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Danny Dedic

info@dedicatedrealtygroup.com +1(586) 855-6672

$ 1,100,000

Est. payment | -/mo

8,276 Sqft Lot

Save

$ 1,100,000

Est. payment | -/mo

Save

8,276 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active

Purchase Type For Sale

MLS Listing ID 55026030627

Year Built 1930

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type MultiFamily

Property 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.

Location

State MI

County Jackson

Area Area12132Jackson

Rooms

Basement Full

Interior

Heating Baseboard, Other Heating Fuel, Radiant

Fireplace No

Laundry GasDryerHookup, InBasement, WasherHookup

Exterior

Parking Features Asphalt

Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected

View Y/N No

Building

Sewer Public Sewer, Sewer At Street

Water Public

New Construction No

Schools

School District Jackson

Others

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Listed by Jennifer Chmielewski of ERA Reardon Realty, L.L.C.

NEARBY SCHOOLS & PROPERTIES

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(586) 855-6672

info@dedicatedrealtygroup.com

504-506*** 1st ST Jackson City, MI 49203