11-Unit Multifamily Apartment
213 Reading Avenue Jonesville, MI 49250
For Sale
$499,000
Income-producing 11-unit multifamily featuring one- and two-bedroom units with tenants paying utilities.
Property Size200 SF
Price / SF$2,495
Days on Market73
Property Features for 213 Reading Avenue
General Information
- Standard status
- Active
- Size
- 200 SF
- Property subtype
- Multi Family / 5+ Units
Building Details
- Year Built
- 1900
Listing Agency:
Coldwell Banker Beiswanger Realty Group
(517) 914-9555
Listed By:
Doug Beiswanger · License #6502425012
(517) 914-9555
Source:
Compass
Added: May 13
Changed: Jul 22
Last Checked: Jul 23 at 9:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Beiswanger Realty Group
Investment Insights
Based on property information with market context.
This income-producing 11-unit multifamily apartment building offers a mix of one-bedroom and two-bedroom units. The property is managed professionally, and the provided information notes a history of consistent occupancy.
The building is located at 213 Reading Avenue in Jonesville, Michigan. Tenants pay utilities, which may help simplify owner expenses and support stronger operating margins. The remarks also indicate that an additional 10-unit portfolio is available for purchase, for a combined total of 21 units. Contract REALTOR for information.
The building is located at 213 Reading Avenue in Jonesville, Michigan. Tenants pay utilities, which may help simplify owner expenses and support stronger operating margins. The remarks also indicate that an additional 10-unit portfolio is available for purchase, for a combined total of 21 units. Contract REALTOR for information.
Key Highlights
- 11‑unit multifamily in Jonesville featuring 1‑bedroom and 2‑bedroom units
- Tenants pay utilities, with separate electric, gas, and water meters (Sep Electric Meter, Sep Gas Meter, Sep Water Meter)
- Stated 10% CAP for this income‑producing property
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Income-producing 11-unit multifamily featuring one- and two-bedroom units with tenants paying utilities.
Where is this apartment building located?
The property is located at 213 Reading Avenue Jonesville, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 11‑unit multifamily in Jonesville featuring 1‑bedroom and 2‑bedroom units; Tenants pay utilities, with separate electric, gas, and water meters (Sep Electric Meter, Sep Gas Meter, Sep Water Meter); Stated 10% CAP for this income‑producing property
