$1,500,000
Hanover, MI 49241
MLS# 26009926
1 / 79
Property Description
Excellent multifamily investment opportunity offering 12 income-producing units situated on approximately 13 acres in the Village of Hanover. The property includes five duplex buildings and two single-family homes, providing a diverse unit mix and strong rental demand. This portfolio has benefited from significant recent improvements, helping reduce future capital expenses and making it a low-maintenance investment for the next owner. The property has maintained consistently strong occupancy, with all units currently leased, providing stable income and reliable cash flow. In addition to the existing rental income, the property offers future upside potential with the 13 acres of land primed for development. Wickman Apartments Portfolio represents a compelling investment opportunity for investors seeking both current cash flow and long-term growth potential. 5 parcels total. 000-17-28-126-015-01, 000-17-28-126-015-02, 000-17-28-127-003-02, 000-17-28-127-003-01
Details
Maps
Location & Property Info
Unit #: 315
Cross Streets: Seward St and State St
Property Sub-Type: 5+ Units
Municipality: Hanover Vlg
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 601,333.6
Road Frontage: 978.5
Waterfront: No
Basement: Yes
Total # Units: 12
# of Diff Unit Floor Plans: 1
Total # Bldgs: 7
Total Parking Spaces: 24
School District: Hanover-Horton
Association YN: No
Lot Measurement: Acres
Lot Square Footage: 566280
Lot Acres: 13
Year Built: 1964
Tax Info
Taxable Value: 139513
SEV: 500700
For Tax Year: 2025
Seller's Annual Property Tax: 7550.78
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: 0
Tax ID #: 000-17-28-126-006-00
Remarks & Misc
Public Remarks: Excellent multifamily investment opportunity offering 12 income-producing units situated on approximately 13 acres in the Village of Hanover. The property includes five duplex buildings and two single-family homes, providing a diverse unit mix and strong rental demand.
This portfolio has benefited from significant recent improvements, helping reduce future capital expenses and making it a low-maintenance investment for the next owner. The property has maintained consistently strong occupancy, with all units currently leased, providing stable income and reliable cash flow.
In addition to the existing rental income, the property offers future upside potential with the 13 acres of land primed for development.
Wickman Apartments Portfolio represents a compelling investment opportunity for investors seeking both current cash flow and long-term growth potential.
5 parcels total. 000-17-28-126-015-01, 000-17-28-126-015-02, 000-17-28-127-003-02, 000-17-28-127-003-01
Legal: LOTS 11 AND 12 LONE OAK SUBDIVISION VILLAGE OF HANOVER
Lot Description
Corner Lot: 1
Level: 1
Sidewalk: 1
Tillable: 1
Wooded: 1
Street Type
Dirt: 1
Private: 1
Util Avail at Street
High Speed Internet: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Septic Tank: 1
Shared Septic: 1
Water
Shared Well: 1
Well: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
Gas Dryer Hookup: 1
Laundry Room: 1
Main Level: 1
Washer Hookup: 1
Exterior Material
Aluminum Siding: 1
Block: 1
Brick: 1
Stone: 1
Vinyl Siding: 1
Roofing
Composition: 1
Metal: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Hot Water: 1
Radiant: 1
Air Conditioning
Central Air: 1
Window Unit(s): 1
Access Feat
Accessibility Features: Yes
Accessibility Feat
Accessible Mn Flr Be: 1
Lever Door Handles: 1
No Step Entrance: 1
Tenant Pays
Electric: 1
Gas: 1
Driveway
Aggregate: 1
Concrete: 1
Shared Unpaved: 1
See Remarks: 1
Substructure
Crawl Space: 1
Full: 1
Partial: 1
Slab: 1
Extras
Carports: 1
Garages: 1
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Trash Collection: 1
Unit 1
Unit #: 315
Unit Description: Single Family
SqFt: 650
Occupied: Yes
Monthly Rent: 855
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Barrier Free: 1
Carport: 1
Central Air: 1
Deck/Patio: 1
Range Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 2
Unit #: 319
Unit Description: duplex
SqFt: 1100
Occupied: Yes
Monthly Rent: 600
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Dishwasher: 1
Garage: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 3
Unit #: 206
Unit Description: Single Family
SqFt: 750
Occupied: Yes
Monthly Rent: 755
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Deck/Patio: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 4
Unit #: 208
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 730
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Deck/Patio: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 5
Unit #: 212
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 780
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 6
Unit #: 214
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 775
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 7
Unit #: 218
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Sep. Heat System: 1
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Refrigerator: 1
Monthly Rent: 775
Range/Oven: 1
Washer/Dryer: 1
Unit 8
Unit #: 220
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 800
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 9
Unit #: 224
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 825
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refrigerator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 10
Unit #: 226
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 825
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refriderator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 11
Unit #: 316
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 825
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Refriderator: 1
Sep. Heat System: 1
W/D Hookup: 1
Unit 12
Unit #: 314
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 905
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Range/Oven: 1
Sep. Heat System: 1
Possession
Negotiable: 1
See Remarks: 1
Subject To Tenant Rights: 1
Location Property Info
County: Jackson
Street #: 315
Street Direction: S
Street Name: Jackson
Suffix: Street
State: MI
Zip Code: 49241
Zip (4): 8300
OfficeContract Info
Status: Active
Current Price: $1,500,000
List Price: $1,500,000
Listing Date: 2026-03-15
Remarks Misc
Directions: Roundtree Rd to Seward St or State St to south on Dean St.
Property Features
Laundry Features: Gas Dryer Hookup; Laundry Room; Main Level; Washer Hookup
Accessibility Feat: Accessible Mn Flr Be; Lever Door Handles; No Step Entrance
Exterior Material: Aluminum Siding; Block; Brick; Stone; Vinyl Siding
Roofing: Composition; Metal
Substructure: Crawl Space; Full; Partial; Slab
Lot Description: Corner Lot; Level; Sidewalk; Tillable; Wooded
Sewer: Septic Tank; Shared Septic
Water: Shared Well; Well
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: High Speed Internet
Extras: Carports; Garages; Sep Electric Meter; Sep Gas Meter
Owner Pays: Trash Collection
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air; Hot Water; Radiant
Air Conditioning: Central Air; Window Unit(s)
Driveway: Aggregate; Concrete; Shared Unpaved; See Remarks
Street Type: Dirt; Private
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Negotiable; See Remarks; Subject To Tenant Rights
Sale Conditions: None
Unit 1: Barrier Free; Carport; Central Air; Deck/Patio; Range Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 2: Deck/Patio; Dishwasher; Garage; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 3: Range/Oven; Deck/Patio; Refrigerator; Sep. Heat System; W/D Hookup
Unit 4: Deck/Patio; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 5: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 6: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 7: Sep. Heat System; Refrigerator; Range/Oven; Washer/Dryer
Unit 8: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 9: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup
Unit 10: Range/Oven; Refriderator; Sep. Heat System; W/D Hookup
Unit 11: Range/Oven; Refriderator; Sep. Heat System; W/D Hookup
Unit 12: Range/Oven; Sep. Heat System
Listing Office: Coldwell Banker Groves Real Estate
Listing Agent: Crystal Dane
Last Updated: March - 16 - 2026
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