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$1,100,000
-- Bed
-- Bath
--sqft
504-506*** 1St St, Jackson City Jackson, MI 49203
$1,100,000
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Multi Family
Built in 1930
$-- HOA
8,276.4 sqft lot
--/sqft
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,...
Continue Reading- Houzeo last checked: 35 minutes ago
- Listing updated: June 19, 2026 at 4:46 pm
- Listing Provided by: Jennifer Chmielewski (517) 937-5232 | ERA Reardon Realty, L.L.C. (517) 782-2996
- Source: Realcomp MLS-MI | MLS#: 55026030627
- Originating MLS: Jackson Area Association of REALTORS
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1930
HOA Fees
-
Finished Area
- sqft
Lot Size
8,276.4 sqft lot
Basement Area
- sqft
MLS Name
Realcomp MLS
MLS Number
55026030627
MLS Status
Active
Days on Market
33
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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§ 442‑H New York Standard Operating Procedure.
New York State Fair Housing Notice.
