504-506*** 1st Street, Jackson, MI

Name: 504-506*** 1st Street, For Sale in Jackson - Zoocasa
Brand: ERA REARDON REALTY, L.L.C.
SKU: 26030627
Price: 1100000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,100,000

12812

MLS® 26030627

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size -

Garage No

Taxes $1,753

Days Active 3

Lot Size 0.1899999976158142 Acres

Approx. Age 1930

MLS® Number 26030627

Property Address: 504-506*** 1st Street, Jackson, MI, 49203

Average square foot calculated using Size range provided by listing agent.

Description

Income-producing 12-unit multifamily portfolio featuring an 8-unit building at 504-506 First St. And a 4-unit building at 510 First St. Offered as one package, this value-add investment provides immediate cash flow with upside potential through continued stabilization and rent optimization. Current gross income is approximately $101, 000 annually with a current NOI of $63, 000 and a 5.75% cap rate. Seller projections indicate potential stabilization to over $105, 000 NOI and a cap rate approaching 9.6%. Located in a strong rental market with high renter occupancy, limited inventory, and consistent housing demand. Excellent opportunity for investors seeking workforce housing, multifamily assets, portfolio expansion, or a 1031 exchange acquisition in Jackson, Michigan.

MLS® Number26030627

Laundry LevelGas Dryer Hookup, Washer Hookup, In Basement

Central VacNo

FireplaceNo

Acreage0.19

Exterior

GarageNo

Approx. Age1930

BasementFull

DrivewayAsphalt

Garage Spaces

HeatBaseboard, Radiant

A/C

Extras

Map

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