7657 Ann Arbor Road

Sold 11/17/23
Sold 11/17/23
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Sold
Last Sold Price
$800,000
7657 Ann Arbor Road, Jackson, MI 49201
Multi FamilyProperty Type
3.3 acresLot Size
1945Year Built
100 carsParking Spaces

Description

Built for locals and commuters alike, this 26-unit rental property is ready for its next investor. Location is key and this property can accommodate those seeking easy access to I-94 for both locals and commuters. 15 of 26 units recently updated. All units have A/C, cable, internet, refrigerator, and microwave. Priced at a CAP Rate of 8.5% this seller is ready to get a transaction closed. Contact Commercial Realtor with your questions.Built for locals and commuters alike, this 26-unit rental property is ready for its next investor. Location is key and this property can accommodate those seeking easy access to I-94 for both locals and commuters. 15 of 26 units recently updated. All units have A/C, cable, internet, refrigerator, and microwave. Priced at a CAP Rate of 8.5% this seller is ready to get a transaction closed. Contact Commercial Realtor with your questions.
  • Listed by: Beiswanger Team 517.914.9555 Doug@MiRealEstatePro.com Brokerage DRE #6505425011 • Coldwell Banker Beiswanger Realty Group
Listing closed: 11/17/2023 12:00 AM • Source: Michigan Regional Information Center, MLS#: 23030362
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Location

Listing Courtesy of Coldwell Banker Beiswanger Realty Group

Sold By Coldwell Banker Beiswanger Realty Group

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$4,789 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,134

Property Taxes

$655

HOA Dues

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Property Information for 7657 Ann Arbor Road

Property Details
  • Taxes: $7,860 / year
  • MLS Type: Residential Income / 5+ Units
  • County: Jackson County
  • Zoning: B-4 Gen
  • ZoningDescription: B-4 Gen
Building Information
  • Residences: 26
  • Year Built: 1945
  • Lot Size: 3.30 AC / 143,748 SF
Summary
Location and General Information
  • Cross Streets: E of Sargent Rd/W of Race Rd
  • Municipality: Leoni Twp
  • Directions: Along I-94, E of Sargent Rd and W of Race Rd. Both provide access to the property.
  • Area - Major: Jackson County - JX
  • Street #: 7657
  • Street Name: Ann Arbor
  • Suffix: Road
  • City: Jackson
  • State: MI
  • Zip Code: 49201
  • County: Jackson
  • Latitude: 42.283163
  • Longitude: -84.277702
  • Area - Minor: Jackson County - JX
Taxes and HOA
  • Taxable Value: 149111.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 000-09-23-402-006-00
  • Homestead: 0
  • SEV: 149111
Parking
  • Parking Features: Aggregate, Driveway
  • Parking Total: 100.0
  • Attached Garage: No
  • Driveway: Aggregate
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Level
  • Lot Dimensions: 338x612
  • Lot Measurement: Acres
  • Lot Acres: 3.3
  • Lot Square Footage: 143748.0
  • Lot Size Area: 3.3
Property and Assessments
  • Tax Year: 2023
  • Road Surface Type: Paved
  • Legal: SEC 23 T2S R1E
  • Property Sub-Type: 5+ Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1945
  • Video Groups: 0
  • Accessibility Features YN: No
Utilities
  • Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Sewer: Septic Tank
  • Water Source: Well
  • Util Avail at Street: None
  • Utilities Attached: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
  • Water: Well
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Construction Materials: Vinyl Siding
  • Street Type: Paved, Public
  • Exterior Material: Vinyl Siding
  • Roofing: Composition
  • Substructure: Crawl Space, Full
  • Extras: Laundry Facility, Tenant Storage
Interior Features
  • Heating: Forced Air, Hot Water, Radiant
  • Basement: No
  • Cooling: Central, Window Unit(s)
  • Basement Yes/No: No
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Cooling: Yes
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air, Hot Water, Radiant
  • Air Conditioning: Central Air, Window Unit(s)
Multi Family
Multi Family Information
  • Number of Units: 26
Income & Expense
  • Net Operating Income: $112,000.00
  • Operating Expense: $96,000.00
  • Gross Income: $208,000.00
Unit Information
Unit 1
  • BathsTotal: 1
  • BedsTotal: 0
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: New Updated
Unit 2
  • BathsTotal: 1
  • BedsTotal: 0
  • FullBaths: 1
  • HalfBaths: 0
  • Occupied: Yes
  • Description: Original Updated
Unit 3
  • BathsTotal: 1
  • BedsTotal: 0
  • FullBaths: 1
  • HalfBaths: 0
  • Description: Original Not Updated
Unit 4
  • BathsTotal: 0
Unit 5
  • BathsTotal: 0
Unit 6
  • BathsTotal: 0
Unit 7
  • BathsTotal: 0
Unit 8
  • BathsTotal: 0
Unit 9
  • BathsTotal: 0
Unit 10
  • BathsTotal: 0
Unit 11
  • BathsTotal: 0
Unit 12
  • BathsTotal: 0
Rental
Rental Information
  • Tenant Pays: None
  • Owner Pays: Electricity, Gas, Trash Collection
  • Terms Available: Cash, Conventional, Tax Def Exchange

Property History for 7657 Ann Arbor Road

DateEvent & SourcePriceAppreciation
Nov 17, 2023

Sold

Michigan Regional Information Center #23030362

$800,000—
Nov 17, 2023

Sold

MiRealSource #70326992

$800,000—
Nov 17, 2023

Sold

Realcomp #55023030362

$800,000—
DateEvent & SourcePrice
11/17/2023

Sold

Michigan Regional Information Center #23030362

$800,000
11/17/2023

Sold

MiRealSource #70326992

$800,000
11/17/2023

Sold

Realcomp #55023030362

$800,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 7657 Ann Arbor Road

Taxable ValueLand-Additions-Total-
Tax Record2025$6,650 ($554 / month)
Home Facts
Total Finished SqFt9,220 SqFtAbove Grade Finished SqFt9,220 SqFtStories1Lot Size140,699 SqFtStyleHotel / MotelYear Built1945Year Renovated1945ZoningB-4 GENCountyJACKSONAPN000-09-23-402-006-01

Schools near 7657 Ann Arbor Road

This home is within East Jackson Community Schools.
Rating
School
Type
Grades
Distance
East Jackson Elementary
Public - K to 6
East Jackson High School
Public - 7 to 12
Way East Jackson
Public - 6 to 12
Rating
School
Distance
East Jackson Elementary
PublicK to 6

East Jackson High School
Public7 to 12

Way East Jackson
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Beiswanger Realty Group

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