$230,000
$225,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
223 W Washington Avenue Jackson, MI 49201
8,712 Sqft Lot
Key Details
Sold Price $230,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Jackson City
Subdivision Village Of Jacksonburg
MLS Listing ID 22021881
Sold Date 07/08/22
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1950
Annual Tax Amount $2,582
Tax Year 2021
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 66x132
Property Description
CITY CERTIFIED IN 2022. Six unit apartment building in the City of Jackson Central Business District. Unbelievably maintained by same owner for years, the last inspection took under one hour for the entire property. Current cap rate 9% with potential for 12+%. Coin operated laundry produces additional income. Storage space in basement. This cash positive property makes a great addition to its new owner's portfolio. Qualified purchasers may call Commercial REALTOR with your questions to to schedule your private tour.
Location
State MI
County Jackson
Area Jackson County - Jx
Direction W Washington between S Blackstone St and S Jackson St.
Rooms
Basement Walk Out, Full
Interior
Heating Hot Water, Natural Gas
Cooling None
Fireplaces Number 1
Exterior
Parking Features Asphalt, Driveway, Paved
View Y/N No
Roof Type Other
Topography {Level=true}
Street Surface Paved
Total Parking Spaces 6
Building
Lot Description Sidewalk, Corner Lot
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
School District Jackson
Others
Tax ID 4-019300000
Acceptable Financing Cash, Conventional, Tax Def Exchange
Listing Terms Cash, Conventional, Tax Def Exchange
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