Active

315 S Jackson Street

Hanover, Michigan 49241

$1,500,000 $6,324/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

Acres(Lot)

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 investo rs seeking both current cash flow and long-term growth potential. 5 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

Property Details

Property Type : Multifamily

Price : $1,500,000

AD Id : 76157460

MLS Id : 53026009926

Beds : 24

Lot Size : 13 Acres

Year Built : 1964

Garage : Garage

County : Jackson

Map

What's Nearby

Nearby Areas

Features

Interior Features

Laundry Facility Roof: Composition,Metal
Heating & Cooling

Cooling: Central Air,Window Unit(s) Heating: Forced Air,Hot Water,Radiant Heating Fuel: Natural Gas

Building Information

Year Built: 1964 Total Units: 12 Roof: Composition,Metal Foundation/Basement: Crawl
Utility Features

Sewer: Septic Tank (Existing),Shared Septic (Common)
Water

Community,Well (Existing)

Lot Information

Lot Size: 13.00 Lot Dimensions: 601,333.6 Frontage Feet: 978
Property Information

Financing: Cash,Conventional

Listing Price Information

Original List Price: $1,500,000
Listing Information

Possession: Negotiable Legal Description: LOTS 11 AND 12 LONE OAK SUBDIVISION VILLAGE OF HANOVER

Tax Information

Annual Tax: $7,551 Parcel Number: 000172812600600
Possession

Negotiable
Legal Information

Legal Description: Section: LOTS 11 AND 12 LONE OAK SUBDIVISION VILLAGE OF HANOVER

Unit 1 Information

# of Bedrooms: 1
Unit 2 Information

# of Bedrooms: 10
Unit 3 Information

# of Bedrooms: 1

School Information

School District: Hanover Horton
Utility Information

Water: Community,Well (Existing) Sewer: Septic Tank (Existing),Shared Septic (Common)

Sell a home like this and save $89,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Disclosure: The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. IDX provided courtesy of Realcomp II Ltd., via ByOwner.com and REALCOMP, Copyright 2026 Realcomp II Ltd. Shareholders. REALTOR (R) licensed in the state of Michigan. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed and to participants of any data share partner MLS.

ByOwner last updated this listing 06/17/2026 @ 03:28

MLS: 53026009926 LISTED BY: Crystal Dane , Coldwell Banker Groves Real Estate 517-439-1511 SOURCE: Realcomp II Ltd