06/28/2022
https://conta.cc/3bzuCqG
309-311 THIRD ST., JACKSON MI 49201
4 units in 309; 1 unit in 311 (same parcel ID)
4 units are currently occupied:
Unit 1 - 1/1 is vacant; advertised for $695/mo.
Unit 2 - 2/1 $700/mo., 1 yr lease
Unit 3 - 1/1 $595/mo., 1 yr lease
Unit 4 - 2/1.5 $700/mo., 1 yr lease
House - 2/1 $800/mo., 1 yr lease
Gross rents are $2795/mo. ($3490/mo. fully occupied)
Tenants pay their own electric. Owner pays water & gas.
Taxes approx. $6000/yr., Insurance approx. $3300/yr.
Property Manager in place at 8% (optional with sale)
TOTAL PURCHASE PRICE: 205K
ASSUME THIS LAND CONTRACT!!!!!
120k balance, balloon in 2026
7% interest, $845/mo. P&I
ONLY 60k CASH needed upfront to purchase
Showings by appointment only; DO NOT disturb tenant
See more info & pics at: www.CorleonRealEstate.com
Terry Penny 734-392-4880 [email protected]
www.TerryPenny.com
