315 S Jackson Street
Hanover, MI 49241

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Description

Excellent multifamily investment opportunity offering 12 income-producing units situated on approximately 13 acres in the Village of Hanover. The property includes five duplex buildings and two single-family homes, providing a diverse unit mix and strong rental demand. This portfolio has benefited from significant recent improvements, helping reduce future capital expenses and making it a low-maintenance investment for the next owner. The property has maintained consistently strong occupancy, with all units currently leased, providing stable income and reliable cash flow. In addition to the existing rental income, the property offers future upside potential with the 13 acres of land primed for development. Wickman Apartments Portfolio represents a compelling investment opportunity for investors seeking both current cash flow and long-term growth potential. 6 parcels total. 000-17-28-126-015-01, 000-17-28-126-015-02, 000-17-28-127-003-02, 000-17-28-127-003-01, 000-17-28-126-014-01

Features

• Property Type: Multi Family Home
• Sub Type: Multi Family
• Listing Status: Active
• County/Area: Jackson County
• Zip Code: 49241
• Year Built: 1964
• School District: Hanover-Horton
• Units: 12 units
• Basement: Crawl Space, Full, Partial, Slab, Yes, Yes
• # of Parking Spaces: 24
• Lot Size: 13 acres
• Accessibility: Lever Door Handles, Accessible Entrance
• Construction Materials: Aluminum Siding, Brick, Block, Stone, Vinyl Siding
• Cooling: Central Air, Window Unit(s)
• Cross Street: Seward St and State St
• Directions: Roundtree Rd to Seward St or State St to south on Dean St.
• Driveway: Shared Unpaved, Aggregate, Concrete, See Remarks
• Exclusions: Washers and dryers belong to tenants and are excluded.
• Extras: Carports, Garages, Sep Electric Meter, Sep Gas Meter
• Heat Source: Natural Gas
• Heat Type: Forced Air, Hot Water, Radiant
• Heating: Forced Air, Hot Water, Radiant
• Laundry Features: Gas Dryer Hookup, Washer Hookup, Laundry Room, Main Level
• Lot Description: Corner Lot, Level, Sidewalk, Tillable, Wooded
• Lot Features: Corner Lot, Level, Sidewalk, Tillable, Wooded
• Lot Size Area: 13
• Lot Size Square Feet: 566280
• Lot Size Units: Acres
• Main Type: Multi Family
• Number Of Buildings: 7
• Number Of Diff Unit Floor Plans: 1
• Owner Pays: Trash Collection
• Ownership: Private Owned
• Parcel Number: 000-17-28-126-006-00
• Parking Features: Aggregate, Concrete
• Possession: Negotiable, See Remarks, Subject To Tenant Rights
• Road Frontage: 978.5
• Road Frontage Type: Private Road
• Roof: Composition, Metal
• SEV: 500700
• Sewer: Septic Tank, Shared Septic
• SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI2MDA5OTI2IiwiU3RhbmRhcmRTdGF0dXMiOiJBY3RpdmUiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA0LTAzVDIzOjI4OjEzLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE1NjM0IiwiTGljZW5zZWVOYW1lIjoiaUhPVVNFd2ViLCBJbmMuIn0.0g_OYQHMFpR6Nv4xi_R6xBVeOT7Fi8gonCR2ttgbQzo/badge
• Street Type: Private, Dirt
• Tax Annual Amount: 7550.78
• Tax Legal Description: LOTS 11 AND 12 LONE OAK SUBDIVISION VILLAGE OF HANOVER
• Tax Year: 2025
• Tenant Pays: Electricity, Gas
• Terms Available: Cash, Conventional
• Township: Hanover Vlg
• Util Availat Street: High Speed Internet
• Utilities: Natural Gas Connected, Electricity Connected
• Water Source: Well, Shared Well