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551 Cooper Street Jackson, MI 49201-1570
2,822 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,822 sqft
Price per Sqft $106
Subdivision Mi
MLS Listing ID 70560404
Year Built 1900
Annual Tax Amount $5,970
Tax Year 2026
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 48 X 132
Property Sub-Type Multi-Family
Property Description
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.
Location
State MI
County Jackson
Area Jackson (38020)
Interior
Heating Forced Air, Hot Water
Cooling None
Exterior
Exterior Feature Aluminum
Building
Foundation Basement
Structure Type Aluminum
Schools
School District Jackson County Isd
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Coldwell Banker Beiswanger Realty Group