213 Reading Avenue

Jonesville MI 49250

47219 sq. ft.

Multi-Family

Last sold for $499,000

DOUG BEISWANGER, last sold this property on 22 July 2026 after 69 days on market.

Overview

Prime income-producing 11-unit multifamily in Jonesville -- rare small-town opportunity offering 10% CAP and strong upside for investors. Tenants pay utilities, improving net operating margins and simplifying owner expenses. The portfolio mix includes one-bedroom and two-bedroom units (ideal for long-term tenants and workforce housing), with a history of consistent occupancy through professional management and immediate rent growth potential through modest unit updates. Additional 10 unit portfolio is available as well (totaling 21 units). Contract REALTOR for information.

Features

20 bedrooms

11 bathrooms

22 carspaces

47219 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 20 bedroom multi families sold in Jonesville over the last 12 months.

Property history for 213 Reading Avenue

2026

Sold

$499,000

22 Jul 2026 by DOUG BEISWANGER, of Beiswanger and Risner RE Group

2021

Sold

$300,000

05 Mar 2021 by Belle Stier, of Sterling Realty Group LLC

Happy sellers in Jonesville

We have insufficient information to provide an overview of customer satisfaction for Jonesville. Viewing the agent profiles, reviews and sales for Jonesville can provide insights for this location.