504-506*** 1st Street, Jackson, MI 49203
504-506*** 1st Street, Jackson, MI 49203
504-506*** 1st Street, Jackson, MI 49203
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$1,100,000
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8,276 Sqft Lot
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504-506*** 1st Street Jackson, MI 49203

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Motus Real Estate

Motus Real Estate

+1(248) 270-5999

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Key Details

Property Type Multi-Family

Sub Type 5+ Units

Listing Status Active

Purchase Type For Sale

Municipality Jackson City

MLS Listing ID 26030627

Year Built 1930

Annual Tax Amount $1,753

Tax Year 2025

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 62 x 135

Property Sub-Type 5+ Units

Source Michigan Regional Information Center (MichRIC)

Property Description

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.

Location

State MI

County Jackson

Rooms

Basement Full

Interior

Heating Baseboard, Radiant

Laundry Gas Dryer Hookup, In Basement, Washer Hookup

Exterior

Parking Features Asphalt, Driveway

Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

View Y/N No

Total Parking Spaces 12

Building

Sewer Public Sewer

Structure Type Wood Siding,Other

New Construction No

Schools

School District Jackson

Others

Tax ID 3-000700000 & 3-000800000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by ERA Reardon Realty, L.L.C.

NEARBY SCHOOL & BUSINESS

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Motus Real Estate

Motus Real Estate

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+1(248) 270-5999

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