223 W Washington Ave - Apartments FOR SALE


Jackson, MI 49201
$485,000 USD
310-717-3667
223 W Washington Ave, Jackson, MI for Sale
$485,000 USD
Apartments - FOR SALE
1/25
null | 7.7% Cap Rate

223 W Washington Ave
Jackson, MI 49201


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$485,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

6

PRICE/UNIT

$80,833

CAP RATE

7.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C-3

APN/PARCEL ID

4-019300000

ASK ABOUT THIS PROPERTY

Paul NamaziNCDG Realty & Property ManagementMore Info
310-717-3667

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Paul NamaziNCDG Realty & Property ManagementMore Info
310-717-3667

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.