$1,100,000

Multi Family In Jackson

  • 8,277 Sqft lot
  • Updated: June 30
  • Source:
    MiRealSource  MLS#70540315

About the Property

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.
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.
  • Property type

    Apartment

  • Year built

    1930

Explore the Area

504-506*** 1st Street, Summit Township, Michigan, United States View on Google Maps
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ERA Reardon Realty, L.L.C. - Jackson

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ERA Reardon Realty, L.L.C. - Jackson
Michigan, United States
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5
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2026
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ERA Reardon Realty, L.L.C. - Jackson
Jackson, Michigan, United States
View agency profile
Last updated
June 30
First listed
Jun 30
Listing reference
70540315
Listing status
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