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Sold on 04/05/2021
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1407 First St, Jackson, MI 49203

  • $96,000

    Last sold 04/05/2021 for $85K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1407 First St

Property type Multi-family
Neighborhood
Year built 1910
HOA fee $0/month
Lot size 8,712 Sqft
Movoto estimate
Rental estimate
Property description
Located near the Central Business District in the City of Jackson, this duplex is certified and making money. Both units are rented, one tenant has been there a very long time. Both units are 2 bedrooms with separate utilities. Property has a 2 car garage and is on a double lot. Property is currently producing approximately a 13% cap rate and DSCR of 1.45x for financing. Call for your private showing and we can make this your first or next income producing property in your portfolio.
Listed by
Listing Agent - Doug Beiswanger
Listing Agent Contact: (517) 435-1500
Listing Office - Beiswanger and Risner RE Group
Source: Realcomp mls logo
MLS#55021034762 • last updated 4 years ago
Movoto checked Realcomp for data 4 minutes ago
Exterior
Heating Forced Air, Space Heater
Construction Vinyl, Wood
Foundation Basement
Location
Subdivision Summitville Add
APN 4139800000
Directions S Off Randolph St, E Of First St
Multifamily Details
Gross Scheduled Income 15600
Operating Expense 6976
Net Operating Income 27339
Lot/ Land Details
Road Frontage Paved, Pub. Sidewalk
$96K
Range: $53.7K-$138K
Last 30 days 
Rental est.: $972/month
Gross rent multiplier: 7.3 - Good
  • May 2021
    mls logo MLS # 55202100784
  • May 7, 2021 Sold
    $85,000
  • Apr 5, 2021 Contingent - Continue To Show
    —
  • Mar 31, 2021 Listed
    $88,900
  • May 2021
    mls logo MLS # 55021034762
  • May 7, 2021 Sold
    $85,000 (-4.4%)
  • Mar 31, 2021 Listed
    $88,900
  • 1407 First St
    $85K
  • Falling Waters
    $99K 0% y/y
  • 49203
    $181K +15% y/y
  • Jackson
    $195K +8% y/y
No chart available
Statistics calculated by Movoto

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3/10
Cascades School
public Grades PK, K-5
Jackson Public Schools
N/A
Frost Elementary School
public Grades 3-5
Jackson Public Schools
6/10
Sharp Park Academy
public Grades K-5
Jackson Public Schools
3/10
Middle School At Parkside
public Grades 6-8
Jackson Public Schools
5/10
Jackson High School
public Grades 9-12
Jackson Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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