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551 Cooper Street

Jackson MI 49201

2822 sq. ft.
0.15 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

2822 sq. ft. floor area
0.15 ac. lot size
Multi-Family

Property history for 551 Cooper Street

2022
Sold
$90,000
27 Jan 2022 by Kent Zuver, of RE/MAX MID-MICHIGAN R.E.

Happy sellers in Jackson

95%
95% of sellers in Jackson reported that their sale price either exceeded or met their price expectations.

Jackson stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Jackson over the last 12 months.

Local market activity for multi families in Jackson

In the last 12 months, 10 multi families similar to 551 Cooper Street, have been sold.

This represents a 40% increase in multi families sales when compared to the previous 12 months.

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(619) 566-0008
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