Courtesy of Coldwell Banker Beiswanger Realty Group, CURTIS WATSON
551 Cooper Street, Jackson, Michigan, 49201
0.15 Acres
5 bd
#26050747
Excellent investment opportunity with a fully occupied 6-unit multi-family property featuring two buildings on a corner lot. The property consists of a 4-unit building and a separate 2-unit building, offering a total of six units. Numerous major updates were completed in 2022-2023, including a new roof, six kitchens, six bathrooms, most of the flooring throughout in 2023, plus two furnaces and a water heater in 2022. All new windows and most of the plumbing in the 4 unit building over the past few years. The rear 2-unit building has separate gas and electric meters, with tenants responsible for their own electric; but gas could be fully separated with the addition of a 2nd water heater (already has 2 separate furnaces). City certified and fully occupied, with approximately $42,000 in annual NOI and a reported 14% cap rate. A strong opportunity for investors seeking an updated, income-producing multifamily property.
PROPERTY FEATURES
- Utilities : Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Asphalt, Driveway
- Parking Total: 6
- Heating on Property:
- Heating : Natural Gas, Forced Air, Hot Water
- Construction Materials: Aluminum Siding
- Road Surface Type: Paved
- Basement Description : Full
- Basement on Property:
PROPERTY DETAILS
ID: 26050747
Status: Active
Price: $299,900
Acres: 0.15 Acres
Price Per Acre: $1,999,333
Type: Multi-family
Address: 551 Cooper Street
City, State: Jackson, Michigan
County: Jackson
Zip Code: 49201
Lat/Long: 42.251993, -84.401661
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