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Tim Sova

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$ 175,000

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Active Under Contract

500 W Biddle ST #A, B, C, D Jackson, MI 49203

2,596 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type MultiFamily

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,596 sqft

Price per Sqft $67

Subdivision Livermore Wood & Eaton'S Add

MLS Listing ID 55025056416

Year Built 1930

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type MultiFamily

Property Description

CITY CERTIFIED 4-UNIT PROPERTY WITH OFF-STREET PARKING AND EXCELLENT INVESTMENT POTENTIAL NEAR CENTRAL BUSINESS DISTRICT. Property Overview-Presenting a fantastic investment opportunity: a City Certified four-unit multi-family home located just minutes from the central business district. This property offers a strong return and is currently being offered at an impressive 11.5% CAP Rate, making it ideal for both seasoned investors and those entering the market.Unit Configuration-1 spacious two-bedroom unit3 comfortable one-bedroom unitsEach unit is thoughtfully designed for convenience and comfort, catering to a variety of tenant needs.Parking and Accessibility-All four units come with off-street parking, providing tenants with a secure and hassle-free parking experience. This feature adds significant value and appeal to the property.Prime Location-The property is ideally situated close to public transit options, allowing residents easy access to commutethroughout the city. In addition, shopping, dining, and entertainment venues are all within walking distance, ensuring a vibrant and convenient lifestyle for tenants.
Investment Highlights-
" City Certified for peace of mind and compliance
" Attractive 11.5% CAP Rate
" Desirable unit mix for diverse rental demand
" Off-street parking for all units
" Proximity to central business district, transit, shopping, and dining.

Don't miss the chance to own this well-maintained and high-performing multi-family property in a sought-after urban location.
Home is available with $0 down payment to qualified purchasers. Contact REALTOR today for more details or to schedule a viewing.

Location

State MI

County Jackson

Area Area12132Jackson

Rooms

Basement Full

Interior

Heating ForcedAir, NaturalGas

Cooling WindowUnits

Fireplace No

Exterior

Parking Features Paved

Community Features Sidewalks

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable

View Y/N No

Roof Type Composition, Other

Building

Lot Description CornerLot, Level

Sewer PublicSewer

Water Public

New Construction No

Schools

High Schools Jackson

School District Jackson

Others

Acceptable Financing Cash, Conventional, FHA, VaLoan

Listing Terms Cash, Conventional, FHA, VaLoan

Special Listing Condition Standard

Listed by Doug Beiswanger of Coldwell Banker Beiswanger Realty Group

Tim Sova

Broker Associate

+1(810) 844-2316

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Brighton, MI

Tim Sova

500 W Biddle ST #A, B, C, D Jackson, MI 49203

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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500 W Biddle ST #A,B,C,D