensions: 66x893
Year Built: 1950
New Construction: No
Total # Units: 54
Waterfront: No
Body of Water: None
School District: Jackson

Tax Info

Tax ID #: 000-13-04-326-006-00
Taxable Value: 735210
SEV: 844900
Seller's Annual Property Tax: 43006
Tax Year: 20

Remarks Misc

Directions: Brown S of Morrell by Cascades

Status Change Info

Under Contract Date: 2020-08-24
Sold Date: 2021-04-06

More Information

Waterfront Options

Water Access Y/N: No Water Selection

Income and Expenses

Net Operating Income: 700000
Operating Expense: 200000
Gross Op. Inc.: 0

Unit 1

SqFt: 800
Monthly Rent: 800
Full Baths: Yes

Unit 2

SqFt: 700
Monthly Rent: 700
Full Baths: Yes

Location & Property Info

Municipality: Summit Twp
Subdivision: None

Remarks & Misc

Legal: Sec 35

Water Type

Other: Yes

Lot Description

Sidewalk: Yes

Street Type

Paved: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Association Info.

Approx. Assoc Fee: 0
Assoc. Fee Payable: None

Exterior Material

Brick: Yes

Heat Source

Natural Gas: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

Paved: Yes

Substructure

Slab: Yes

Owner Pays

Trash Collection: Yes
Water: Yes

Property Features

Water Type: Other Exterior Material: Brick Substructure: Slab Lot Description: Sidewalk Sewer: Public Sewer Water: Public Water Owner Pays: Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Driveway: Paved Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional

Listing Office: NON-MEMBER REALTOR 'LIST'

Listing Agent: NON-MBR 'LIST' NON-MBR 'LIST'

Last Updated: July - 23 - 2021

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