About This Home
This 5-bedroom, 0-bathroom residential multi family at 551 Cooper Street in Jackson, MI is listed for $299,900. Built in 1900, on a 0.15 acres lot.
Key Features
- Built in 1900
- 0.15 acre lot
- 6 parking spaces
Property Details
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.
Monthly Cost Estimate
$1,604/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
551 Cooper Street
Jackson, MI 49201
Property Details
Construction
Parking
Heating
Questions & Answers
This 5-bedroom, 0-bathroom residential multi family at 551 Cooper Street is listed at $299,900. The estimated monthly payment is $1,603 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.15 acre lot, 6 parking spaces.
This property is listed by CURTIS G WATSON and can be reached at 5174162787.