312 W Louis Glick Highway, Jackson, MI 49201

$155,000
List Price
$155,000
Days on Market
15
MLS#
22017800
Status
ACTIVE
Type
Multifamily

Property Description

Great 3 unit rental property near desirable Downtown Jackson activities! New replacement windows throughout most of home, fresh exterior painting summer of 2021, large shaded lot with deck space for tenants to enjoy outside grilling/relaxing. 2nd floor tenant has been here 6 years (but may be moving soon), main floor (west tenant) is planning to move into the east apartment once full renovation of the east apartment has been completed. Both main floor units offer original fireplaces (non-working), east unit offers hardwood flooring, all units unique & charming with plenty of natural light & the character that an older home offers! Property offers separate gas & electric, but owner currently pays gas & electric for 2nd floor tenant. Owner occupant potential here in this well maintained home Main floor east unit renovation will be completed prior to close, leaving one vacant unit for the new owner to do as they please - select new tenant, or move right in! 1.5 car garage on property with a tenant that rents month to month, so owner can use the garage as desired as well.

Additional Information

Net Operating Income
16571
Owner Pays
Electricity, Gas, Sewer, Trash Collection
Annual Maintenance
1000
Annual Utilities
3985
Taxes
$1,889
SEV
37950
Acres
0.27
Air Conditioning
None
Basement
Yes
Driveway
Unpaved
Exterior Material
Aluminum Siding, Block
Extras
Garages, Sep Electric Meter, Sep Gas Meter
Fireplaces
1
Heating
Forced Air
Heat Source
Natural Gas
Lot Description
Sidewalk
Lot Dimensions
132 x 88
Road Frontage
88
Roofing
Other, Rubber
School District
Jackson
Sewer
Public
Substructure
Full, Walk Out
Tenant Pays
Electric, Gas
Total Expense
8713
Total Parking Spaces
4
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ERA REARDON REALTY, L.L.C..