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Sold on 06/26/2025
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327 E State St, Hanover, MI 49241

$580,359

Last sold 06/26/2025 for $395K

  • 12

    bed

  • 6

    bath

  • 4,368

    Sqft ($90/Sqft)

Multi-family not for sale
Learn about Hanover's top local Real Estate agents

About 327 E State St

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Movoto estimate
Property description
Well managed and fully occupied cash flowing opportunity in the quiet village of Hanover. This apartment complex is in excellent condition and has had major cap x done in the past 4 years including roof replacements and upgrades to well and septic and water filtration systems. Tenants are all current and every unit is in great condition. Professional property management has maintained and addressed issues as they arise- no deferred maintenance here! Vinyl sided, newer windows and new and well maintained mechanicals make this property ideal for an investor who truly wants to be hands off with a property that doesn't require municipal inspections. Separate mechanicals and utilities. SOLD AS IS Actuals are available. Land Contract terms offered at higher price see agent notes BATVAI
Listed by
Listing Agent - Heather Dell
Listing Agent Contact: 3132777777
Listing Office - RE/MAX Leading Edge
Source: Realcomp mls logo
MLS#20250014680 • last updated 3 months ago
Movoto checked Realcomp for data Just now
Overview
Heating Baseboard, HotWater, NaturalGas, Radiant
Levels/Style One, Ranch
Status Closed
SubType Multi Family
Living Area 4368
MLS # 20250014680
Property Tax 7441
Interior
Total # of Bathrooms 6
# of Full Baths 6
Exterior
Construction Vinyl Siding
Foundation Slab
Roof Asphalt
# Parking Spaces 9
Amenities / Utilities
Pool None
Location
Subdivision LONE OAK SUB
High School District Hanover Horton
APN 172812602000
Directions State Street Just Past Split Rail Trail And Historic Organ Museum. If You Pass The Dentist Office Coming From The East You've Gone Too Far.
Zoning Multi-Family
Multifamily Details
Rent Includes SnowRemoval, TrashCollection, Water, YardMaintenance
# Units Leased 6
Gross Scheduled Income 58080
Operating Expense 25249
Net Operating Income 32831
Monthly Rental Income 4840
Lot/ Land Details
Road Frontage Paved
$580K
Range: $522K-$638K
Last 30 days 
  • Jul 2025
    Public Records
  • Jul 11, 2025 Sold
    $395,000
  • Jul 2025
    mls logo MLS # 70478806
  • Jul 2, 2025 Sold
    $395,000
  • Mar 6, 2025 Listed
    $435,000
  • Jun 2025
    mls logo MLS # 20250014680
  • Jun 30, 2025 Sold
    $395,000 (-9.2%)
  • Jun 30, 2025 Pending
    —
  • May 13, 2025 Active
    —
  • Mar 6, 2025 Listed
    $435,000 (+180.6%)
  • Mar 2025
    mls logo MLS # 60374650
  • Mar 6, 2025 Listed
    $435,000
  • Dec 2019
    Public Records
  • Dec 31, 2019 Sold
    $155,000
  • Year Property taxes Tax assessment
  • 2024
    $6,538 +14.0%
    $209,800 +17.27%
  • 2020
    $5,734 +426.4%
    $178,900 +49.58%
  • 2018
    $1,089
    $119,600
  • 327 E State St
    $395K
  • 12162 - Hanover Vlg
    —
  • 49241
    $299K 0% y/y
  • Hanover
    $301K 0% y/y
No chart available
Statistics calculated by Movoto

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4/10
Hanover-Horton Elementary School
public Grades PK, K-5
Hanover-Horton School District
5/10
Hanover-Horton Middle School
public Grades 6-8
Hanover-Horton School District
7/10
Hanover-Horton High School
public Grades 9-12
Hanover-Horton School District
Source: GreatSchools.org © 2026. All rights reserved.

Around 12162 - Hanover Vlg

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  • MI
  • Jackson County
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  • 327 E State St
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