Pending
213 Reading Avenue, Jonesville, MI 49250
$499,000
0 bathsBuilt 19001.08 acres2 MLS listings
1 / 36
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.
Price & Status History
May 13, 2026MLS #26021894
Listed for sale
$499,000
Nov 11, 2000MLS #10589
Sold
$89,900
Jan 9, 2000MLS #10589
Listed for sale
$99,900
MLS Listing History2 listings
Tax & Assessment
Parcel Number21-105-001-028
Assessed Value$236,305
Annual Tax (2025)$15,100
Property Details
Property TypeMulti FamilyBathrooms0Lot Size1.08 acresYear Built1900CityJonesvilleMunicipalityJonesville CityZip Code49250School DistrictJonesvilleTerms AcceptedCash, Conventional, Tax Def Exchange
Listed by Doug Beiswanger
Coldwell Banker Beiswanger Realty Group