Pending
213 Reading Avenue, Jonesville, MI 49250
$499,000
MLS # 26021894 (Michigan Regional Information Center (MichRIC))
11 unitsBuilt 19001.08 acres
1 / 36
Listing Description
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 history 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.
Source: SparkMLS
About this home
Asking $499,000.
Estimated annual property tax: $15,100, or about $1,258 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeMulti Family
Property Subtype5+ Units
Bathrooms0
Lot Size1.08 acres
Year Built1900
Location
CityJonesville
MunicipalityJonesville City
Zip Code49250
CountyHillsdale
School DistrictJonesville
Construction & Systems
ConstructionVinyl Siding, Wood Siding
BasementCrawl Space, Full
HeatingForced Air
UtilitiesCable Available, Natural Gas Connected, Electricity Connected
Sale & Financing
Listed5/12/2026
Terms AcceptedCash, Conventional, Tax Def Exchange
Source: SparkMLS
Tax Information
Annual Tax$15,100
Tax Year2025
Assessed Value$236,305
Parcel #21-105-001-028
Source: SparkMLS
Legal Description
N 16.5 FT OF LOT 21 ALSO LOT 22 EXC NLY 16.5 FT SUPERVISORS PLAT NO.2 SEC 4 T6S R3W CITY OF JONESVILLE
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Frequently Asked Questions about 213 Reading Avenue, Jonesville, MI 49250
What school district is 213 Reading Avenue, Jonesville, MI 49250 in?
Per MLS# 26021894, this property is served by Jonesville. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26021894, the seller has indicated this property accepts the following financing types: Cash, Conventional, Tax Def Exchange. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26021894, the most recent reported annual property tax for 213 Reading Avenue, Jonesville, MI 49250 is $15,100 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 213 Reading Avenue, Jonesville, MI 49250 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 213 Reading Avenue, Jonesville, MI 49250 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Michigan Gas Utilities Corporation. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Jonesville City police department or the Hillsdale County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$3,237
Principal & interest$3,237
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
213 Reading Avenue, Jonesville, MI 49250
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Municipality
Jonesville
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County
Jackson County
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