$499,000
$499,000
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213 Reading Avenue Jonesville, MI 49250
1.08 Acres Lot
Key Details
Sold Price $499,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Municipality Jonesville City
Subdivision Supervisors Plat 2
MLS Listing ID 26021894
Sold Date 07/22/26
Year Built 1900
Annual Tax Amount $15,100
Tax Year 2025
Lot Size 1.084 Acres
Acres 1.08
Lot Dimensions 145x345
Property Sub-Type 5+ Units
Source Michigan Regional Information Center (MichRIC)
Property 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.
Location
State MI
County Hillsdale
Direction BTW US-12 (W Chicago St) and M-99 (Olds St) west of Bowman Rd.
Rooms
Basement Crawl Space, Full
Interior
Heating Forced Air
Cooling Window Unit(s)
Laundry In Unit, Other
Exterior
Parking Features Aggregate, Driveway
Utilities Available Cable Available, Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Composition
Street Surface Paved
Total Parking Spaces 22
Building
Lot Description Cul-De-Sac, Sidewalk, Corner Lot
Structure Type Vinyl Siding,Wood Siding
New Construction No
Schools
School District Jonesville
Others
Tax ID 21-105-001-028
Acceptable Financing Cash, Conventional, Tax Def Exchange
Listing Terms Cash, Conventional, Tax Def Exchange
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Bought with Jones Chance & Co
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