$99,900
Jackson, MI 49203
MLS# 25046452
Status: Active Contingent
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Property Description
Income producing Duplex with side by side 2 bedroom, 1 bath units. Located just minutes from the Central Business District of Jackson, MI, this CITY-CERTIFIED and PROFESSIONALLY MANAGED investment property offers exceptional income potential with a 10%+ CAP Rate. The property features two spacious 2-bedroom, 1-bathroom units, all with Professional Property Manager screened, long- term tenants. The current owners have upgraded both units with new flooring, appliances, paint, and remodeling to meet city requirements, ensuring smooth operation and strong tenant retention.
Details
Maps
Location Property Info
County: Jackson
Street #: 505-507
Street Name: 2nd
Suffix: Street
State: MI
Zip Code: 49203
Area: Jackson County - JX
OfficeContract Info
Status: Active Contingent
Current Price: $99,900
List Price: $99,900
Listing Date: 2025-09-10
General Property Info
Lot Measurement: Acres
Lot Square Footage: 2178
Lot Acres: 0.05
Lot Dimensions: 38x55
Year Built: 1930
New Construction: No
Financial Available: Yes
Financial Comments: NDA Required
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2026-08-23
Road Frontage: 38
Total # Units: 2
# of Diff Unit Floor Plans: 2
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2065
Total Parking Spaces: 4
Waterfront: No
School District: Jackson
Tax Info
Tax ID #: 3-000600000
Taxable Value: 27944
SEV: 47500
For Tax Year: 2025
Seller's Annual Property Tax: 1895
Tax Year: 2025
Spec Assessment & Ty: None Known
Zoning: R-3
Remarks Misc
Directions: S off W Franklin, E of Fourth
Access Feat
Accessibility Features: No
Income and Expenses
Gross Op. Inc.: 19500
Net Operating Income: 10800
Operating Expense: 8700
Unit 1
Unit Description: 505
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 507
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full
Lot Description: Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; High Speed Internet; Phone Available
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional; FHA; Tax Def Exchange; VA Loan
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Listing Office: Coldwell Banker Beiswanger Realty Group
Listing Agent: Doug Beiswanger
Last Updated: December - 29 - 2025
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