315 S Jackson Street Unit 315, Hanover, MI 49241
Jackson County
Key Facts
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
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1964
Lot Size
13.00 acres
Lot Dimensions
601,333.6
Parking Spaces
24
Ownership
Private Owned
Days on Market
85
MLS® Listing#
26009926
Property Features
Cooling
Heating
Basement
Parking
Laundry
Lot Features
Construction
Foundation
Roof
Community
Utilities
Sewer
Water Source
Schools
- District:
- Hanover-Horton
Financial Details
Annual Taxes
$7,551
Tax year 2025
Assessed Value
$139,513
Parcel Number
000-17-28-126-006-00
Directions
Roundtree Rd to Seward St or State St to south on Dean St.
Affordability Calculator
$300,000
Estimated monthly payment
$7,984/mo
Principal $1,200,000 · Est. interest $1,674,107 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Hanover, MI
- $388,889
- Median Listing Price
- 44
- Median Days on Market
- 1,972
- Median Sq Ft
- $183
- Median Price / Sq Ft
- 21
- Active Listings
- This home’s price is 286% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Hanover, MI.
Location
Points of Interest in Hanover, MI
Showing the Hanover area map.
Nearby Schools
Hanover-Horton Elementary School
Elementary · 0.3 mi away
Hanover-Horton High School
Secondary · 2.1 mi away
Countryside Bible Church
School · 5.5 mi away
Concord High School
Secondary · 6.9 mi away
Concord Middle School
Elementary · 6.9 mi away
Warner Elementary School
Elementary · 7.3 mi away
Bean Elementary School
Elementary · 8.1 mi away
Jackson Area Career Center
Secondary · 8.5 mi away
Jackson County Intermediate
School · 8.5 mi away
Jackson County Isd
School · 8.5 mi away
ABC Academy
School · 8.7 mi away
Jackson Preparatory & Early College
Secondary School · 8.7 mi away
Dibble Elementary School
Elementary · 9.1 mi away
Jonesville Middle School
Secondary · 9.7 mi away
Manor School
School · 9.7 mi away
Li'l Boy Blue Learning Center
School · 9.8 mi away
Jonesville High School
Secondary · 9.8 mi away
Lumen Christi Catholic High School
Secondary · 9.9 mi away
Jackson Catholic Schools
School · 9.9 mi away
Williams Elementary School
Elementary · 10.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 260 Pine Hill Lake Drive, Hanover Township, MI | $1,295,000 | 5 | 4 | 3,353 |
| 315 S Jackson Street, Hanover Village, MI | $1,500,000 | 24 | — | — |
Moving Cost Estimate
EXIT Agents in Hanover
Listing Courtesy: Coldwell Banker Groves Real Estate - 5174391511
Presented by: Crystal Dane