Jackson, MI 49201 223 W Washington Avenue
$485,000
14 more
Presented By: Pouria Namazi at NCDG REALTY & PROPERTY MANAGE - (517) 796-6148
Home Details
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.
Presented By: Pouria Namazi at NCDG REALTY & PROPERTY MANAGE - (517) 796-6148
Interior Features for 223 W Washington Avenue
Bathrooms
Total Baths
Other Interior Features
BasementFull, Walk-Out Access
Basement (Y/N)Yes
Heating Y/NYes
Laundry FeaturesCommon Area, In Basement
Total Fireplaces1
General for 223 W Washington Avenue
Additional Parcels Y/NNo
Attached Garage No
CityJackson
Construction MaterialsBrick
CountyJackson
DirectionsW Washington between S Blackstone St and S Jackson St.
HeatingHot Water
High School DistrictJackson
Land Lease Y/NNo
Lease Renewal Y/NNo
Legal DescriptionW 1/2 OF LOT 7 B3S R1W THE ORIGINAL PLAT OF THE VILLAGE OF JACKSONBURG
Listing TermsCash, Conventional
Lot Size Square Feet8712.0
Lot Size UnitsAcres
MLS AreaJackson County - JX
MLS Area MinorJackson County - JX
MobileHomeRemainsYNNo
ModificationTimestamp2025-07-28T19:42:00Z
New ConstructionNo
Number Of Units Total6
OwnerPaysTrash Collection, Water, Sewer
OwnershipPrivate Owned
PossessionClose Of Escrow
Property Subtype5+ Units
Property TypeMulti Family
Rent Control Y/NNo
RoofOther
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Contingent
Tax Annual Amount6177.29
Tax Assessed Value87465
Tax Year2024
Tenant PaysElectric
TownshipJackson City
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
Year Built1950
Zoning DescriptionC-3
Exterior for 223 W Washington Avenue
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions66x132
Lot FeaturesLevel, Sidewalk, Corner Lot
Lot Size Acres0.2
Lot Size Area0.2
Number of Buildings1
Parking FeaturesAsphalt, Driveway, Paved
Road Surface TypePaved
SpaNo
Total Parking6.0
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
East Jackson Secondary School High School
Elementary School
Big Jackson Public School Elementary School
Middle School
East Jackson Elementary School
Wendy Robinson
Broker/Instructor
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License #543277