$1,500,000 for Sale

1434 longfellow ave, jackson, MI 49202

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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 siding and roofs new 2012. https://my.matterport.com/show/?m=W2XwLxecTF8 https://my.matterport.com/models/bbaVEX1DPhW?organization=1FKGa19CBKx
General Information
Sale Price: $1,500,000
Price/SqFt: $47
Status: Active
MLS#: 201800148
City: jackson
Post Office:
Schools: jackson
County: Jackson
Subdivision: oakwood acres
Acres: 0
Size: 32,096 sq.ft.
Year Built: 1972
Features & Room Sizes
Exterior:  Vinyl
Heating:  Forced Air,Central AC
Tax, Fees & Legal
Est. Summer Taxes:  $11,209
Est. Winter Taxes:  $2,891

Listing Courtesy of: SUSAN MOHLMAN of

Information provided by Jackson Area Association of REALTORS® ©2018
Listing information provided courtesy of the Jackson Area Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.

This listing last updated: Wed, January 24, 2018 at 2:41:00 PM EST

JAAR Listing Data Last Updated on Sat, May 26 2018 at 9:32am
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