1434 LONGFELLOW AVE Units 1406-1488, Jackson, MI 49202 (MLS# 21034757)

1434 LONGFELLOW AVE Units 1406-1488, Jackson, MI 49202

$1,398,000

Property Type: Multi Family Lot Size (sq. ft.): 115,434 Status: Sold

Current Price: $1,500,000 List Date: 1/16/2018 Last Modified: 7/23/2021

Overview

Description

Turn-key investment. The Longfellow Apartments consists of 6 buildings 28 townhome units which are currently 100% leased. There are six 1300 sq.ft. ,3 bed/1.5 bath units, six 960 sq.ft., 2 bed/1.5 bath units, eight 1100 sq.ft, 2 bed/1.5 bath units and eight 1056 sq.ft., 2 bed/1.5 bath units all 2 story with full basements. Each unit with private entrances, tenants enjoy a sense of home ownership. Located out the city and near 94 and 127. Long term tenants in most units. Cap rate of 9%. Each unit is outfitted with separately-metered, gas-forced air furnaces and Central Air. Notable for investors is the excellent condition of this asset and numerous upgrades it’s received, such as 7 units fully remodeled, 15 new furnaces, 8 new A/C units, 12 new refrigerators, 7 new water heaters, vinyl

Supplements: siding and roofs new 2012. https://my.matterport.com/show/?m=W2XwLxecTF8 https://my.matterport.com/models/bbaVEX1DPhW?organization=1FKGa19CBKx

Listing Details MLS# 21034757

Location Property Info

County: Jackson
Street #: 1434
Street Name: LONGFELLOW AVE
State: MI
Zip Code: 49202

General Property Info

Lot Measurement: Acres
Lot Square Footage: 115434
Lot Acres: 2.65
Lot Dimensions: 275X450X275
Year Built: 1972
New Construction: No
Total # Units: 28
Waterfront: No
Body of Water: None
School District: Jackson

Tax Info

Tax ID #: 000-08-28-326-003-00
Taxable Value: 277942
SEV: 281000
Seller's Annual Property Tax: 14099.78
Tax Year: 2017
Spec Assessment & Ty: none

Remarks Misc

Directions: south of Boardman

Status Change Info

Under Contract Date: 2018-02-22
Sold Date: 2018-03-30

More Information

Waterfront Options

Water Access Y/N: No Water Selection

Unit 1

SqFt: 1100
Full Baths: Yes
Half Baths: Yes
Monthly Rent: 0

Unit 2

SqFt: 960
Full Baths: Yes
Half Baths: Yes
Monthly Rent: 0

Unit 3

SqFt: 1300
Full Baths: Yes
Half Baths: Yes

Unit 4

SqFt: 1056
Full Baths: Yes
Half Baths: Yes

Location & Property Info

Unit #: Units 1406-1488
Area: Jackson County - JX
Municipality: Blackman Twp
Subdivision: Oakwood Acres

Remarks & Misc

Legal: Lot 33,34, and 35 Oakwood Acres

Income and Expenses

Gross Op. Inc.: 0

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

Vinyl Siding: Yes

Heat Source

Natural Gas: Yes

Heat Type

Forced Air: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Substructure

Full: Yes

Owner Pays

Trash Collection: Yes
Water: Yes

Property Features

Exterior Material: Vinyl Siding Substructure: Full Sewer: Public Sewer Water: Public Water Owner Pays: Trash Collection; Water Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air Street Type: Paved Mineral Rights: Unknown Terms Available: Cash; Conventional

Documents

GIS ›

Updates and Layouts ›

Confidentialty Agreement ›

Listing Office: Sproat Realty Professionals-J

Listing Agent: SUSAN M MOHLMAN

Last Updated: July - 23 - 2021

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