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.
Active contingent
Price cut: $10K (7/2)
$485,000
223 W Washington Ave, Jackson, MI 49201
6beds
6baths
--sqft
Est.:
5+ Units
Built in 1950
-- sqft lot
$457,500 Zestimate®
$--/sqft
$-- HOA
What's special
Updated living spaceBasement storageCoin-operated laundry
- 58 days
- on Zillow |
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