19
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$495,000
Est. payment /mo
4,872 SqFt
New
223 W Washington Avenue Jackson, MI 49201
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,872 sqft
Price per Sqft $101
Subdivision Mi
MLS Listing ID 70475262
Year Built 1950
Annual Tax Amount $6,177
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 66x132
Property Sub-Type Multi-Family
Property Description
Prime opportunity to own a fully occupied 6-unit brick multifamily building in the heart of Downtown Jackson at 223 W Washington Ave. This low-maintenance, city-certified rental property (2024) features 4,872 sq ft of updated living space with consistent rental demand and zero vacancy. $60,000+/year gross income! Tenants enjoy coin-operated laundry, basement storage, and easy access to restaurants, shops, and public transit, including the Amtrak station. Zoned C-3 and located in a high-demand rental area, the property generates strong cash flow with high cap rate. With a solid rental history, stable income, and prime location, this turnkey asset is ideal for any investor seeking a high-performing, hassle-free addition to their portfolio. Listing agent is part owner of this property.
Location
State MI
County Jackson
Area Jackson (38020)
Interior
Heating Hot Water
Exterior
Exterior Feature Brick
Building
Lot Description Sidewalks
Foundation Basement
Structure Type Brick
Schools
School District Jackson County Isd
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by NCDG REALTY & PROPERTY MANAGE