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223 W Washington Avenue

Jackson, MI 49201
  • $230,000
  • STATUS: Sold
  • ON SITE: 125 Days
  • ID#: 55022021881
Sold - 07/08/2022
$230,000
SOLD - 07/08/2022
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:
Zoning:
Other
Lot Size Dimensions:
66X132

School Ratings & Info

School District:

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.

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IDX provided courtesy of Realcomp II Ltd. via Alan Brown Group and Jackson Area AOR MLS, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-10-07T11:59:40.46.
www.alanbrowngroup.com/homes/129481613
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223 W Washington Avenue Jackson, MI 49201

  • Price: $225,000
  • Status: Sold
  • On Site: 125 Days
  • Updated: 39 min ago
  • ID#: 55022021881
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1950
Built
Neighborhood:
Village Of Jacksonburg
County:
Jackson
Area:
Jackson
School District:
JACKSON
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.
Exterior Features

Construction Materials Brick Lot Size Dimensions 66X132 Multifamily Parking Paved Parking Total 6 Road Frontage Feet 66 Road Frontage Type PavedPub. Sidewalk Roof Material Other

Interior Features

Basement Type Walkout Access Basement YN Yes Heating Hot Water Heating Fuel Natural Gas Interior Features OtherLaundry FacilityCable Available Laundry Facilities YN Yes Room Count 0 Unit One Bed Number Of 2

Property Features

Down Payment Resource YN No Gross Scheduled Income 35000.00 Land Contract YN No Listing Financing CashConventionalTrade/Exchange Net Operating Income 18000.00 Operating Expense 17000.00 Postal City Jackson Settlement City Sewer Public Sewer (Sewer-Sanitary)Sewer At StreetStorm Drain Short Sale Unknown Tax Amount Summer 2582.0000 Total Tax 2582.0000 Transaction Type Sale Unparsed Address 223 W Washington Avenue Water Source Water At StreetPublic (Municipal) Zoning Other

Realcomp IDX logo IDX provided courtesy of Realcomp II Ltd., via Beiswanger And Risner Re Group: (517) 435-1500 and Jackson Area AOR MLS, ©2022 Realcomp II Ltd. Shareholders.


IDX provided courtesy of Realcomp II Ltd. via Alan Brown Group and Jackson Area AOR MLS, © 2022 Realcomp II Ltd. Shareholders. Real estate listings held by brokerages other than Alan Brown Group are marked with the Realcomp-approved IDX logo and are provided through IDX through Realcomp II Ltd. IDX information is provided exclusively for the 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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data last updated: 2022-10-07T11:59:40.46.
 
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Alan Brown Group
70 West Long Lake Rd
Troy MI, 48098