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$499,000
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213 Reading AVE Jonesville City, MI 49250
1.08 Acres Lot
Key Details
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Subdivision Supervisors Plat 2
MLS Listing ID 55026021894
Sold Date 07/22/26
Year Built 1900
Lot Size 1.080 Acres
Acres 1.08
Property Sub-Type MultiFamily
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
Area Area30062Jonesville
Rooms
Basement Full
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Fireplace No
Laundry InUnit, Other
Exterior
Parking Features Aggregate
Community Features Sidewalks
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Roof Type Composition
Building
Lot Description CornerLot, CulDeSac
Foundation CrawlSpace
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Jonesville
Others
Acceptable Financing Cash, Conventional, Trade1031Exchange
Listing Terms Cash, Conventional, Trade1031Exchange
Special Listing Condition Standard
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Bought with Jones Chance & Co
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