551 Cooper Street, Jackson, MI 49201
- $299,900
- List Price
- $299,900
- Days on Market
- 0
- MLS#
- 26050747
- Status
- ACTIVE
- Type
- Multifamily
Property Description
Excellent investment opportunity with a fully occupied 6-unit multi-family property featuring two buildings on a corner lot. The property consists of a 4-unit building and a separate 2-unit building, offering a total of six units. Numerous major updates were completed in 2022-2023, including a new roof, six kitchens, six bathrooms, most of the flooring throughout in 2023, plus two furnaces and a water heater in 2022. All new windows and most of the plumbing in the 4 unit building over the past few years. The rear 2-unit building has separate gas and electric meters, with tenants responsible for their own electric; but gas could be fully separated with the addition of a 2nd water heater (already has 2 separate furnaces). City certified and fully occupied, with approximately $42,000 in annual NOI and a reported 14% cap rate. A strong opportunity for investors seeking an updated, income-producing multifamily property.
Additional Information
- Owner Pays
- Electricity, Gas, Sewer, Trash Collection, Water
- Taxes
- $5,970
- Acres
- 0.15
- Basement
- Full
- Heating
- Forced Air, Hot Water
- School District
- Jackson
- Tenant Pays
- None
- Total Parking Spaces
- 6
- Utilities
- Natural Gas Connected, Electricity Connected, Cable Available
- Water
- Public Water
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Listing courtesy of Listing Agent: CURTIS G WATSON from Listing Office: Coldwell Banker Beiswanger Realty Group.
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