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213 Reading Avenue, Jonesville, MI 49250

Jonesville
Local realty services provided by:CENTURY 21 Riverpointe
213 Reading Avenue,Jonesville, MI 49250
$499,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: doug beiswanger
Office: coldwell banker beiswanger realty group
MLS#:26021894
Source:MI_MICHRIC

Price summary

  • Price:$499,000

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:26021894
  • Added:55 day(s) ago
  • Updated:July 08, 2026 at 08:06 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Crawl Space

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Lot area:1.08 Acres
  • Lot Features:Cul-De-Sac
  • Construction Materials:Vinyl Siding, Wood Siding

Finances and disclosures

  • Price:$499,000
  • Tax amount:$15,100 (2025)

Parking

  • Total parking spaces:22

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