223 W Washington Avenue new Save Request In-Person Tour Request Virtual Tour
Jackson,MI 49201
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 55025028606
Bedrooms 6
Year Built 1950
Annual Tax Amount $6,177
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 66x132
Source Jackson Area Association of REALTORS®
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
Zoning Other
Direction W Washington between S Blackstone St and S Jackson St.
Rooms
Basement Walk-Out Access
Interior
Interior Features Laundry Facility,Cable Available
Heating Hot Water
Fireplace no
Heat Source Natural Gas
Laundry 1
Exterior
Garage Spaces 6.0
Roof Type Other
Road Frontage Paved,Pub. Sidewalk
Garage no
Building
Sewer Public Sewer (Sewer-Sanitary),Sewer at Street,Storm Drain
Water Public (Municipal)
Structure Type Brick
Schools
School District Jackson
Others
Pets Allowed Yes
Tax ID 4019300000
Ownership Private Owned
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional