223 W Washington Avenue new Save Request In-Person Tour Request Virtual Tour
Jackson,MI 49201
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25028606
Year Built 1950
Annual Tax Amount $6,177
Tax Year 2024
Lot Size 8,712 Sqft
Property Sub-Type 5+ Units
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 Jackson County - Jx
Interior
Heating Hot Water
Fireplaces Number 1
Laundry Common Area,In Basement
Exterior
Parking Features Asphalt,Driveway,Paved
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected,Storm Sewer
View Y/N No
Roof Type Other
Building
Lot Description Level,Sidewalk,Corner Lot
Sewer Public Sewer
Structure Type Brick
New Construction No
Schools
Elementary Schools Big Jackson Public School
Middle Schools East Jackson Elementary School
High Schools East Jackson Secondary School
School District Jackson
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional