7657 Ann Arbor Road, Jackson, MI 49201 (MLS# 23030362)

7657 Ann Arbor Road, Jackson, MI 49201

$800,000

Property Type: Multi Family Lot Size (sq. ft.): 143,748 Status: Sold

Current Price: $800,000 List Date: 8/17/2023 Last Modified: 11/17/2023

Overview

Description

Built for locals and commuters alike, this 26-unit rental property is ready for its next investor. Location is key and this property can accommodate those seeking easy access to I-94 for both locals and commuters. 15 of 26 units recently updated. All units have A/C, cable, internet, refrigerator, and microwave. Priced at a CAP Rate of 8.5% this seller is ready to get a transaction closed. Contact Commercial Realtor with your questions.

Listing Details MLS# 23030362

Location Property Info

County: Jackson
Street #: 7657
Street Name: Ann Arbor
Suffix: Road
State: MI
Zip Code: 49201
Zip (4): 9694

General Property Info

Lot Measurement: Acres
Lot Square Footage: 143748
Lot Acres: 3.3
Lot Dimensions: 338x612
Year Built: 1945
New Construction: No
Financial Available: Yes
Financial Comments: NDA & Proof of Ability to Purchase Required
Road Frontage: 338
Total # Units: 26
# of Diff Unit Floor Plans: 3
Total # Bldgs: 4
Total Approx. SqFt All Bldgs: 9250
Total Parking Spaces: 100
Waterfront: No
School District: East Jackson
Basement: No

Tax Info

Tax ID #: 000-09-23-402-006-00
Taxable Value: 149111
SEV: 149111
For Tax Year: 2023
Seller's Annual Property Tax: 7860
Tax Year: 2022
Spec Assessment & Ty: None Known
Zoning: B-4 Gen
Homestead %: 0

Remarks Misc

Directions: Along I-94, E of Sargent Rd and W of Race Rd. Both provide access to the property.

Status Change Info

Under Contract Date: 2023-10-02
Sold Date: 2023-11-17
Sold Price/SqFt: 86.49

More Information

Access Feat

Accessibility Features: No

Income and Expenses

Gross Op. Inc.: 208000
Net Operating Income: 112000
Operating Expense: 96000

Unit 1

Unit Description: New Updated
Identical Units: 7
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes
Refrigerator: Yes

Unit 2

Unit Description: Original Updated
Identical Units: 8
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes
Refrigerator: Yes

Unit 3

Unit Description: Original Not Updated
Identical Units: 11
Bathrooms: Yes
Full Baths: Yes
A/C Unit: Yes
Central Air: Yes
Refrigerator: Yes

Location & Property Info

Cross Streets: E of Sargent Rd/W of Race Rd
Property Sub-Type: 5+ Units
Area: Jackson County - JX
Municipality: Leoni Twp

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 140.54

Remarks & Misc

Legal: SEC 23 T2S R1E

Lot Description

Level: Yes

Street Type

Paved: Yes
Public: Yes

Util Avail at Street

None: Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Septic Tank: Yes

Water

Well: Yes

Terms Available

Cash: Yes
Conventional: Yes
Tax Def Exchange: Yes

Exterior Material

Vinyl Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes
Hot Water: Yes
Radiant: Yes

Air Conditioning

Central Air: Yes
Window Unit(s): Yes

Tenant Pays

None: Yes

Driveway

Aggregate: Yes

Substructure

Crawl Space: Yes
Full: Yes

Extras

Laundry Facility: Yes
Tenant Storage: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Trash Collection: Yes

Property Features

Exterior Material: Vinyl Siding Roofing: Composition Substructure: Crawl Space; Full Lot Description: Level Sewer: Septic Tank Water: Well Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at Street: None Extras: Laundry Facility; Tenant Storage Owner Pays: Electricity; Gas; Trash Collection Tenant Pays: None Heat Source: Natural Gas Heat Type: Forced Air; Hot Water; Radiant Air Conditioning: Central Air; Window Unit(s) Driveway: Aggregate Street Type: Paved; Public Terms Available: Cash; Conventional; Tax Def Exchange Sale Conditions: None Unit 1: A/C Unit; Central Air; Refrigerator Unit 2: A/C Unit; Central Air; Refrigerator Unit 3: A/C Unit; Central Air; Refrigerator

Listing Office: Coldwell Banker Beiswanger Realty Group

Listing Agent: Beiswanger Team

Last Updated: November - 17 - 2023

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.