$305,000
$320,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
1.36 Acres Lot
SOLD DATE : 08/12/2021
Key Details
Sold Price $305,000
Property Type Multi-Family
Sub Type 2 to 4 Units
Listing Status Sold
Purchase Type For Sale
Municipality Summit Twp
Subdivision Belmont Park
MLS Listing ID 21095218
Sold Date 08/12/21
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1995
Annual Tax Amount $4,998
Tax Year 2021
Lot Size 1.360 Acres
Acres 1.36
Lot Dimensions 323x129x153
Property Sub-Type 2 to 4 Units
Property Description
Great income/investment opportunity in Summit Township. Two duplex buildings, built in 1995. South building (410) units are both 1 bedroom, spacious 2nd floor bedroom, large bath with skylight, jetted tub & separate shower, large walk-in closet, 1.5 baths, main floor laundry - very attractive setup make for easy renting! North building (406) units are both 2 bedroom, 1.5 baths, good closet/storage space, main floor laundry. New roof on both buildings in Oct. 2020. Owner built this property to be maintenance free & attractive apartments for tenants, and it has been a great investment, and will continue to be one! Owner has never had an issue renting the apartments, rents are relatively low & could be increased. Storage shed space for each unit & paved driveway for each unit. Income growth opportunity with the inclusion of 6 additional vacant lots which could allow for extra units to be built for more income, if desired! opportunity with the inclusion of 6 additional vacant lots which could allow for extra units to be built for more income, if desired!
Location
State MI
County Jackson
Area Jackson County - Jx
Direction NW corner of Franklin & 18th St
Rooms
Basement Crawl Space
Interior
Heating Space Heater, Forced Air, Natural Gas
Fireplaces Number 1
Exterior
Parking Features Paved
View Y/N No
Street Surface Paved
Total Parking Spaces 4
Building
Lot Description Wooded, Corner Lot
Sewer Public Sewer
Structure Type Stone, Vinyl Siding
New Construction No
Schools
School District Jackson
Others
Tax ID 090-13-04-113-125-00
Acceptable Financing VA Loan, FHA, Cash, Conventional
Listing Terms VA Loan, FHA, Cash, Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "