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About This Home

This 24-bedroom, 0-bathroom residential multi family at 315 S Jackson Street in Hanover, MI is listed for $1,500,000. Built in 1964, on a 13.00 acres lot.

Agent 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

Key Features

  • Built in 1964
  • 13.00 acre lot
  • 24 parking spaces

Property Details

12 full
24 spaces
1964

Amenities

A/C

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$438

Estimates only. Actual payments may vary.

Location

315 S Jackson Street

Hanover, MI 49241

Property Details

Construction

Aluminum Siding Block Brick Stone Vinyl Siding

Parking

Driveway

Heating

Hot Water(Heating)RadiantForced Air

Cooling

Central AirWindow Unit(s)

Questions & Answers

This 24-bedroom, 0-bathroom residential multi family at 315 S Jackson Street is listed at $1,500,000. The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.

Key features include: Built in 1964, 13.00 acre lot, 24 parking spaces.

This property is listed by Crystal Dane and can be reached at 5175818103 or crystaldane78@gmail.com.

CD

Crystal Dane

Agent at Coldwell Banker Groves Real Estate

(517) 581-8103

Listed by Coldwell Banker Groves Real Estate · View on Broker Site

MLS# 26009926· Source: listhub· Updated 78 days ago

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315 S Jackson Street, Hanover, MI 49241

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