$649,900
106 S BROWN
Jackson, MI 49203
MLS# 21035284
Status: Sold



106 S BROWN, Jackson, MI 49203
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106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203 106 S BROWN, Jackson, MI 49203

Property Description
This property is a great opportunity to grow cash-flow and build wealth. Hasn't been offered for sale in decades, this is a once in a lifetime opportunity to buy this iconic apartment building in Summit Township. Twenty Six one bedroom apartments currently at 100% occupancy, these apartments rent extremely quickly! Building is a perfect location, just outside of the city limits yet still offers convenient location for shopping, commute and walking distance to Cascades Park. Covered carports offered to tenants along with frontage on two roads for easy access.

Details
Documents
Location & Property Info
County: Jackson
Street #: 106
Street Direction: S
Street Name: BROWN
State: MI
Zip Code: 49203
Area: Jackson County - JX
Municipality: Summit Twp
Subdivision: Websters Addition
Office/Contract Info
Current Price: $635,000
List Price: $649,900
Listing Date: 2016-05-24
General Property Info
Lot Measurement: Acres
Lot Square Footage: 28314
Lot Acres: 0.65
Lot Dimensions: 286x128x82
Year Built: 1940
New Construction: No
Total # Units: 26
Waterfront: No
Body of Water: None
School District: Jackson
Tax Info
Tax ID #: 595-13-04-105-003-02
Taxable Value: 234500
SEV: 234500
Annual Property Tax: 11086.55
Tax Year: 2016
Remarks & Misc
Directions: Just south off Michigan Ave
Legal: Lots 3, 4, 5, 13 and 14 Brown Street Sub
Status Change Info
Status: Sold
Under Contract Date: 2017-03-29
Sold Date: 2017-08-04
Sold Price: 635000
Waterfront Options
Water Access Y/N: No Water Selection
Association Info.
Assoc. Fee Payable: None
Income and Expenses
Net Operating Income: 171224
Operating Expense: 175281
Unit 1
SqFt: 800
Monthly Rent: 600
Bedrooms: 1
Full Baths: 1
Unit 2
SqFt: 800
Monthly Rent: 550
Bedrooms: 1
Full Baths: 1
Property Features
Exterior Material: Brick
Substructure: Full
Sewer: Public
Water: Public
Owner Pays: Electricity; Gas; Trash Collection; Water
Heat Source: Natural Gas
Driveway: Paved
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional

Listing Office: Next Step Realty

Listing Agent: Zach Williams

Last Updated: September - 11 - 2021

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for 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.

Tuesday 19th of October 2021 08:27 AM

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