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1407 FIRST ST Jackson, MI 49203
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Key Details
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Jackson City
Subdivision Summitville Add
MLS Listing ID 21034762
Sold Date 05/07/21
Year Built 1910
Annual Tax Amount $738
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 66x132
Property Sub-Type 2 to 4 Units
Source Michigan Regional Information Center (MichRIC)
Property Description
Located near the Central Business District in the City of Jackson, this duplex is certified and making money. Both units are rented, one tenant has been there a very long time. Both units are 2 bedrooms with separate utilities. Property has a 2 car garage and is on a double lot. Property is currently producing approximately a 13% cap rate and DSCR of 1.45x for financing. Call for your private showing and we can make this your first or next income producing property in your portfolio.
Location
State MI
County Jackson
Area Jackson County - Jx
Direction S off Randolph St, E of First St
Body of Water None
Rooms
Basement Full
Interior
Heating Space Heater, Forced Air, Natural Gas
Exterior
Parking Features Paved
View Y/N No
Street Surface Paved
Building
Lot Description Sidewalk
Sewer Public Sewer
Structure Type Wood Siding, Vinyl Siding
New Construction No
Schools
School District Jackson
Others
Tax ID 4-1398
Acceptable Financing VA Loan, FHA, Cash, Conventional
Listing Terms VA Loan, FHA, Cash, Conventional
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