$1,398,000
Jackson, MI 49202
MLS# 21034757
Status: Sold
1 / 36
Property Description
Turn-key investment. The Longfellow Apartments consists of 6 buildings 28 townhome units which are currently 100% leased. There are six 1300 sq.ft. ,3 bed/1.5 bath units, six 960 sq.ft., 2 bed/1.5 bath units, eight 1100 sq.ft, 2 bed/1.5 bath units and eight 1056 sq.ft., 2 bed/1.5 bath units all 2 story with full basements. Each unit with private entrances, tenants enjoy a sense of home ownership. Located out the city and near 94 and 127. Long term tenants in most units. Cap rate of 9%. Each unit is outfitted with separately-metered, gas-forced air furnaces and Central Air. Notable for investors is the excellent condition of this asset and numerous upgrades it’s received, such as 7 units fully remodeled, 15 new furnaces, 8 new A/C units, 12 new refrigerators, 7 new water heaters, vinyl
Details
Documents
Location & Property Info
Unit #: Units 1406-1488
Area: Jackson County - JX
Municipality: Blackman Twp
Subdivision: Oakwood Acres
General Property Info
New Construction: No
Lot Dimensions: 275X450X275
Waterfront: No
Body of Water: None
Total # Units: 28
School District: Jackson
Lot Measurement: Acres
Lot Square Footage: 115434
Lot Acres: 2.65
Year Built: 1972
Tax Info
Taxable Value: 277942
SEV: 281000
Seller's Annual Property Tax: 14099.78
Tax Year: 2017
Spec Assessment & Ty: none
Tax ID #: 000-08-28-326-003-00
Remarks & Misc
Legal: Lot 33,34, and 35 Oakwood Acres
Waterfront Options
Water Access Y/N: No Water Selection
Income and Expenses
Gross Op. Inc.: 0
Street Type
Paved: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Association Info.
Approx. Assoc Fee: 0
Assoc. Fee Payable: None
Exterior Material
Vinyl Siding: 1
Heat Source
Natural Gas: 1
Heat Type
Forced Air: 1
Tenant Pays
Electric: 1
Gas: 1
Substructure
Full: 1
Owner Pays
Trash Collection: 1
Water: 1
Unit 1
SqFt: 1100
Monthly Rent: 0
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Unit 2
SqFt: 960
Monthly Rent: 0
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Unit 3
SqFt: 1300
Bedrooms: 3
Full Baths: 1
Half Baths: 1
Unit 4
SqFt: 1056
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Location Property Info
County: Jackson
Street #: 1434
Street Name: LONGFELLOW AVE
State: MI
Zip Code: 49202
OfficeContract Info
Status: Sold
Current Price: $1,398,000
List Price: $1,500,000
Listing Date: 2018-01-16
Remarks Misc
Directions: south of Boardman
Status Change Info
Under Contract Date: 2018-02-22
Sold Date: 2018-03-30
Sold Price: $1,398,000
Property Features
Exterior Material: Vinyl Siding
Substructure: Full
Sewer: Public Sewer
Water: Public Water
Owner Pays: Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Street Type: Paved
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Supplements
siding and roofs new 2012. https://my.matterport.com/show/?m=W2XwLxecTF8 https://my.matterport.com/models/bbaVEX1DPhW?organization=1FKGa19CBKx
GIS 
Updates and Layouts 
Listing Office: Sproat Realty Professionals-J
Listing Agent: SUSAN M MOHLMAN
Last Updated: July - 23 - 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.