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$329,900 For Sale
505-515 Webb
Jackson, MI 49202
10 units | Multi Family Home
0.79 acre lot - MLS# 201604123
Property Photo
1/22

Description

Turn key investment opportunity! 8 single family homes and 1 duplex gives you 10 units for income! All 10 units are City Certified, have been owned by the same owner for many years, and good rental history too. Rents range $525 to $775 per month. 6 homes are two bedrooms, 2 homes are 3 bedrooms, and the duplex units are both 2 bedrooms. Garage for tenant use is included in the sale, and current property owner is the property manager, and will consider continuing the management for the new owner. Please allow 24-48 hr notice for showings as multiple tenants will need to be contacted.

Features

  • Acres: 0.7900
  • County/Area: Jackson County
  • Ea Unit Misc. 1: Eat-In Space/Kitchen, Smoke Alarm, Range/Oven, Refrigerator
  • Ea Unit Misc. 2: Eat-In Space/Kitchen, Smoke Alarm, Range/Oven, Refrigerator
  • Ea Unit Misc. 3: Eat-In Space/Kitchen, Smoke Alarm, Range/Oven, Refrigerator
  • Ea Unit Misc. 4: Eat-In Space/Kitchen, Smoke Alarm, Range/Oven, Refrigerator
  • Electric Paid By: Tenant
  • Exterior: Vinyl, Wood
  • Flooring: Carpeting, Vinyl/Laminate
  • Foundation: Full Basement
  • Fuel Paid By: Tenant
  • Fuel Type: Natural Gas, Separate Meters Electric, Separate Meters Gas
  • Gas Paid By: Tenant
  • Gross Rent: 72900
  • Heat/Cool: Forced Air, Gas Water Heater
  • Insurance Exp: 3550
  • Insurance Paid By: Owner
  • Land Description: Corner Lot, Curbs/Gutters, Sidewalk
  • Listing Status: Active
  • Lot Front: 132
  • Lot Size: 263x132
  • Maint Paid By: Owner
  • Management Paid By: Owner
  • Misc. Exterior: Open Porch
  • Net Income: 58717.72
  • New-Occupied: Pre-Owned
  • Other Exp 1: 2250
  • Other Exp 1 Desc: City Fees
  • Other Exp 1 Paid By: Owner
  • Property Type: Multi Family Home
  • Road Type: Paved
  • School District: Jackson
  • Source Of Sqft: Assessors Data
  • Sq.Ft.: 9002
  • Style: 1 Story, 2 Story, Side By Side
  • Sub Type: 5 Or More Units
  • Subdivision: Geo Webb's
  • Subdivision/Neighborhood: Geo Webb's
  • Taxes Paid By: Owner
  • Total Expense: 14182.28
  • Total Income: 72900
  • Township: City Of Jackson
  • Trash Removal Paid By: Tenant
  • Unit 1 # Bdrms: 2
  • Unit 1 # Full Baths: 1
  • Unit 1 # Of Parking: 1
  • Unit 1 # Rooms: 4
  • Unit 1 Curr. Mo. Rent: 525
  • Unit 1 Sq Ft: 888
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Full Baths: 1
  • Unit 2 # Of Parking: 1
  • Unit 2 # Rooms: 4
  • Unit 2 Curr. Mo. Rent: 550
  • Unit 2 Sq Ft: 888
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Full Baths: 1
  • Unit 3 # Of Parking: 1
  • Unit 3 # Rooms: 4
  • Unit 3 Curr. Mo. Rent: 600
  • Unit 3 Sq Ft: 888
  • Unit 4 # Bedrooms: 2
  • Unit 4 # Full Baths: 1
  • Unit 4 # Of Parking: 1
  • Unit 4 # Rooms: 4
  • Unit 4 Curr. Mo. Rent: 600
  • Unit 4 Sq Ft: 888
  • Unit 5 # Bedrooms: 3
  • Unit 5 # Full Baths: 1
  • Unit 5 # Garage: 1
  • Unit 5 # Of Parking: 1
  • Unit 5 # Rooms: 7
  • Unit 5 Curr. Mo. Rent: 775
  • Unit 5 Sq Ft: 1368
  • Unit 6 # Bedrooms: 2
  • Unit 6 # Full Baths: 1
  • Unit 6 # Garage: 1
  • Unit 6 # Of Parking: 1
  • Unit 6 # Rooms: 4
  • Unit 6 Curr. Mo. Rent: 550
  • Unit 6 Sq Ft: 962
  • Unit 7 # Bedrooms: 2
  • Unit 7 # Full Baths: 1
  • Unit 7 # Garage: 1
  • Unit 7 # Of Parking: 1
  • Unit 7 # Rooms: 4
  • Unit 7 Curr. Mo. Rent: 600
  • Unit 7 Sq Ft: 1051
  • Unit 8 # Bedrooms: 3
  • Unit 8 # Full Baths: 1
  • Unit 8 # Garage: 1
  • Unit 8 # Of Parking: 1
  • Unit 8 # Rooms: 6
  • Unit 8 Curr. Mo. Rent: 600
  • Unit 8 Sq Ft: 1181
  • Units: 10
  • Water/Sewer: Community/Public Water, Community/Public Sewer
  • Water/Sewer Paid By: Tenant
  • Year Built: 1936
  • Zip Code: 49202
  • Zoning: Multi-Family

Courtesy of:

  • More info
  • Tim Atkins
    ERA Reardon Realty - Jackson
    Direct: 517-937-2473
    Office: 517-782-2996
    Fax: 517-782-3688
    Email: timothy.atkins@era.com
    Website: www.TimAtkinsSellsHomes.com

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  • More info

©2017 Jackson Multiple Listing Service, Inc. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Jackson MLS. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Information provided is for consumer's personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. does not display the entire Jackson MLS database on this website. The listings of some real estate brokerage firms have been excluded. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-04-23.

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