For Sale

Listed by CURTIS WATSON from Beiswanger and Risner RE Group

Source: Multiple Listing Service MiRealSource #70560404

551 Cooper Street, Jackson, MI, 49201

$299,900

2822 sq. ft.
0.15 ac.

MultiFam

•

2 days on the market

What's around 551 Cooper Street

About this property

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.

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