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About This Home
This 20-bedroom, 0-bathroom residential multi family at 213 Reading Avenue in Jonesville, MI is listed for $499,000. Built in 1900, on a 1.08 acres lot.
Prime income-producing 11-unit multifamily in Jonesville -- rare small-town opportunity offering 10% CAP and strong upside for investors. Tenants pay utilities, improving net operating margins and simplifying owner expenses. The portfolio mix includes one-bedroom and two-bedroom units (ideal for long-term tenants and workforce housing), with a hist
ory of consistent occupancy through professional management and immediate rent growth potential through modest unit updates. Additional 10 unit portfolio is available as well (totaling 21 units). Contract REALTOR for information.
Key Features
- Built in 1900
- 1.08 acre lot
- 22 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
213 Reading Avenue
Jonesville, MI 49250
Supervisors Plat 2
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 20-bedroom, 0-bathroom residential multi family at 213 Reading Avenue is listed at $499,000. The estimated monthly payment is $2,162 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 1.08 acre lot, 22 parking spaces.
This property is listed by Doug Beiswanger and can be reached at 5179149555 or doug@mirealestatepro.com.
