315 S Jackson Street, Hanover, MI 49241 (MLS# 26009926)

315 S Jackson Street, Hanover, MI 49241

$1,500,000

Property Type: Multi Family Lot Size (sq. ft.): 566,280 Status: Active

Current Price: $1,500,000 List Date: 3/16/2026 Last Modified: 6/08/2026

Overview

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, 000-17-28-126-0 ... (Read more)

Listing Details MLS# 26009926

Location Property Info

County: Jackson
Street #: 315
Street Direction: S
Street Name: Jackson
Suffix: Street
State: MI
Zip Code: 49241
Zip (4): 8300

General Property Info

Lot Measurement: Acres
Lot Square Footage: 566280
Lot Acres: 13
Lot Dimensions: 601,333.6
Year Built: 1964
New Construction: No
Road Frontage: 978.5
Total # Units: 12
# of Diff Unit Floor Plans: Yes
Total # Bldgs: 7
Total Parking Spaces: 24
Waterfront: No
School District: Hanover-Horton
Association YN: No
Basement: Yes

Tax Info

Tax ID #: 000-17-28-126-006-00
Taxable Value: 139513
SEV: 500700
For Tax Year: 2025
Seller's Annual Property Tax: 7550.78
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: No

Remarks Misc

Directions: Roundtree Rd to Seward St or State St to south on Dean St.

Access Feat

Accessibility Features: Yes

More Information

Unit 1

Unit #: 315
Unit Description: Single Family
SqFt: 650
Occupied: Yes
Monthly Rent: 855
Bathrooms: Yes
Full Baths: Yes
Barrier Free: Yes
Carport: Yes
Central Air: Yes
Deck/Patio: Yes
Range Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 2

Unit #: 319
Unit Description: duplex
SqFt: 1100
Occupied: Yes
Monthly Rent: 600
Bathrooms: Yes
Full Baths: Yes
Deck/Patio: Yes
Dishwasher: Yes
Garage: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 3

Unit #: 206
Unit Description: Single Family
SqFt: 750
Occupied: Yes
Monthly Rent: 755
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Deck/Patio: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 4

Unit #: 208
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 730
Bathrooms: Yes
Full Baths: Yes
Deck/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 5

Unit #: 212
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 780
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 6

Unit #: 214
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 775
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 7

Unit #: 218
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Bathrooms: Yes
Full Baths: Yes
Monthly Rent: 775
Sep. Heat System: Yes
Refrigerator: Yes
Range/Oven: Yes
Washer/Dryer: Yes

Unit 8

Unit #: 220
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 800
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 9

Unit #: 224
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 825
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refrigerator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 10

Unit #: 226
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 825
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refriderator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 11

Unit #: 316
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 825
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Refriderator: Yes
Sep. Heat System: Yes
W/D Hookup: Yes

Unit 12

Unit #: 314
Unit Description: Duplex
SqFt: 750
Occupied: Yes
Monthly Rent: 905
Bathrooms: Yes
Full Baths: Yes
Range/Oven: Yes
Sep. Heat System: Yes

Location & Property Info

Cross Streets: Seward St and State St
Property Sub-Type: 5+ Units
Municipality: Hanover Vlg
Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale

Remarks & Misc

Public Remarks: 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
Legal: LOTS 11 AND 12 LONE OAK SUBDIVISION VILLAGE OF HANOVER

Lot Description

Corner Lot: Yes
Level: Yes
Sidewalk: Yes
Tillable: Yes
Wooded: Yes

Street Type

Dirt: Yes
Private: Yes

Util Avail at Street

High Speed Internet: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Septic Tank: Yes
Shared Septic: Yes

Water

Shared Well: Yes
Well: Yes

Terms Available

Cash: Yes
Conventional: Yes

Mineral Rights

Unknown: Yes

Laundry Features

Gas Dryer Hookup: Yes
Laundry Room: Yes
Main Level: Yes
Washer Hookup: Yes

Exterior Material

Aluminum Siding: Yes
Block: Yes
Brick: Yes
Stone: Yes
Vinyl Siding: Yes

Roofing

Composition: Yes
Metal: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes
Hot Water: Yes
Radiant: Yes

Air Conditioning

Central Air: Yes
Window Unit(s): Yes

Accessibility Feat

Accessible Mn Flr Be: Yes
Lever Door Handles: Yes
No Step Entrance: Yes

Tenant Pays

Electric: Yes
Gas: Yes

Driveway

Aggregate: Yes
Concrete: Yes
Shared Unpaved: Yes
See Remarks: Yes

Substructure

Crawl Space: Yes
Full: Yes
Partial: Yes
Slab: Yes

Extras

Carports: Yes
Garages: Yes
Sep Electric Meter: Yes
Sep Gas Meter: Yes

Owner Pays

Trash Collection: Yes

Possession

Negotiable: Yes
See Remarks: Yes
Subject To Tenant Rights: Yes

Property Features

Laundry Features: Gas Dryer Hookup; Laundry Room; Main Level; Washer Hookup Accessibility Feat: Accessible Mn Flr Be; Lever Door Handles; No Step Entrance Exterior Material: Aluminum Siding; Block; Brick; Stone; Vinyl Siding Roofing: Composition; Metal Substructure: Crawl Space; Full; Partial; Slab Lot Description: Corner Lot; Level; Sidewalk; Tillable; Wooded Sewer: Septic Tank; Shared Septic Water: Shared Well; Well Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at Street: High Speed Internet Extras: Carports; Garages; Sep Electric Meter; Sep Gas Meter Owner Pays: Trash Collection Tenant Pays: Electric; Gas Heat Source: Natural Gas Heat Type: Forced Air; Hot Water; Radiant Air Conditioning: Central Air; Window Unit(s) Driveway: Aggregate; Concrete; Shared Unpaved; See Remarks Street Type: Dirt; Private Mineral Rights: Unknown Terms Available: Cash; Conventional Possession: Negotiable; See Remarks; Subject To Tenant Rights Sale Conditions: None Unit 1: Barrier Free; Carport; Central Air; Deck/Patio; Range Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 2: Deck/Patio; Dishwasher; Garage; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 3: Range/Oven; Deck/Patio; Refrigerator; Sep. Heat System; W/D Hookup Unit 4: Deck/Patio; Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 5: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 6: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 7: Sep. Heat System; Refrigerator; Range/Oven; Washer/Dryer Unit 8: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 9: Range/Oven; Refrigerator; Sep. Heat System; W/D Hookup Unit 10: Range/Oven; Refriderator; Sep. Heat System; W/D Hookup Unit 11: Range/Oven; Refriderator; Sep. Heat System; W/D Hookup Unit 12: Range/Oven; Sep. Heat System

Listing Office: Coldwell Banker Groves Real Estate

Listing Agent: Crystal Dane

Last Updated: June - 08 - 2026

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