223 W Washington AVE Active Save Request In-Person Tour Request Virtual Tour
Jackson,MI 49201
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Active
Purchase Type For Sale
Square Footage 4,872 sqft
Price per Sqft $95
MLS Listing ID 55025028606
Year Built 1950
Lot Size 8,712 Sqft
Property Sub-Type MultiFamily
Property Description
Prime opportunity to own a fully occupied 6-unit brick multifamily building in the heart of Downtown Jackson at 223 W Washington Ave. This low-maintenance, city-certified rental property (2024) features 4,872 sq ft of updated living space with consistent rental demand and zero vacancy. $60,000+/year gross income! Tenants enjoy coin-operated laundry, basement storage, and easy access to restaurants, shops, and public transit, including the Amtrak station. Zoned C-3 and located in a high-demand rental area, the property generates strong cash flow with high cap rate. With a solid rental history, stable income, and prime location, this turnkey asset is ideal for any investor seeking a high-performing, hassle-free addition to their portfolio. Listing agent is part owner of this property.
Location
State MI
County Jackson
Area Area12132Jackson
Interior
Heating HotWater, NaturalGas
Laundry CommonArea, InBasement
Exterior
Parking Features Asphalt,Paved
Community Features Sidewalks
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected, SewerConnected
View Y/N No
Roof Type Other
Building
Lot Description CornerLot,Level
Sewer PublicSewer, SewerAtStreet, StormDrain
Water Public
New Construction No
Schools
School District Jackson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard