56
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$299,900
Est. payment /mo
2,822 SqFt
New
551 Cooper ST Jackson City, MI 49201
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Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 2,822 sqft
Price per Sqft $106
MLS Listing ID 55026050747
Year Built 1900
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type MultiFamily
Property Description
Excellent investment opportunity with a fully occupied 6-unit multi-family property featuring two buildings on a corner lot. The property consists of a 4-unit building and a separate 2-unit building, offering a total of six units. Numerous major updates were completed in 2022-2023, including a new roof, six kitchens, six bathrooms, most of the flooring throughout in 2023, plus two furnaces and a water heater in 2022. All new windows and most of the plumbing in the 4 unit building over the past few years. The rear 2-unit building has separate gas and electric meters, with tenants responsible for their own electric; but gas could be fully separated with the addition of a 2nd water heater (already has 2 separate furnaces). City certified and fully occupied, with approximately $42,000 in annual NOI and a reported 14% cap rate. A strong opportunity for investors seeking an updated, income-producing multifamily property.
Location
State MI
County Jackson
Area Area12132Jackson
Rooms
Basement Full
Interior
Heating Forced Air, Hot Water, Natural Gas
Fireplace No
Exterior
Parking Features Asphalt
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Lot Description CornerLot
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Jackson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by CURTIS G WATSON of Coldwell Banker Beiswanger Realty Group
NEARBY SCHOOL & BUSINESS
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