$499,000
Jonesville, MI 49250
MLS# 26021894
1 / 36
Property Description
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.
Details
Maps
Location & Property Info
Cross Streets: BTW US12 and M99
Property Sub-Type: 5+ Units
Municipality: Jonesville City
Subdivision: Supervisors Plat 2
Ownership Type: Private Owned
Office/Contract Info
Auction or For Sale: For Sale
General Property Info
New Construction: No
Lot Dimensions: 145x345
Financial Available: Yes
Financial Comments: NDA Required
Road Frontage: 145
Waterfront: No
Basement: Yes
Total # Units: 11
# of Diff Unit Floor Plans: 3
Total # Bldgs: 5
Total Parking Spaces: 22
School District: Jonesville
Lot Measurement: Acres
Lot Square Footage: 47219
Lot Acres: 1.08
Year Built: 1900
Tax Info
Taxable Value: 236305
SEV: 250100
For Tax Year: 2025
Seller's Annual Property Tax: 15100
Tax Year: 2025
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: Resd
Tax ID #: 21-105-001-028
Remarks & Misc
Public Remarks: 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.
Legal: N 16.5 FT OF LOT 21 ALSO LOT 22 EXC NLY 16.5 FT SUPERVISORS PLAT NO.2 SEC 4 T6S R3W CITY OF JONESVILLE
Lot Description
Corner Lot: 1
Cul-De-Sac: 1
Sidewalk: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Cable Available: 1
High Speed Internet: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Tax Def Exchange: 1
Laundry Features
In Unit: 1
Other: 1
Exterior Material
Vinyl Siding: 1
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Window Unit(s): 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Sewer: 1
Water: 1
Driveway
Aggregate: 1
Substructure
Crawl Space: 1
Full: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Sep Water Meter: 1
Owner Pays
Trash Collection: 1
Unit 1
Unit Description: 101 Sunset
SqFt: 810
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit Description: 102 Sunset
SqFt: 810
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 3
Unit Description: 103 Sunset
SqFt: 810
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 4
Unit Description: 104 Sunset
SqFt: 810
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 5
Unit Description: 105 Sunset
SqFt: 810
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 6
Unit Description: 107 Sunset
SqFt: 810
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 7
Unit Description: 213 Reading A
SqFt: 1561
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 8
Unit Description: 213 Reading B
SqFt: 870
Occupied: Yes
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 9
Unit Description: 213 Reading C
SqFt: 200
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Unit 10
Unit Description: 215 Reading A
Occupied: Yes
Monthly Rent: 600
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 11
Unit Description: 215 Reading B
SqFt: 200
Occupied: Yes
Bedrooms: 1
Bathrooms: 1
Full Baths: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Location Property Info
County: Hillsdale
Street #: 213
Street Name: Reading
Suffix: Avenue
State: MI
Zip Code: 49250
Zip (4): 1240
OfficeContract Info
Status: Active
Current Price: $499,000
List Price: $499,000
Listing Date: 2026-05-13
Remarks Misc
Directions: BTW US-12 (W Chicago St) and M-99 (Olds St) west of Bowman Rd.
Property Features
Laundry Features: In Unit; Other
Exterior Material: Vinyl Siding; Wood Siding
Roofing: Composition
Substructure: Crawl Space; Full
Lot Description: Corner Lot; Cul-De-Sac; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at Street: Cable Available; High Speed Internet
Extras: Sep Electric Meter; Sep Gas Meter; Sep Water Meter
Owner Pays: Trash Collection
Tenant Pays: Electric; Gas; Sewer; Water
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Window Unit(s)
Driveway: Aggregate
Street Type: Paved; Public
Terms Available: Cash; Conventional; Tax Def Exchange
Possession: Close Of Escrow; Subject To Tenant Rights
Sale Conditions: None
Listing Office: Coldwell Banker Beiswanger Realty Group
Listing Agent: Doug Beiswanger
Last Updated: May - 13 - 2026
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